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

 

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

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.

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

Another one for Aston Scott

Aston Scott has swooped on the book and some of the staff of Francis Townsend and Hayward (Insurance Brokers) Limited.  Administrators Grant Thornton were appointed to run Francis Townsend and Hayward (Insurance Brokers) Limited on 21/10/11 - following severe 'losses.'

Careless indeed!

Aston Scott seem to on something of a roll in recent months - having bought Cobra's Caterham operations last month.

The truth on Francis Townsend and Hayward (Insurance Brokers) Limited? We'll have to wait and see where the losses occurred - in a business set up in 1959, merged in 1990 and seemingly with a great reputation.  The website is still up and running though.

A quick look through the appointments of the Careless family indicates that while most businesses have been  dissolved or are in administration Francis Townsend & Hayward (Premium Funding) Ltd is the only one still trading.

Dr John C Mitchell