Skip to main content
The Competition and Markets Authority has today cleared Aviva’s takeover of Direct Line Group.
The CMA’s inquiry into the deal was launched on 14 May and at the time invited comments from any interested party. The deadline for the CMA to announce its decision whether to refer the merger for a phase 2 investigation was 10 July 2025.
The CMA considered whether, if the transaction goes ahead, the merger could lead to “a substantial lessening of competition within any market or markets in the United Kingdom for goods or services”. It has decided not to proceed with this course of action.
Accept
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
MGA backer Accelerant files for IPO in US
Risk exchange platform and capacity provider Accelerant, a major player in the UK managing general agents market, has revealed plans for an IPO in the US.
Thomas Carroll grows turnover and profit in inaugural EOT year
Thomas Carroll Group boosted turnover by 7.1% to £15.61m in 2024, with profits also rising in its full first year as an employee ownership trust.
Hiscox launches cargo API
Hiscox has launched a cargo application programming interface-based solution, available through broker partners for underwriting small cargo and stock throughput risks.
Ardonagh closes latest $2.5bn investment round
The Ardonagh Group has today completed a $2.5bn (£1.83bn) equity investment led by funds managed by Stone Point Capital, the US-based private equity firm.
Starpeak renews binder with Axa XL’s UK and Lloyd’s business
Digital distributor of specialist insurance products, Starpeak, has renewed its binder arrangement with Axa XL’s UK and Lloyd’s business, marking the 10th year of the partnership.
Ripe tops £20m turnover in 2024
Manchester-based digital managing general agent Ripe grew turnover by 15.7% in 2024 to £20.6m.
French broker opens in the UK as it approaches 180 year anniversary
French insurance broker Filhet-Allard Maritime has expanded into the UK opening a London office.
Cowens looks for growth in challenging market
Mark Wilson, managing director of Cowens, has targeted 15% growth in the next year but highlighted the soft market and wider economy challenges, with acquisitions not ruled out.
Most read articles loading…
Back to Top
You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.
Sign in
You are currently on corporate access.
To use this feature you will need an individual account. If you have one already please sign in.
Sign in.
Alternatively you can request an indvidual account here:
