This week’s biggest M&A stories

Starting off the week, The Broker Investment Group (TBIG) announced it had completed its largest acquisition to date with a 75% stake of Sunbury-on-Thames-based U Drive.

U Drive is a £38m gross written premium (GWP) personal lines broker specialising in complex private car risks, including drivers with limited no claims history, modified vehicles and high value performance vehicles.

• TBIG completes largest acquisition to date with £38m GWP broker deal

Then, Clear Group acquired Scotland-based Spence Insurance.

Located in Scotland’s Central Belt, Spence Insurance specialises in commercial insurance. Clear Group said the firm ”has deep roots in the local community, with the Spence family involved in the industry for 50 years and operating from its Bathgate premises for more than 15 years”.

• Clear Group acquires family-owned Scottish broker

Finally, US-based specialty insurance platform Doxa marked its first move into the UK market with the acquisition of Eaton Gate.

Serving more than 50,000 businesses and homeowners, Eaton Gate is an MGU that specialises in UK SME commercial and mid and high net worth (HNW) insurance products. 

• US-based firm enters UK with MGU acquisition