Insurance Times rounds up the biggest M&A news stories from 17 to 21 February 2025
Starting off the week, PIB Group said it had acquired flats and apartment insurance specialist Residentsline.
Owned by managing director Belinda Bagnall, the family business is based in Wolverhampton and employs 30 people.
Then, JMG Group revealed it was in “advanced negotiations” with several organisations as it looks to make more acquisitions in 2025.
The broker has made over 40 acquisitions since 2020, when the group was formed after JM Glendinning underwent a management buyout.
Following this, Howden acquired two specialist aviation brokers, rebranded them as Howden and merged them to create a new aviation division in the UK.
The global broker has purchased Leicestershire-based Forbes Insurance and bought the book of business from Hill Aviation Insurance Services, which is based in North Yorkshire.
After that, Norwegian-German insurance venture Marine Alliance acquired London-based Speedwell Insurance Brokers to expand its global presence.
Speedwell has been an authorised Lloyd’s broker since 2014 and specialises in maritime products. It also offers a range of other propositions, including for property, aviation and concert cancellation.
Rounding off the week, US consolidator Bishop Street Underwriters, which is part of RedBird Capital Partners, completed its acquisition of London-based MGA Landmark Underwriting.
The deal, which was first announced in November 2024, marks Bishop Street’s first investment outside North America and forms part of its global expansion.
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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