M&A News: Allianz Buys L&G GI Book, Plus Remaining LV Stake for £820 Million
Britain’s Legal & General Group will sell its general insurance business to a UK subsidiary of Germany’s Allianz for £242m, reports Reuters. Legal & General will [...]
takeover
Insurance Business: Arch Completes on Axiom Underwriting Acquisition
Arch Insurance (UK) Limited, part of Arch Insurance International, has completed the acquisition of Axiom Underwriting, having initially purchased a 60% share in the business [...]
Broker News: SPB Acquires Loyal Insurance Services
SPB UK, subsidiary of affinity insurance specialist SPB Group, is pleased to announce the acquisition of insurtechs Loyal Insurance Services Limited and Square Pound Limited. [...]
Insurance Broker News: ICYMI Round Up for Monday
TOWERGATE SPONSORS AWARDS IN WALES Towergate has been announced as sponsor of the Small Finance Team Award which celebrates outstanding achievement in a team, with the [...]
Broker News: County Buy Out Swinford Insurance Consultants
The County Group has concluded the purchase of Swinford Insurance Consultants Ltd (Swinford), based in Kinver (West Midlands). This is their first deal completed in 2019 [...]
Swinton Brand Name Kept Alive, Following Ardonagh Takeover
The Ardonagh Group, owners of Bishopsgate Insurance. Carole Nash Insurance Consultants, Geo Underwriting, Towergate and more, anoounced the formal completion of the Swinton [...]
M&A News: Trak Global Acquire Intelligent Systems
Trak Global Group (TGG) is to acquire Intelligent Mechatronic Systems Inc (IMS), based near Toronto in Canada and operating globally, for an undisclosed fee. The deal will [...]
Zurich Buys Oak Underwriting from RSA
Zurich UK has reached an agreement to acquire Oak Underwriting plc from RSA Insurance. The agreement will transform Zurich’s scale in the high net-worth sector and [...]