Insurance Times rounds up the biggest M&A news stories from 9 to 13 December 2024
Starting off the week, Gallagher announced that it had agreed a major deal to acquire AssuredPartners for just over $12bn (£9.4bn).
Gallagher said that acquiring the broker would add scale to its UK and Ireland arm and expand its retail middle-market property and casualty offerings.
Then, Specialist Risk Group (SRG) revealed that it had purchased R3.
R3 is a broker that provides propositions across the tourism, charity, overseas aid, military and police sectors.
Following this, JMG Group business Butterworth Spengler Brokers acquired Anchor Insurance Services.
Prestatyn-based Anchor works with holiday parks on the North Wales coast, local businesses, as well as property owners based locally and in the surrounding areas.
After that, Broker Lycetts announced that it had expanded its presence in the north east with the acquisition of Cheviot Insurance Services.
Cheviot is based in Newcastle and is known for its “strong local community ties”, Lycetts said.
This week also saw news editor James Cowen discuss why Aviva is so keen on taking over Direct Line Group.
The two firms have reached a preliminary agreement on the financial terms for a potential acquisition.
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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