Posts Tagged ‘foreign investment in insurance’

Reich buys Surenet Agency Limited in its second acquisition since June

Comments Off | 08-12-2011

Reich announced it has completed its second acquisition in two months, having just purchased independent insurance broker Surenet Agency Limited.
The second acquisition follows the recent announcement that Reich Insurance has added Bolton broker D. Barnett to its network. This latest move further demonstrates Reich’s commitment to growing its portfolio, both organically and through acquisitions.
Simon Taylor,

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Higos Insurance Services Acquires Crewkerne Broker

Comments Off | 07-15-2011

Higos Insurance Services Ltd has announced further expansion with the acquisition of Vaughan Insurance Brokers in the Somerset market town of Crewkerne.
Vaughan Insurance Brokers has been operating for more than 30 years in the area. A new high street office has opened at 9 Market Square, Crewkerne from where the re-named Vaughan Insurance Services will

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Hanover Insurance Group to acquire Chaucer Holdings PLC

Comments Off | 04-23-2011

The Hanover Insurance Group, Inc. Friday announced the terms of an offer to acquire Chaucer Holdings PLC. Chaucer is a leading specialist Lloyd’s insurance group. Through its in-house syndicates 1084 and 1176, Chaucer underwrites business in all the major insurance classes, encompassing global marine, energy, non-marine and aviation, as well as UK motor and nuclear.
In

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US based insurance data and analytics firm Advisen Ltd acquires UK’s Web Connectivity Limited

Comments Off | 03-29-2011

Advisen Ltd has acquired the UK’s leading provider of messaging products and services for the commercial (re)insurance markets in London and Bermuda, Web Connectivity Ltd. Advisen is a global insurance data and analytics provider based in New York. The terms of the transaction were however not disclosed.
The companies expect their combination to enable them further

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Arthur J. Gallagher & Co to acquire business and certain assets of London based Woodbrook Underwriting Agencies Ltd

Comments Off | 02-27-2011

Arthur J. Gallagher & Co is to acquire the business and certain assets of London based Woodbrook Underwriting Agencies, Ltd. The transaction is expected to close during the first quarter 2011. However, terms of the transaction were not disclosed.
Woodbrook is a Financial Services Authority authorized underwriting agency representing a number of major insurance companies and

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Amlin plc completes acquisition of J R Clare Underwriting Agencies Ltd

Comments Off | 01-27-2011

Amlin Corporate Services Ltd, a wholly owned subsidiary of Amlin plc, Wednesday completed its purchase of J R Clare Underwriting Agencies Ltd (JCUA) from John Clare. JCUA is a managing general agent which sources approximately £30 million of UK household and commercial insurance premium income. Under the terms of the deal, Amlin UK would underwrite

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Qatar Insurance Services acquires London based RI3K, a privately-held web-based insurance and reinsurance trading platform

Comments Off | 11-10-2010

Qatar Insurance Services said it has acquired Reinsurance and Insurance for the 3rd Millennium (R13K), a London based privately held web-based insurance and reinsurance trading platform. Qatar Insurance Services is a Qatar Financial Centre (QFC) based owner of Qatarlyst, and expects the investment to accelerate the development of the QFC as one of the foremost

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Resolution Ltd in bid to acquire Bupa Health Assurance Ltd

Comments Off | 10-16-2010

Resolution Ltd reported Friday it is planning to acquire Bupa Health Assurance Ltd. Resolution Health, based in Guernsey is a life insurance group while Bupa Health Insurance is as well a UK group risk and individual protection unit of private health care firm Bupa. Under the terms of the planned acquisition, Resolution Health will remit

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Indian company TCS has acquired UK based insurance back office firm, Unisys Insurance Limited through its UK based subsidiary Diligenta Limited

Comments Off | 09-7-2010

TCS announced it had successfully acquired Unisys Insurance Ltd; the UK based insurance back office company. The deal will see TCS acquire Unisys Insurance Ltd from Unisys Corporation via its subsidiary in the UK, Diligenta Ltd. From its announcement, TCS made the acquisition aimed at expanding its subsidiary’s presence in the UK market and increasing

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Apollo Management raises offer to £10.75 per share for London Stock exchange listed Brit Insurance

Comments Off | 07-29-2010

In an announcement Wednesday, the London Stock exchange listed insurance firm, Brit Insurance, reported that Apollo Management had upped its offer for the potential take over of the insurer. In the announcement, the insurance revealed that the offer for its take over had been upped to 10.75 pounds per share subsequently pegging the value of

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