mergers

LV= has agreed terms with the Teachers Provident Society, which trades as Teachers Assurance to take over the majority of its business, due to be completed in early 2016.

Aviva and Friends Life are to merge in a deal worth £5.6bn.

Ageas has put a strong first quarter down to acquisition of Groupama Insurances, with business results showing a rise in profits.

The Permanent Health Company (PHC) has sought to reassure advisers' and quell concerns that its new five year underwriting deal with Axa PPP will eventually result in a takeover.

The international private medical insurance (IPMI) market could be subject of a series of mergers and acquisitions between providers, according to one insurer in the sector.

The leaders of the British Brokers' Association and the Institute of Insurance Brokers have this morning announced a "momentous" merger agreement in a bid to produce a combined stance on future regulatory changes.

Royal Bank of Scotland (RBS) has been offered £4bn for its insurance arm by private equity group CVC Capital Partners.

Simplyhealth's purchase of Groupama has been delayed due to the volume of work currently being imposed upon the FSA and legal system.

Cigna has reached a deal to buy protection and travel insurance provider FirstAssist with the aim of growing its UK presence.

Following a dive in its share value, Aviva could be exposed to a takeover bid from rival insurer Zurich, reports suggest.