R&Q pushes back shareholder vote deadline as £482mn buyout threshold tantalisingly close
Randall & Quilter (R&Q)’s shareholder vote over its £482mn ($602mn) go-private transaction with Brickell has been adjourned until Wednesday after the deal fell short of the required 75 percent majority approval.
Aviva enters exclusive talks to acquire with Azur’s HNW unit
Aviva has entered into exclusive negotiations with specialist London MGA Azur Underwriting to acquire its high-net-worth (HNW) personal lines business in the UK and Ireland.
High noon for controversial R&Q £482mn take-out offer
Shareholders in London-listed Randall & Quilter (R&Q) will later today vote on the tabled £482mn ($602mn) go-private deal, which will see the firm sold to its largest investor if it is approved by a 75 percent majority of its shareholders.
Alera buys P&C agency West Michigan Insurance
Alera Group has announced the acquisition of property casualty agency West Michigan Insurance, the second deal the private equity-backed broker consolidator has announced this month.
MGA Fusion builds team to launch new online M&A solution for US SMEs
MGA Fusion Specialty has announced the launch of Fusion Americas, a new online M&A insurance offering for SMEs in the US, with managing partner Brian Hayes leading the project.
Starr acquires Thai non-life insurer FPG
Starr Insurance Companies has agreed a deal with FPG Insurance Holdings Limited and local shareholders to purchase the company’s Thai subsidiary FPG Insurance Public Company Limited (FPG Thailand).
AUB CEO declares Tysers deal “exceptionally positive” for Lloyd’s
Lloyd’s and the wider London insurance market will benefit substantially from AUB Group’s £500mn+ (A$880mn) agreed acquisition of Tysers, the CEO of the Australian group has said in an exclusive interview with The Insurer TV.
GRP returns to M&A with swoop for commercial broker Castle Insurance
Global Risk Partners (GRP) has returned to M&A with a deal to buy Castle Insurance Services, its first transaction since the news that the UK consolidator is to be acquired by US retail broker Brown & Brown.
AUB to acquire Tysers in £500mn+ deal
Sydney-headquartered AUB Group has acquired London wholesale broker Tysers in an A$880mn (£500mn) deal.
MGA Fusion builds team to launch new online M&A solution for US SMEs
MGA Fusion Specialty has announced the launch of Fusion Americas, a new online M&A insurance offering for SMEs in the US, with managing partner Brian Hayes leading the project.
Choice racks up sixth acquisition since Northlane investment
Choice Financial Group has acquired Pennsylvania-based Fonner Insurance Associates, its sixth acquisition since it received investment from Northlane Capital Partners in October last year.
Benchimol tells staff “no plans” to sell Axis Re
Axis Capital has told employees that it has no plans to sell its reinsurance business, after it is understood to have ended a short process to explore a potential divestment that showed limited appetite for a stand-alone reinsurance division at a price the Bermudian would find acceptable, The Insurer can ...
Howden Tiger combined revs of $340mn+ will exceed JLT Re; Flexpoint to exit
The proposed combination of Howden Re and TigerRisk will create a reinsurance intermediary with 2022 revenues thought to be significantly in excess of $300mn and above those of JLT Re before it was swept up by Guy Carpenter in 2019, analysis by this publication shows.
If Evercore is correct, Ascot’s owners may be mad to sell now…
Lloyd’s/US/Bermuda carrier Ascot is a high-class operation and has been ever since Hank Greenberg was persuaded to back its launch 20 years ago – a move that saw an AIG at its omnipotent pomp enter Lloyd’s for the first time.