UK startup essentials: business insurance explained
Vested
AUGUST 29, 2023
What is business insurance and do I need it? UK startup essentials for entrepreneurs. Learn how to protect your business, its customers and its future.
insurance-uk 
Sidley Leads PE Biz On £450M Investment In UK Motor Insurer
Law 360 M&A
JANUARY 3, 2024
Sidley Austin LLP said Thursday that it is guiding a £450 million ($571 million) investment by U.S. firm Stonepeak in British breakdown cover giant the Automobile Association to fund its growth and innovation.
52 Join 8,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Aviva shares leap on speculation of takeover by foreign buyer
The Guardian M&A
OCTOBER 6, 2023
Rumours of potential swoop by international rivals drives up shares in UK’s biggest insurer Nils Pratley: Aviva no longer needs a rescue Shares in Aviva, the UK’s biggest insurer, jumped after reports that it could be the target of a takeover by a foreign buyer. Continue reading.
66 
Trawick International Acquires Controlling Stake in UK-based Greenlight Insurance
Benzinga
FEBRUARY 14, 2024
a London-based subsidiary of Trawick Holdings , LLC, an industry-leading international insurance company, announced it has entered into a sale and purchase agreement with Greenlight Insurance Services Limited , pursuant to which it agreed to acquire a controlling stake in the firm's issued share capital. MIAMI and LONDON, Feb.
HSBC’s Future Is On The Line
Global Finance
MAY 3, 2023
Ping An Insurance of China, one of the world’s biggest insurers and a major HSBC stakeholder, has been pushing for a break-up of the Group’s Asian and UK operations.
87 
Belgian insurer Ageas considers £3.1bn bid for Direct Line
Financial Times M&A
FEBRUARY 28, 2024
Takeover interest comes after a bruising year for UK motor insurer
80 
UK Insurance Broker Buys Australian Co. For AU$482M
Law 360 M&A
NOVEMBER 23, 2022
insurance brokerage giant Ardonagh Group announced on Wednesday that it will acquire Australia-based insurance investment company Envest Pty Ltd. for AU$482 million ($324.6 million).
52 
Corebridge Financial Divests UK Life Insurance Business To Focus On Core US Portfolio
Benzinga
SEPTEMBER 25, 2023
life insurance business, operating as AIG Life Limited, to Aviva PLC (OTC: AIVAF ) for £460 million in cash. AIG Life is the life insurance subsidiary of Corebridge, which offers financial and practical support for individuals and. Corebridge Financial Inc (NYSE: CRBG ) penned a deal to divest its U.K.
Equity 52
52 
Apollo/PIC: asset and liability harmony matters in M&A too
Financial Times M&A
DECEMBER 14, 2023
Rumoured £5bn for UK insurer would exceed company’s book value
Book Value 75
75 Book Value 75
75 
UK Litigation Roundup: Here's What You Missed In London
Law 360 M&A
JANUARY 19, 2024
The past week in London has seen a bankrupt English local council bring a construction claim against insurer Axis, a Cypriot cheese trade protection body appeal a UK IPO decision granting trademark registration for ‘Grilloumi’, and employees of supermarket giant Morrison’s shop around for compensation in a claim over equal pay.
52 
Shareholder Activist Protection Insurance? Yes, That’s a Thing
John Jenkins
APRIL 27, 2023
Apparently, listed UK companies outside the FTSE 100 can buy shareholder activist protection insurance (SAPI) developed by Volante in conjunction with Marsh in the UK. Hat tip to Michael Levin at TAI for linking to this.
63 
UK Insurance Consolidator Snaps Up 7th Irish Broker
Law 360 M&A
AUGUST 25, 2022
British insurance consolidator PIB Group Ltd. has bought Irish broker Mike Murphy Insurance, making further inroads into the republic as the U.K. deals market begins to cool.
FRP Corporate Finance advises Harwood Private Equity on Vegner sale
Accountancy Today
SEPTEMBER 25, 2023
Its network of companies comprises back-office solutions experts B-Hive Property Solutions; HML, a specialist in the estate and block management sector; independent insurance brokers Alexander Bonhill; and residential management and building surveyors Faraday. This sale represents another landmark deal for the UK property management sector.
