Kerry London set for buying spree after capital injection
By Danny Walkinshaw of Insurance Times
Loss of sports and leisure team to a rival last week will not affect profits, chief exec says.
Kerry London is eyeing potential acquisitions after raising cash and renewing its banking facility.
This comes as the broker hit back over staff departures, claiming they would have no impact on the group’s profits.
NMJ acquires Protheroe Insurance
by Gill Montia of Insurance Daily
NMJ Insurance Brokers has acquired Protheroe Insurance, a Derbyshire-based firm set up in the 1930s and operating in Belper since 1968. The company has been acquired from owner, Brian Milward, who is retiring from the business. All other staff are being retained.
Bridle acquires Abbot Insurance
by Richard Kilner of Insurance Times
Bridle Insurance has announced that it has acquired Leicestershire-based Abbot Insurance, a specialist in niche personal lines, beating off stiff competition to acquire the firm. The deal, worth a six figure sum, will substantially bolster Bridle’s personal lines division client base.
Canopius acquires KGM Underwriting Agencies
by Gill Montia of Insurance Daily
Canopius Group has completed its acquisition of KGM Underwriting Agencies, which manages one of only two Lloyd’s syndicates dedicated to writing motor business. Syndicate 260 will write approximately £50 million of premiums for the 2010 year of account and the transaction gives Canopius approximately 60% of capacity.
Bridle embarks upon Welsh expansion
by Richard Kilner of Insurance Daily
Story link: Bridle embarks upon Welsh expansion
Welsh broker Associated Householders Services Limited (aka AHS Insurance) has been acquired by Bridle Insurance.
Bluefin acquires St Albans broker
by Gill Montia of Insurance Daily
Bluefin is acquiring Gilbert Business Insurance Brokers (GBIB). The St Albans-based intermediary has been a member of Bluefin’s network since 2008 and places £2.5 million in premiums annually. The firm will eventually relocate to Bluefin’s Milton Keynes office, with integration taking place over the next twelve months.
