Insurance Times rounds up the biggest M&A stories from 24 to 28 March 2025
Starting off the week, Australian broking network Steadfast Group announced it had rebranded HW Wood after acquiring the UK-based Lloyd’s broker.
The move will see the broker, which provides wholesale, retail and reinsurance propositions to a range of clients, be known as HWS Specialty going forward.
Then, Howden said it had agreed to acquire Barnett Waddingham to create a ”new global force in employee benefits”.
Based in London, Barnett Waddingham is a professional services consultancy across risk, pensions, investment and insurance.
Following this, Berry Palmer and Lyle (BPL) secured investment from private equity firm Preservation Capital Partners.
BPL is a credit and political risk insurance (CPRI) broker that has offices in London, Paris, Singapore, Hong Kong, Dubai and New York.
After that, it was reported that Ardonagh is close to raising as much as £1.9bn ($2.5bn) from investors in a deal that would support its expansion.
According to Bloomberg, which cited sources familiar with the matter, the broker is expected to close a capital-raise this summer in an oversubscribed process.
Rounding off the week, JPM Group, trading as Beam Insurance Solutions, acquired KDH Insurance Brokers.
Based in Bridgnorth, KDH specialises in commercial insurance and has been trading for the last 19 years.
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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