Benchmark International Successfully Facilitated the Transaction Between Hargreaves Jones Limited and CCI Group Holdings Limited
Benchmark Report
JULY 21, 2022
CCi, a Rimkus company, is an independent consultancy with an international reputation for expertise in the insurance and construction industries. Operating from over 17 locations worldwide, CCi has a dedicated team of 115 experts helping to resolve some of the world’s largest and most complex insurance claims and construction disputes.
98 What comes next for Microsoft’s $75bn Activision Blizzard deal?
Financial Times M&A
JULY 12, 2023
Plus, the insurer that’s still bullish on debt-laden UK utilities and Japanese companies scout M&A deals in the US
40 
Onex Partners to Acquire Accredited from R&Q Insurance Holdings
Benzinga
OCTOBER 20, 2023
20, 2023 (GLOBE NEWSWIRE) -- Onex Corporation ("Onex") (TSX: ONEX ) today announced that Onex Partners V has agreed to acquire Accredited, the global program management business of R&Q Insurance Holdings ("R&Q"). It is the only dedicated hybrid fronting carrier to provide A- rated insurance capacity in each of the U.S.,
Linklaters Advises Phoenix Group's £248M Sun Life Bid
Law 360 M&A
AUGUST 4, 2022
British retirement business Phoenix Group said Thursday that it plans to snap up Sun Life of Canada UK, a closed-book life insurer, for £248 million ($300 million) in cash from Canadian financial services company Sun Life Financial Inc.
40 
OMERS Private Equity announces agreement to acquire Bionic, a leading provider of essential services to UK SMEs
Benzinga
JULY 20, 2022
LONDON, July 20, 2022 (GLOBE NEWSWIRE) -- OMERS Private Equity today announced the signing of a definitive agreement to acquire Bionic ("Bionic" or "the Company"), a leading provider of essential energy, insurance, finance and connectivity services to UK small-to-medium enterprises (SMEs) from ECI Partners and its founders.
Equity 40
40 
Digital Bank Holidays: Buying Time in a Financial Emergency
Reynolds Holding
MARCH 26, 2024
It has been a year since Silicon Valley Bank failed, and one of the major policy questions that emerged – what to do about deposit insurance? Banking is an industry that needs public confidence to function, and we have become accustomed to relying on confidence-inspiring deposit insurance as our primary bulwark against bank runs.
Banking 59
59 
Weekly Roundup: February 2-8, 2024
Harvard Corporate Governance
FEBRUARY 9, 2024
Turner, Queen’s University Belfast, on Monday, February 5, 2024 Tags: Banks , British , Extended liability , Insurance firms , Limited liability , Shareholder , Shareholder liability , UK , United Kingdom Exxon proxy suit highlights divide between ESG investing and activism Posted by Amy D. Posted by John D. Roy and Robert A.
Alpha 100
100 The Dialogue Between Corporations and Institutional Investors
Reynolds Holding
SEPTEMBER 14, 2023
We add to the existing literature by presenting newly collected data on the shareholdings of the 25 largest institutional investors in each of the Continental European companies included in the Euro Stoxx 50 and the 15 largest UK companies included in the FTSE 100. In terms of nationality, the blocks held by top U.S.
Banking 64
64 
The EU Corporate Sustainability Reporting Directive -what non-EU companies should know
Harvard Corporate Governance
SEPTEMBER 17, 2023
Certain EU SMEs, small and non-complex credit institutions and captive insurance undertakings. We recognise that new sustainability reporting requirements in the EU, US, UK and other jurisdictions are top of the agenda for many institutions. Large EU companies that are not presently subject to the NFRD. How can we help?
Marketability 233
233 Marketability 233
233 
ESG Ready: Unpacking the Latest UK Developments and Guidance
Audit Board
JANUARY 23, 2023
The UK ESG Regulatory Framework: Recent Developments and Upcoming Requirements The UK is certainly at the forefront of ESG although the approach taken has created a somewhat fragmentary framework comprising multiple standalone regulations and laws, many of which draw on EU directives.
Start-ups 52
52 
Proactive news headlines including Medibank, First Graphene, Antipa Minerals and Dundas Minerals
Benzinga
OCTOBER 13, 2022
14, 2022 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: Australian insurance provider Medibank Private Ltd (ASX:MPL) detected unusual activity on its networks on Wednesday, showing characteristics of a potential cyber incident.
