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XL Catlin CEO discusses acquisition benefits, speedy transition

By: Mark A. Hofmann

Published May 29, 2015 - 11:08am CST

The CEO of XL Catlin is “delighted” with the state of the combined entity recreated by XL P.L.C.’s $4.28 billion acquisition of Catlin Group Ltd. a month after the deal closed.

Bermuda insurance services firm acquiring legacy captive

By: Jerry Geisel

Published May 28, 2015 - 1:41pm CST

Randall & Quilter Investment Holdings Ltd., a Bermuda-based company that specializes in insurance acquisitions, said it has signed an agreement to acquire IC Insurance Ltd. from indirect owners AstraZeneca U.K. Ltd. and Imperial Chemical Industries Ltd.

European Commission OKs Axis-PartnerRe merger

By: Matthew Lerner

Published May 28, 2015 - 9:37am CST

Axis Capital Holdings Ltd. and PartnerRe Ltd. have received antitrust clearance from the European Commission for their proposed merger, announced Jan. 25.

Bermuda reinsurance platform acquires captive consultant

By: Matthew Lerner

Published May 22, 2015 - 12:20pm CST

Multi-Strat Holdings Ltd., Hamilton, Bermuda, has acquired Annapolis Consulting Group L.L.C., a consultancy providing reinsurance and finality solutions for captive insurers and self-insured corporations.

PartnerRe refocuses on Axis offer after Exor bid stalls

By: Matthew Lerner

Published May 22, 2015 - 10:29am CST

PartnerRe Ltd. on Friday said it would seek shareholder approval for its merger with Axis Capital Holdings Ltd. after its overture to enter discussions with Exor S.p.A. were rebuffed by the Italian investment firm.

Middle-market broker buys condo insurance specialist

By: Matthew Lerner

Published May 21, 2015 - 4:02pm CST

The Hilb Group L.L.C. on Thursday said it has acquired All Lines Insurance Group Inc. of Clearwater, Florida.

CVS to buy pharmacy services provider Omnicare for $10.1 billion

Published May 21, 2015 - 8:41am CST

(Reuters) — CVS Health Corp., the second-largest U.S. drugstore operator, said on Thursday it will buy pharmacy services provider Omnicare Inc. for $10.1 billion to expand in the growing market serving the senior patient population.

PartnerRe to discuss possible merger with Italy's Exor

By: Matthew Lerner

Published May 20, 2015 - 10:26am CST

PartnerRe Ltd. on Wednesday said it will enter discussions with the board of Exor S.p.A. to see if the firms can agree to terms for acquisition by Exor.

AIG expands into multinational benefits

By: Sarah Veysey

Published May 20, 2015 - 9:48am CST

American International Group Inc. on Wednesday said it has acquired a controlling stake in Brussels-based ING Employee Benefits Global Network and renamed it AIG Global Benefits Network.

Anthem CFO says insurer could make 'meaningful' acquisition

Published May 19, 2015 - 11:26am CST

(Reuters) — The financial chief of Anthem Inc., the second-largest U.S. health insurer, said on Tuesday that low interest rates and other conditions make it a good time for an acquisition, adding to speculation about merger activity in the sector.

California broker acquires benefits consulting firm

By: Mark A. Hofmann

Published May 19, 2015 - 9:52am CST

Insurance broker Edgewood Partners Insurance Center has acquired Los Angeles-based employee benefits consulting firm Executive Financial Inc.

Pharmacy benefit manager acquires Medicare compliance unit

By: Sheena Harrison

Published May 18, 2015 - 11:44am CST

Helios, a Memphis, Tennessee-based pharmacy benefit management and settlement services firm, has acquired Ringler Medicare Solutions Inc., a Medicare Secondary Payer compliance unit, the companies announced in a statement.

Towers Watson buys health plan technology firm

By: Jerry Geisel

Published May 12, 2015 - 2:23pm CST

Towers Watson & Co. has acquired Acclaris, a Tampa, Florida-based software provider for accounts, such as health savings accounts and health reimbursement arrangements, linked to consumer-driven health plans.

