M&A – Page 85
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Online onlyBrightside shares won’t go cheaply
Shareholders’ high expectations could thwart Banks’s buyout plan, while new chief executive says firm isn’t seeking a takeover
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NewsS&P cuts Groupama rating to junk status
Insurer downgraded to BB as actions taken ‘unlikely to restore capital to investment-grade level’
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NewsOmega co-founder challenges Canopius offer price
John Robinson asks Bermuda court to reappraise the value of his shares
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Online onlyBIL sale leaves Brit to get back to business
Focus now on improved underwriting and cutting costs
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NewsGroupama to sell Spanish operation for 405.5m Euros
Catalana to buy 100% stake in French mutual
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NewsMore Lloyd’s M&A to come - AM Best
Insurers’ quest for growth and diversification is spurring acquisition plans
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NewsAM Best downgrades Brit’s BIL on sale news
Financial strength rating cut to B++, with further downgrades possible
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Can Brit emerge a more nimble player?
The Lloyd’s insurer’s sales to QBE and RiverStone should release it from a weight of liabilities and capital requirements
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NewsBIL sale will boost Brit’s capital flexibility - Cloutier
RiverStone will pay roughly £191m for Brit’s UK entity
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NewsBrit sells UK holding company to run-off firm RiverStone
Move makes Brit a Lloyd’s-only underwriter
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NewsCobra extends offer deadline again
New deadline set at 22 June as Alto completes offer arrangements
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NewsQuindell to buy Intelligent Claims Management
Acquisitive outsourcer buy another firm and signs commercial agreement
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NewsDirect Group acquires Simple Insurance
Deal funded by £15m refinancing facility from Lloyds Bank
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NewsRSA acquires Canadian insurer for £94m
L’Union Canadienne, Compagnie d’assurances takeover in line with insurer’s growth strategy in Quebec
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NewsOnline insurer puts 'British' firms up for sale
Burgess seeks to cash in on Diamond Jubilee year
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Online onlyIAG plans sale of ailing Equity Red Star, but may struggle to find buyer
Announcement marks reversal of previous commitment to keep and fix the business
