M&A – Page 56
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NewsAdmiral subsidiary using Tractable’s AI solution
The insurer will use the insurtech’s AI solution to pay claims quickly
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IT InterviewBrokerbility buy is a ‘tremendous opportunity’ says Clear Group boss
Broker to target small, specialty firms as part of M&A expansion plan to support ‘gradually moving up the ladder’
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NewsClear Group buys Brokerbility Holdings
The deal marks the broker’s biggest acquisition to date - it will now manage around £200m in premiums and employ more than 400 staff
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IT InterviewUninsured smaller acquisitions spark fresh demand for insurance solution says CFC’s Angus Marshall
With a potential post-pandemic capacity crunch in M&A, CFC’s Angus Marshall gives his view on the current environment and why corporates are looking at warranty and indemnity insurance
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News AnalysisA-Plan deal a ‘stepping stone’ to further growth says David Howden
The near £700m deal is expected to create a £1bn broking giant once it completes, and with reinsurance and London specialties joining forces with a large regional presence, the newly formed business will have a number of strengths to bring to market
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NewsInperio signs new multi-year deal with specialist underwriter
The partnership will see capacity offered to solicitors and independent financial advisors
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IT InterviewLockdown is technology’s ‘moment to shine’ says Insurercore’s founder and MD Peter Clarke
Technology has been crucial during the UK’s lockdown - this has accelerated platform on-boarding and searches for Insurercore, the insurance market’s risk appetite directory, which acts like a ’dating agency’. Its managing director Peter Clarke tells Insurance Times why the Covid-19 pandemic is technology’s ’moment to shine’ and discusses the ...
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News AnalysisMCI completes management buy-out from underwriting platform Castel
Following the deal, MCI will be led by chief executive Philip Trafford
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NewsGRP completes first deal in Republic of Ireland with majority share purchase
The deal signals GRP’s intention to seek further acquisitions in the country
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IT InterviewKingfisher adopts strong M&A focus as part of business re-brand
A 12-month, multimillion pound transformation and change project has seen Vantage Holdings morph into the newly rebranded Kingfisher Holdings. Insurance Times gets the details from the firm’s group chief executive
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NewsCMA ‘concerned’ that Ardonagh’s purchase of Bennetts will lead to ‘worse deal’ for customers
The firms now have five days to respond to the CMA’s initial findings; if its key issues are not addressed, then an in-depth phase two investigation will be required
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NewsTechnology & Innovation Awards finalist 2020 Q&A: Broker Insights sees partnerships soaring despite Covid-19 pandemic
There are just eight days to go until the winners for Insurance Times’s Tech & Innovation Awards 2020 will be revealed at a virtual ceremony on 17 September
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NewsBennetts Motorcycling Services joins the Ardonagh Group
The Competition and Markets Authority launched an investigation in July on Ardonagh’s acquisition of Bennetts - this formed part of the purchase process
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NewsMarkerstudy cuts compulsory redundancies for proposed Co-op Insurance deal
Markerstudy says that employees are of ’utmost importance’, earlier in the week an Early Day Motion was filed in a bid to reassess the deal with Co-operative Insurance
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NewsRochdale MP lodges Early Day Motion urging Co-op to reassess Markerstudy deal
A protest was held on the same day the motion was launched in order to draw attention to the amount of job losses in the proposed sale of Co-operative Insurance
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NewsAXA Partners extends long-term partnership with travel insurer
The global insurer has entered a collaborative partnership with a travel insurer to cater to customer needs more closely
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News AnalysisAon and Willis Towers Watson merger seals shareholder approval
Shareholders have voted in favour of the merger between Aon and Willis Towers Watson
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NewsThingCo secures contract with Freedom Brokers
ThingCo has secured a new contract to further deploy its telematics device Theo, as part of its ambitions to expand in the UK and then globally
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NewsZurich partners with By Miles on five-year usage-based insurance proposition
The insurer has entered a five-year agreement for a usage-based insurance model with By Miles after observing a shift in consumers driving patterns during the pandemic and as lockdown unwinds
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NewsLancashire broker joins Ethos Broking
The new addition plans to use Ethos Broking’s resources to aid its growth plans
