Thursday, 1 December 2011

RK Harrison Group (RKH) is set to buy Mercury West Associates (MWA)

This is one we missed earlier in the month - announced on 1 November 2011.

Independent (re)insurance broker RK Harrison Group (RKH) is set to buy Mercury West Associates (MWA), the specialist broker for high net worth (HNW) clients.

MWA said it has accepted an offer to be acquired that is subject to regulatory approval.

Personal opinion - MWA managing director Katie Small will need to keep her eye firmly on the ball as RKH are hard taskmasters!

Dr John C Mitchell

 

Clear Insurance has acquired Bryant Kesek


Clear have acquired Bryant Kesek's 4m of gross written premiums with specialist schemes for tree surgeons and forestry contractors, Arborplan, included in the deal.

Howard Lickens, CEO of Clear, said: “It has been a fantastic year for us - we have grown organically by 15%, fully integrated our 2010 acquisitions and Bryant Kesek is our second £4m plus GWP purchase (this year)".

Dr John C Mitchell



Tuesday, 22 November 2011

Miles Smith formalises deals with Parker Norfolk and RLD


 
Amlin backed Miles Smith, has announced the long-awaited deal with RL Davison which we believe has been under discussion for almost a year following the rather sudden and unexpected (!) departure from RLD of Stephen Card last year.  

It has also been announced that Parker Norfolk has now become a wholly owned subsidiary of Miles Smith.
RL Davison has already transferred its UK motor and commercial London market operations to Miles Smith and will operate as RL Davison London Market Broking with the team transferring to Miles Smiths' London office.

RL Davison's international, marine and reinsurance business will remain independent.

The acquisitions take Miles Smith's gross written premium to over £180m and increases headcount to over 150.

Author: Emmanuel Kenning, Insurance Age, 22 Nov 2011

Dr  John C Mitchell

 

Monday, 14 November 2011

Hull based TIP buys Rhodes Wood Risk Services of Wolverhampton

AmWINS to acquire THB Group


London-market broker, THB, has confirmed that AmWINS has declared its intent to acquire 100% of the firm’s share capital at a reported £0.8055 per share.

This has been a long time coming - let's see how it finally plays out!

Dr John C Mitchell

Friday, 11 November 2011

Higos announces purchase of RM Gillingham & Son


IBR Staff Writer Published 11 November 2011
 
UK-based Higos Insurance Services has continued its expansion with the acquisition of Bridport-based broker RM Gillingham & Son.

The deal with RM Gillingham & Son follows the recent acquisitions of Vaughan Insurance Brokers in the Somerset market town of Crewkerne.

Richard Gillingham (MD) said the decision to join with Higos was motivated by shared goals of professionalism, providing the best service to clients with a wider range of competitive products and excellent career opportunities for staff.

As a part of this aqusition, the office will trade as Gillinghams Insurance Services from 1 December 2011.

Tuesday, 8 November 2011

Stackhouse Poland buys Sutton Meears & Co

It has been reported that all business and staff employed at the time of acquisition have transferred to its London office of Stackhouse Poland.

Sutton Meears and Co specialise in commercial and private client business including high net worth, property and SME business.

Stackhouse Poland refinanced in early October with Macquari.


Dr John C Mitchell