Exor enriches offer for reinsurer PartnerRe

By: Matthew Lerner

Published May 12, 2015 - 10:54am CST

Italian investment firm Exor S.p.A. on Tuesday said it is raising its all-cash offer to acquire Pembroke, Bermuda, reinsurer PartnerRe Ltd. to $137.50 per share in cash from $130 per share, valuing PartnerRe at $6.8 billion.

Ironshore welcomes bid from Fosun International

By: Matthew Lerner

Published May 10, 2015 - 6:00am CST

Fosun International Ltd.'s acquisition of the rest of specialty insurer Ironshore Inc. would give Ironshore access to capital through a publicly traded parent that wants to expand its insurance operations.

Marsh acquires benefits brokerage for Japanese firms in U.S.

By: Shelby Livingston

Published May 07, 2015 - 3:17pm CST

Marsh L.L.C. has acquired Sumitomo Life Insurance Agency America Inc., the employee benefits brokerage of Osaka, Japan-based Sumitomo Life Insurance Co., Marsh said Thursday.

Boston broker expands into higher education benefits

By: Shelby Livingston

Published May 06, 2015 - 2:28pm CST

Boston-based broker Risk Strategies Co. has acquired Chicago-based employee benefits broker Northwest Comprehensive Inc.

Chicago insurance broker expands Midwest footprint

By: Shelby Livingston

Published May 06, 2015 - 2:02pm CST

Hub International Midwest Ltd., part of Chicago-based Hub International Ltd., on Wednesday said it has acquired Tulsa, Oklahoma-based property/casualty and employee benefits brokerage The Holmes Organisation.

Lower rates hit reinsurer's revenue

By: Stephanie Goldberg

Published May 06, 2015 - 1:44pm CST

Falling catastrophe reinsurance rates led to lower first-quarter 2015 revenue for RenaissanceRe Holdings Ltd., but the reinsurer's senior executives see a bright future resulting from its March acquisition of Platinum Underwriters Holdings Ltd.

Stakes rise in Bermuda reinsurer bidding triangle

By: Matthew Lerner

Published May 04, 2015 - 2:59pm CST

Axis Capital Holdings Ltd. on Monday said it revised its offer for PartnerRe Ltd., adding a special one-time cash dividend of $11.50 per share to its merger offer in response to Exor S.p.A.'s $130-per-share all-cash offer for the reinsurer.

China's Fosun offers $1.8 billion for 80% of U.S. insurer

Published May 04, 2015 - 8:14am CST

(Reuters) — Fosun International Ltd., an investment company controlled by Chinese billionaire Guo Guangchang, said it had offered to buy the 80% it does not already own in U.S. insurer Ironshore Inc. for $1.8 billion.

Gallagher acquires human resources consultant

By: Matt Dunning

Published May 01, 2015 - 2:49pm CST

Arthur J. Gallagher & Co. said Friday that it has acquired Integrated Healthcare Strategies, a Kansas City, Missouri-based human resources consultant.

$4.28 billion merger of XL and Catlin wraps

By: Matthew Lerner and Sarah Veysey

Published May 01, 2015 - 10:16am CST

XL Group P.L.C. has completed its $4.28 billion acquisition of Catlin Group Ltd., Dublin-based XL said Friday.

Axis net income grows on strategy of focus on underwriting profitability

By: Bill Kenealy

Published April 30, 2015 - 5:31pm CST

Employing a strategy designed to emphasize underwriting profitability over growth, Pembroke, Bermuda-based Axis Capital Holdings Ltd. reported an uptick in net income for the first quarter of 2015 on Thursday.

XL optimistic amid dropped quarterly income, possible billion-dollar merger

By: Bill Kenealy

Published April 30, 2015 - 1:59pm CST

Hours away from a transaction closing that will reshape the company, Dublin-based XL Group P.L.C. reported weaker first quarter financial data on Wednesday.

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