This week’s biggest M&A stories

Starting off the week, the FCA and Prudential Regulation Authority (PRA) both gave the green light for Aviva’s £3.7bn acquisition of Direct Line Group (DLG).

In a statement, DLG and Aviva said that the two regulators “have each given written notice to Aviva approving the acquisition of control in respect of a UK authorised person contemplated by the acquisition”.

• FCA and PRA give green light to Aviva’s £3.7bn DLG takeover

Then, private equity investor BP Marsh acquired a 27% shareholding in London-based MGA Cameron Specialty.

Founded by chief executive Tom Kirkland, Cameron Specialty specialises in UK property insurance in the commercial combined and property owners sectors.

• PE firm acquires 27% stake in London-based specialty MGA

Following this, The Clear Group acquired CR Toogood and Co to strengthen its UK retail capability and southern presence.

Based in East Horsley, Surrey, CR Toogood is a third generation family business currently led by Peter Toogood.

• The Clear Group acquires £14.5m GWP family-owned broker

Rounding off the week, Atec Group acquired commercial SME insurance specialist Moorhouse Group, marking its first deal since securing backing from private equity investor Perwyn in 2024. 

Caerphilly-based Moorhouse Group has operated for 35 years and has three brands, including wholesale broker Xbroker, retail arm constructaquote.com and MGA Toledo.

• Atec announces first acquisition since securing PE backing