Revenue Multiples by Industry in 2024
Equidam
MARCH 25, 2024
Insurance Funds 4.66 Life & Health Insurance 1.06 Multiline Insurance & Brokers 1.17 Property & Casualty Insurance 1.13 UK Investment Trusts 4.66 Insurance Funds 4.66 Life & Health Insurance 1.06 Multiline Insurance & Brokers 1.17 Property & Casualty Insurance 1.13
EBITDA 57
57 Aegon completes transaction with a.s.r.
Benzinga
JULY 3, 2023
The Hague, July 4, 2023 - Aegon today announces the completion of the combination of its Dutch pension, life and non-life insurance, banking, and mortgage origination activities with a.s.r., Its portfolio of businesses includes fully owned subsidiaries in the US, UK and a global asset manager.
Dividends 40
40 
Meta Goes Twitter Way With Layoffs, Twitter Might Want Some People Back After Firing Them, Coal Miners Terminate $6B Combination Discussions: Top Stories Monday, Nov. 07
Benzinga
NOVEMBER 7, 2022
Health insurer Cigna Corp (NYSE: CI ) is expected to invest in the combined company. The database showed that Sberbank sought to recover debt and penalties from Glencore Energy UK Ltd over two agreements worth roughly €58 million each.
Factor House to Accelerate Early-Stage Growth with Lighter Capital Funding
Lighter Capital
JULY 26, 2023
Over his 20+ year global engineering career spanning banking, insurance, and fintech he has developed an innate understanding of the needs of both engineers and enterprises. Factor House, Co-founder and CEO, Derek Troy-West, understands this environment well.
Finance 98
98 
[PARAMETERS UPDATE P5.8] EBITDA MULTIPLES
Equidam
FEBRUARY 16, 2024
8.93 ↓ -32.14% Industrial Machinery & Equipment 14 15.46 ↑ 10.43% Insurance Funds 12.51 9.99 ↓ -18.58% Life & Health Insurance 11.13 9.34 ↓ -11.55% Multiline Insurance & Brokers 8.9 12.15 ↓ -33.42% Property & Casualty Insurance 12.61 9.99 ↓ -18.58% UK Investment Trusts 12.51 34.85 ↑ 178.58% Coal 3.01
EBITDA 57
57 Goldmoney Inc. Announces Third Property Acquisition in the UK
Benzinga
DECEMBER 22, 2023
has completed the acquisition of its third property in the UK. The two buildings serve as the global headquarters for a FTSE 100 Company and are let to the company under a full repairing and insurance lease producing £2.35 million (approximately CAD $4 million) of net rental income per annum.
Finance 40
40 
Weekly Valuations: Caterpillar
Valutico
AUGUST 18, 2021
A Fortune 100 corporation with revenue of $41Bn, the Deerfield, IL firm designs, develops, engineers, manufactures, markets, and sells machinery, engines, financial products, and insurance to customers via a worldwide dealer network. It is the world’s largest construction-equipment manufacturer.
EBITDA 52
52 
Debevoise Discusses What the GDPR Can Tell Us About State Privacy Laws
Reynolds Holding
DECEMBER 18, 2022
In addition to the UK ICO guidance, the European Data Protection Board (the “EDPB”) has issued extensive guidance that might also help companies navigate these concepts under the State Privacy Laws. How long to retain the personal data. In contrast, data processors act on behalf of, and only on the instructions of, the relevant controller.
Banking 45
45 
Can Antitrust Promote Sustainability and Reduce Inequality?
Reynolds Holding
APRIL 4, 2024
In recent years, sustainability guidance has been drafted in the European Union, the Netherlands, the UK, Austria, and Singapore, to name but a few. Competition enforcers around the world are aware of these challenges.
EBITDA Multiples by Industry
Equidam
NOVEMBER 22, 2021
Insurance Funds. Life & Health Insurance. Multiline Insurance & Brokers. Property & Casualty Insurance. UK Investment Trusts. Household Electronics. Household Products. Independent Power Producers. Industrial Conglomerates. Industrial Machinery & Equipment. Integrated Oil & Gas. Pharmaceuticals.
