InsureTech

Deals: Sapiens Acquires Tia Technology

Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it has entered into a definitive agreement to acquire Tia Technology, a leading vendor of […]

Business

New Ardonagh Funding Sees Two New Deals, More to Come?

Updated: 26.06.2020; Further to its 22 June 2020 announcement, The Ardonagh Group (“the Group”) announces that on 25 June 2020 it priced the offering of $500 million in aggregate principal amount of Ardonagh Midco 2 […]

Insurance Brokers

Deals: Nexus Group Buys Howden UK’s Trade Credit Book

Insurance intermediary holding company Nexus Group (“Nexus”) today announces that its independent broking arm, Xenia Broking Group (“Xenia”), has entered into an agreement to acquire the trade credit business of Howden UK Group Limited (“Howden”), […]

Insurance Brokers

UK Insurance Broker News: GRP Still Buying Brokerages

Here’s news on the latest GRP acquisition; GRP’s Sagar Insurance [Sagars] has acquired Anderson Ashcroft Insurance Brokers Ltd, a Preston-based commercial insurance broker. John Meadows, chief executive of Sagars, confirmed the purchase of the business […]

Insurance Brokers

Broker News: Greens/GRP Acquires Manor Insurance Services

Green Insurance Group [Greens], the South Eastern hub broker for Global Risk Partners [GRP], has acquired 100% of the share capital of Manor Insurance Services [Manor]. Manor is a retail broker based in Hastings, East […]

Business

Mergers & Acquisitions: Where Is Insurance Sector Headed in 2020?

The volume of mergers and acquisitions (M&A) in the insurance sector increased 10% in 2019 with 419 deals completed worldwide, up from 382 in 2018. Activity was driven by an exceptionally strong first half of the […]

Insurance Brokers

Deals: Towergate Buys Swansea Based Tony Nakonecznyj Brokerage

One of the UK’s leading independent insurance brokers, Towergate Insurance Brokers, has acquired the business of local Swansea-based broker, Tony Nakonecznyj Insurance Brokers, in a bid to boost its offering in the Swansea area. Tony […]