Thursday, 17/1/2019 | : : UTC-5
Insurance Breaking News | Home & Auto Insurance
  • Aston Lark confirms bankers appointed
    Aston Lark confirms bankers appointed

    The enterprise, at present funded by Bowmark Capital, is in search of further funding to safe its long run acquisition pipeline. Aston Lark Group CEO Peter Blanc has confirmed that the dealer has employed Macquarie and Livingstone to assist generate extra personal fairness funding within the enterprise. Insurance coverage Insider reported at this time (eight […]

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  • Acturis set to hunt new minority PE investor
    Acturis set to hunt new minority PE investor

    Summit Companions invested in June 2010. Software program home Acturis is preparing for the departure of minority personal fairness backer Summit Companions, Insurance coverage Age can reveal. “We’re contemplating choices to switch Summit however there’s nothing quick within the window,” stated co-founder and co-CEO Theo Duchen. Summit invested in Acturis in June 2010 and Duchen […]

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  • Coversure poised to start out M&A exercise
    Coversure poised to start out M&A exercise

    Bob Darling says natural progress continues as demand for recommendation stays robust. Coversure chief government Bob Darling has revealed that the franchise agency is poised to roll out its shopping for programme for branches. The enterprise was purchased out in an MBO by personal fairness Livingbridge in Might final yr. The deal that got here with […]

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  • Inflexion takes minority stake in Granite Underwriting
    Inflexion takes minority stake in Granite Underwriting

    Granite, which sits behind Acorn Insurance coverage, specialises in area of interest motor cowl. Bollington Wilson-backers Inflexion Personal Fairness has purchased a minority stake in motor specialist Granite Underwriting by way of its funding fund Partnership Capital Fund. The enterprise will proceed to be run by the prevailing administration group led by founding shareholders Alan […]

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  • Income and turnover slip at Abbey in 2018
    Income and turnover slip at Abbey in 2018

    Last set of accounts earlier than takeover by personal fairness. Carrickfergus-headquartered Abbey Insurance coverage Brokers has reported turnover of £19.33m with revenue after tax of £1.07m for the yr ended 31 March 2018. Each figures have been down on 2017, by 5% for turnover and by 34% for post-tax revenue. The outcomes represented the ultimate […]

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  • Abbey house owners Status purchase Autoline
    Abbey house owners Status purchase Autoline

    Status Insurance coverage Holdings has agreed to purchase Autoline Insurance coverage for an undisclosed sum. Earlier this yr US-based personal fairness agency Capital Z took a 65% stake in Status, the proprietor of Carrickfergus-headquartered Abbey Insurance coverage. Following on from this Status has now, topic to regulatory approval, snapped up all of Newry-headquartered Autoline. Each […]

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  • Weblog: The M&A practice – Insurance coverage Age
    Weblog: The M&A practice – Insurance coverage Age

    Darren Murphy explores how giant M&A within the dealer sector filters down into the areas. The insurance coverage brokerage sector has seen a number of high-profile, multi-billion greenback M&A transactions within the final 24 months. However do these massive ticket M&A transactions have any relevance to the house owners of smaller specialist brokers? The reply […]

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  • Miles Smith backers purchase The Underwriting Trade and LIME
    Miles Smith backers purchase The Underwriting Trade and LIME

    Miles Smith and TUE Corporations to maintain personal manufacturers as separate companies in expanded group. Personal fairness home Pollen Road Capital, majority proprietor of Miles Smith Insurance coverage Group, has purchased The Underwriting Trade and sister firm London Eire Market Trade. Pollen Road snapped up a majority stake in Miles Smith final December in a […]

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  • Bollington set to purchase after Wilson merger and natural progress
    Bollington set to purchase after Wilson merger and natural progress

    Paperwork present the Wilson price ticket was £44.9m. Bollington Insurance coverage Brokers achieved an eight% uplift in turnover to £13.8m for the yr ended 31 December 2017, in response to paperwork filed at Corporations Home. Nevertheless post-tax revenue dropped to £811,000 (2016: £1.29m) with the agency citing “vital restructuring prices” with the merger into a […]

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  • No deal on the desk, confirms Mistry
    No deal on the desk, confirms Mistry

    Brokerbility boss says 13 organisations need to discuss shopping for in. Ashwin Mistry, government chairman of Brokerbility and BHIB Insurance coverage Brokers, has quashed rumours of an upcoming sale of the community to non-public fairness. “Why would we not be within the line of sight of various individuals?” he questioned. “We’ve had a number of […]

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  • Deal for Abbey house owners Status completes with Capital Z taking 65% share
    Deal for Abbey house owners Status completes with Capital Z taking 65% share

    Former LV boss Phil Bunker will chair the board as George Storey retires. US-based personal fairness agency Capital Z has accomplished the deal to take a 65% stake in Status Insurance coverage Holdings, the proprietor of Abbey Insurance coverage in Northern Eire. It additionally revealed that firm founder George Storey will retire however stay on the board […]

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  • Brit’s Mark Cloutier to grow to be Aspen CEO
    Brit’s Mark Cloutier to grow to be Aspen CEO

    Transfer follows Apollo’s buy of Aspen. Brit government chairman Mark Cloutier is to step down in December with a view to take up a task with an affiliate of personal fairness agency Apollo International Administration. Cloutier will work as a advisor with a concentrate on the $2.6bn (£2.02bn) acquisition of Bermuda-headquartered Aspen Insurance coverage Holdings […]

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