EBITDA 52
52 
ISS Discusses Global Crackdown on ESG Greenwashing
Reynolds Holding
JUNE 21, 2022
The regimes, such as those seen in the EU, UK, Canada and more recently throughout the APAC region, typically address similar issues but take different approaches. UK regulation. Recently updated Canadian fund guidance. It also sets a definition for sustainable investment outside of the EU taxonomy.
US vs UK Private M&A – Two Agreements Divided by a Common Language?
Cooley M&A
OCTOBER 25, 2018
In the UK, an agreement to agree is prima facie not legally binding and unenforceable unless an obligation is sufficiently certain, i.e., if it is possible to ascertain by objective criteria exactly what each party is required to do to comply with the obligation. Such a merger structure does not exist in the UK.
Compliance 40
40 [PARAMETERS UPDATE P5.6] EBITDA MULTIPLES
Equidam
FEBRUARY 8, 2023
14.00 ↓ -18% Insurance Funds 18.31 12.27 ↓ -40% Life & Health Insurance 8.59 10.56 ↓ -26% Multiline Insurance & Brokers 9.33 18.25 ↓ -44% Property & Casualty Insurance 9.57 12.27 ↓ -40% UK Investment Trusts 18.31 14.00 ↓ -18% Insurance Funds 18.31 12.27 ↓ -40% Life & Health Insurance 8.59
EBITDA 40
40 Liberty Resources Acquisition Corp. Announces the Establishment of the M&A Transition Taskforce to Further Support the Business Combination With Caspi Oil Gas LLP
Benzinga
MARCH 30, 2023
Tan Sri Wan Zulkiflee is a Honorary Fellow of the Institution of Chemical Engineers, UK. He was on the Council of ASCOPE, the association of National Oil Companies in ASEAN and was one of the Oil and Gas Governors at the World Economic Forum in Davos. He was also on the Board of ExxonMobil. Congressman and U.S. Navy SEAL combat veteran.
Finance 40
40 
Why did shareholder liability disappear?
Harvard Corporate Governance
FEBRUARY 5, 2024
In the United Kingdom, most banks and insurance firms voluntarily chose to have extended liability, where shareholders could potentially be exposed to payouts which were much greater than the amount that they had invested.
Banking 143
143 
Shearman & Sterling Discusses Personal Liability in UK of Directors for Climate Strategy
Reynolds Holding
MARCH 19, 2023
Whether Directors’ and Officers’ (“D&O”) insurance policies provide protection for direct claims against directors concerning alleged climate-related acts or omissions will depend on the specific policy wording. Comment Toward a General Climate-Related Duty of Care in the UK?
45 
[PARAMETERS UPDATE P5.4] EBITDA MULTIPLES
Equidam
NOVEMBER 22, 2021
Insurance Funds. Life & Health Insurance. Multiline Insurance & Brokers. Property & Casualty Insurance. UK Investment Trusts. Household Products. Independent Power Producers. Industrial Conglomerates. Industrial Machinery & Equipment. Integrated Oil & Gas. Integrated Telecommunications Services.
EBITDA 52
52 
Zapp, a High Performance Two-Wheel Electric Vehicle Company, to Become Publicly Traded via Business Combination with CIIG Capital Partners II
Benzinga
NOVEMBER 22, 2022
publicly-listed blank check company, and Zapp Electric Vehicles Limited ("Zapp" or the "Company"), a UK-based, high-performance two-wheel electric vehicle company, have entered into a definitive business combination agreement. NEW YORK and LONDON, Nov. 22, 2022 (GLOBE NEWSWIRE) -- CIIG Capital Partners II, Inc.
Direct Line shares surge amid takeover speculation
The Guardian M&A
FEBRUARY 28, 2024
Belgian insurer Ageas confirms it is considering £3.1bn offer for troubled British rival Shares in Direct Line have rocketed by more than 20% after a Belgian rival confirmed it was considering a £3.1bn offer to buy the British motor insurer. Continue reading.
62 
Intact Financial Corporation and RSA to acquire Direct Line Insurance Group plc's brokered Commercial Lines operations
Benzinga
SEPTEMBER 6, 2023
06, 2023 (GLOBE NEWSWIRE) -- Intact Financial Corporation (TSX: IFC ) (Intact, IFC or the Company) and its subsidiary RSA today announced that they have reached an agreement with Direct Line Insurance Group plc (Direct Line) to acquire Direct Line's brokered Commercial Lines operations.
Let's personalize your content