M&A – Page 154
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News
R&SA buys Martello in £38.5m deal
Royal & SunAlliance (R&SA) has boosted its professional indemnity (PI) offering with the acquisition of Martello Underwriting for £38.5m.PI agency Martello trades as PI Direct, PI Brokerlink, Magian Underwriting and Saturn, and has a significant market share in the SME sector. R&SA UK chief executive Bridget McIntyre said the deal ...
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News
R&SA UK profits rise to £129m
Personal lines jump £33m as insurer pushes for affinity deals and acquisitions
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News Analysis
Buying into the legal process
The Legal Service Act received Royal Assent this week and the insurance industry is gearing up to take advantage of it. Sarah Kennedy reports
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News
Norwich Union to write a third of Giles’ business
Norwich Union (NU) will underwrite a third of Giles Insurance’s business following its purchase of a stake in the broker. This could amount to an annual £100m in premium by 2009.Giles confirmed this week that it had sold a 7.5% stake to NU for £5.2m, as revealed by Insurance Times ...
