Mergers & acquisitions (M&A)
FCA signs off on PIB's £24m Jigsaw buy
The Financial Conduct Authority has approved PIB buying Jigsaw Insurance Services Plc, as the consolidator eyes a significant push into the personal lines market.
Hamilton Fraser makes first buy under GRP ownership
Hamilton Fraser has bought London-based commercial lines broker Edmondsons.
Movo sets £90m target after beating 2022 goal
Movo Partnership grew from 52 appointed representative broker members and £40m of gross written premium in 2021 to 66 members and £68m GWP by the end of 2022.
DR&P buys Lloyd Bolam
DR&P Group has bought Macclesfield-based Lloyd Bolam Insurance Brokers for an undisclosed sum.
Saga in 'exclusive' sale talks with insurtech over Acromas underwriting arm
Over-50s specialist Saga has confirmed that it is in exclusive discussions with Australian insurtech Open to sell its insurance arm Acromas.
Aston Lark strikes deal to buy Allegiance Insure
Howden-owned Aston Lark has agreed terms to buy Allegiance Insure in its first acquisition of 2023.
Opinion: Preparing for sale or acquisition – what brokers need to know to seal the deal
Death, taxes and broker M&A are among the few certainties in life. Here, Rachel Owen, corporate law partner at MLP Law, outlines her top tips to help ensure that any transaction goes smoothly.
Interview: Warren Dickson, Aston Lark
Aston Lark UK retail managing director Warren Dickson says the broker is a different period of expansion with office openings ahead. Navigating the struggling UK economy is also a challenge, but one he is up for.
PIB buys ABI in Italy
PIB Group has moved into the Italian market with its latest buy, expanding its portfolio, which already included offerings in Ireland, Germany, Poland, Spain and the Netherlands.
Stubben Edge raises £5.6m as business valued at £175m
Stubben Edge Group has secured a further £5.6m in investment taking its total raised to over £20m.
Aston Lark eyes widespread regional expansion in next phase of growth
Aston Lark will look at opening branch offices as it seeks to expand its regional footprint across the UK, according to UK retail managing director Warren Dickson.
Alan Boswell buys ARW Wealth Managers
Norwich-headquartered Alan Boswell Group has boosted its financial services offering buying ARW Wealth Managers.
David Howden hails double digit UK organic growth and promises more buys
Howden Group CEO, David Howden, has praised the “very strong” and “across the board” organic growth in the business’ UK “pillars” as he revealed the progress at Aston Lark and A Plan.
Hayes Parsons snaps up PI broker
Hayes Parsons Group has bought Bristol-based professional indemnity specialist Ntegrity Insurance Solutions.
Howden posts 19% organic growth for 2022
International insurance group Howden has reported 19% organic revenue growth for 2022, the year it completed the purchase of Aston Lark.
Gallagher ends 2022 with its highest quarter of UK organic growth
Gallagher has posted organic growth in the UK of 17% for the final quarter of 2022.
Movo buys CCS Insurance
Movo Partnership network has bought CCS Insurance adding £1.8m of gross written premium and three staff to the group.
Tysers reveals 20 new hires and commits to 2023 apprenticeship scheme
Tysers has added more than 20 staff this year, the Lloyd’s broker revealed, as it also confirmed plans to repeat its apprenticeship programme in 2023.
Saga confirms underwriting sale talks
Over 50s-group Saga has confirmed ongoing talks to sell its underwriting business Acromas Insurance.
NFP buys Direct Safety Solutions
NFP has added to its UK portfolio buying West Midlands-based health and safety consultancy Direct Safety Solutions.
Speculation links Ageas Group with a fresh takeover approach
Ageas Group is being eyed as a takeover target according to reports.
People Moves: 16 - 20 January 2023
Keep up to date with the latest personnel moves within the insurance market.
JMG targets doubling in three years
Having hit £200m gross written premium years ahead of schedule, JMG Group is targeting doubling over the next three years, CEO Nick Houghton revealed to Insurance Age.
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Acrisure snaps up Affinity Brokers in Scotland
Acrisure has bought Glasgow-based Affinity Brokers in its 11th deal within the UK market.