Mergers & acquisitions (M&A)
Canopius confirms KGM interest as Lloyd's deadline approaches
Canopius, the largest privately owned Lloyd's insurer, has confirmed it is in talks to acquire up- for-sale motor underwriter KGM, with the deal expected to be completed within a fortnight.
Xchanging in Italian swoop
Xchanging has signed a letter of intent with SIA-SSB, the European specialist in financial and payment systems services, to form an Enterprise Partnership.
Xchanging in Italian swoop
Xchanging has signed a letter of intent with SIA-SSB, the European specialist in financial and payment systems services, to form an Enterprise Partnership.
Brit shareholders would back improved Apollo bid, claims report
Brit Insurance shareholders would reportedly back an improved bid by Apollo, the US private equity house, if one is forthcoming.
Brit shareholders would back improved Apollo bid, claims report
Brit Insurance shareholders would reportedly back an improved bid by Apollo, the US private equity house, if one is forthcoming.
FSA to investigate Brit buy-out leak
The Financial Services Authority is investigating the leak of Apollo's takeover approach of Brit Insurance.
Nexus acquires AVH
Nexus Vehicle Rental, has announced the acquisition of Adapted Vehicle Hire for an undisclosed sum.
Interview - Stephanie Watkins: From speeding tickets to cricket wickets
Leigh Jackson talks to HSB UK's American chief executive officer and managing director of engineering insurance Stephanie Watkins about her past as a police officer in the US and her curious love for cricket.
Broker Jelf records £616 000 interim loss
For the six months ended 31 March 2010, insurance broking group Jelf this morning reported a loss of £616 000, an improvement on the same period in 2009 when this was £994 000.
Risk managers urged to consider insurance for M&A deals
There are signs of resurgence in the mergers and acquisitions market after the comparative down-turn in 2008 and 2009, with the number of warranty and indemnity policies written by Chartis Insurance in the UK in 2010 forecast to increase by more than 100…
TPG to acquire Vertafore
Vertafore, a provider of software and services to the insurance industry, has announced that the company is to be acquired by investment funds managed by TPG Capital.
Axa remains committed
Axa has insisted it remains committed to its UK general insurance and health operations.
Market awaits Apollo's next move on Brit
Lloyd's insurers that have been trading below book value saw their share prices jump following a private equity bid to buy Brit Insurance.
Corpore to buy assets
Corpore is to acquire some of the assets of rehabilitation provider, Kynixa.
Adjusting arm swoops after rehab provider goes into admin
Corpore has signed heads of agreement with administrators to acquire some of the assets of rehabilitation provider, Kynixa.
Axa insists it is committed to UK GI despite proposed life sell off
Axa has insisted it remains committed to its UK general insurance and health operations.
Brit confirms details of offer
Brit has confirmed that it received an offer of £10 per share in cash from private equity company Apollo.
Brit Insurance shares up over 20 per cent on private equity approach
Brit Insurance's shares have shot up in value in the first two and a half hours trading this morning to 881 pence.
US insurer in exploratory talks about Quinn takeover
Anglo Irish Bank has held talks with US insurer Liberty Mutual about a possible joint approach to take control of Quinn Insurance it has been reported.
PE house buys 30% stake in Lloyd's broker
NCG Professional Risks, the London based Lloyd’s insurance and reinsurance broker, has today announced that it will receive a £1.4m investment to accelerate its expansion strategy.
CCV acquires again
Cullum Capital Ventures has acquired Hertfordshire-based brokers Humbergrove and Humbergrove UK.
Moorhouse eyes bargains, ditches organic-only plan
Broking group Moorhouse has made a u-turn on its traditional organic growth strategy and is looking to acquire an insurance broker with up to £5m gross written premium.
Cooper Gay closer to IPO after US deal
A successful merger of Cooper Gay and Swett & Crawford to create a $3.5bn (£2.4bn) independent broking giant would give the combined entity the critical mass to become a decent sized public company it has been claimed.
Cooper Gay in merger talks to create $3.5bn independent broking giant
London-based independent wholesale, reinsurance and specialist retail insurance broker Cooper Gay and US wholesale broker Swett & Crawford have confirmed they are in advanced deal discussions to create what they claim would be the world's largest…