Insurance Brokers

Deals: Xenia to Acquire Trade Credit Arm From LSA

Lots of deals news today, here’s the latest from Xenia; Xenia Broking Group Limited (“XBGL”) announces today that it has agreed to acquire the trade credit insurance business of Linda Scott Associates Limited (“LSA”). The […]

News

Ardonagh Results: Income Up 34%, £795m Liquidity

The Ardonagh Group (‘Ardonagh’ or ‘Group’) announces its results for the nine months ended 30 September 2022. Income rose by 34% to £905 million ($1.2 billion) and Adjusted EBITDA by 20% to £286 million ($366 […]

News

Deals: Recapital & Montague Complete on UKG Acquisition

Rcapital Partners LLP (Rcapital), and joint investor Montague Investment Group (Montague) have completed the acquisition of UK General Insurance Ltd (UKG) and Precision Partnership Limited (PPL), following regulatory approval. The deal, which was first announced […]

Global insurance trends

Deals: Gradient AI Buys Prognos Health Underwriting Unit

Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, has announced that it has acquired Prognos Health’s analytics business underwriting unit to leverage data from the company’s large collection of […]

Global insurance trends

Latest M&A Activity Report From WTW

Global mergers and acquisitions (M&A) performance bounced back in the third quarter of this year, according to research on completed deals from WTW’s Quarterly Deal Performance Monitor (QDPM). Based on share price performance, buyers outclassed the wider market by +3.9pp […]

News

Deals: Acrisure Buys CRK Commercial Insurance Services

Acrisure, a fintech leader that operates a top-10 global insurance broker, today announced its acquisition of CRK Commercial Insurance Services Limited, the specialist commercial schemes provider. The deal is expected to close at the start […]