Consolidation
SRG buys schemes broker Strategic Insurance Services
Specialist Risk Group has signed up to buy Strategic Insurance Services in the consolidator’s first deal since its new backers were revealed.
Jensten buys Chris Knott Insurance Consultants to bolster South East presence
Jensten has bought Chris Knott Insurance Consultants adding 19 staff and an office in Hastings to the group.
Clear buys credit insurance specialist
The Clear Group has bought the book and assets of Lichfield-based credit insurance specialist Rycroft Associates including Inspire Credit Management.
Welsh broker strikes another deal
Abergavenny-headquartered FR Ball Insurance has acquired Howells Insurance in Llantwit Major.
JMG in double swoop for motor and cleaning specialist brokers
JMG has bought Executive Insurance Services and Gleaming Insurance, in a move it said took the group to £300m in premium.
Brown & Brown expands further in Northern Ireland
Brown & Brown Europe has bought Rollins Insurance Brokers, based in Holywood Northern Ireland.
Lloyd & Whyte 2023 deal totals revealed
Lloyd & Whyte made four acquisitions in 2023 at a cost of £6.5m, as the previous purchase of SEIB helped boost turnover to £47.93m.
London-based MGA incubator acquired by US insurance group
Ambac Financial Group, the US-based insurance holding company, has agreed to acquire a 60% controlling stake in Beat Capital Partners, the specialist insurance underwriting and managing general agent incubator, for $282m (£220.6m).
Seventeen Group strikes two deals
Seventeen Group has bought Wisemans Insurance Services in Ashford and Manchester-based North West Risk Solutions.
Ardonagh buys BP Insurance Brokers
Ardonagh Advisory has bought Lancashire regional and specialist personal lines broker, BP Insurance Brokers.
TL Dallas grows Scottish presence buying Marsh Commercial’s Highlands and Islands business
TL Dallas has signed up to buy Marsh Commercial’s business in the Highlands and Islands of Scotland, with the deal expected to close in August.
AssuredPartners doubles 2024 deal count with latest buys
AssuredPartners has acquired the insurance related assets of Everett Mead and ACG Broking Services, bringing an additional £3m of gross written premium to the broker.
Jensten completes Burbage and Seymour buys
Jensten has completed the purchases of Melville Burbage and Henry Seymour & Co following final regulatory approval.
Markerstudy boss Spencer hails “momentous milestone” as FCA approves Atlanta deal
The merger between Markerstudy and Atlanta, the personal lines broking business of The Ardonagh Group, has been approved by the Financial Conduct Authority.
NSM to buy AllClear owner
NSM Insurance has signed up to buy InsurEvo Group, including AllClear Insurance, InsureandGo and JustCover, from Synova.
SRG looking east for expansion with new backers
Specialist Risk Group is eyeing up buying in Europe and Asia, CEO Warren Downey has confirmed to Insurance Age.
Biba 2024: Pen’s Nick Wright on staying disciplined and kissing frogs
Pen Underwriting’s chief development officer Nick Wright tackles consolidation in the managing general agents market, the risk of disintermediation for brokers, and the opportunities from artificial intelligence.
PCH makes three acquisitions in three months
Premier Choice Healthcare, the health insurance intermediary owned by Brown & Brown, has completed three deals in three months.
Brown & Brown retail CEO Carter exits
The CEO of Brown & Brown’s retail division Duncan Carter has left the business, Insurance Age can reveal.
Specialist Risk Group gets two new backers as HGGC sells up
Private equity house Warburg Pincus and Singapore government-owned investor Temasek have partnered to buy Specialist Risk Group from HGGC.
Biba 2024: Gallagher’s Peter Matthews upbeat on prospects for North West
Gallagher’s area managing director for the North has hailed ongoing organic growth in the North West and improved insurer service as the broking giant eyes up more acquisitions.