Insurance Times rounds up the biggest M&A stories from 28 April to 2 May
Starting off the week, it was reported that Acrisure was in talks to receive as much as £1.5bn ($2bn) from a group led by Bain Capital’s special situations arm.
According to Bloomberg, people familiar with the matter said that the new investment is set to take the form of preferred equity, which gives the investor certain preferences over common equity holders.
Then, The Broker Investment Group (TBIG) increased its shareholding in Mayfair Insurance to 100%.
Bedford-based Mayfair Insurance is a £4m gross written premium (GWP) broker offering a suite of personal and commercial insurance products throughout the UK.
Following this Sutton Winson became the first of Acrisure’s nine UK retail insurance brokers to rebrand.
The broker, which was acquired by US-based Acrisure in October 2022, will now be known as Acrisure UK Broking.
Rounding off the week, Delta Corporate Risk acquired a book of clients from Colmore Insurance Brokers after receiving a six-figure investment.
Macclesfield-headquartered Delta Corporate Risk is looking to double in size over the next five years after securing funding from NPIF II – FW Capital Debt Finance, which is managed by FW Capital as part of the Northern Powerhouse Investment Fund II.
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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