October 2013/2

The rising value of broking firms is making M&A more difficult and may slow the pace of activity, according to two leading consolidators.

Independent US wholesaler Westrope is being auctioned off and has garnered significant interest from several of its larger rivals, The Insurance Insider can reveal.

David Dale's Syndicate 2525, which is consistently in Lloyd's top decile, is looking to add financial institutions (FI) business to its core employers' liability book for the 2014 year of account, turnkey managing agent Asta said in an auction disclosure.

Last week we held one of our regular London 100 roundtables attended by senior executives drawn from a cross-section of the London market.

Lloyd's appears to have taken a more proactive approach to delivering its Vision 2025 strategy by working to pair up the People's Insurance Company of China (PICC) with an existing managing agent as sponsor of a proposed special purpose syndicate (SPS), The Insurance Insider has learned.