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Axis to pull out of retail in Australia, cut 100 jobs

By: Judy Greenwald

Published October 07, 2015 - 2:12pm CST

Pembroke, Bermuda-based Axis Capital Holdings Ltd. said Wednesday that it plans to withdraw from the retail market in Australia and will also cut a total of 100 positions, or about 8% of its work force, primarily in its corporate and select insurance operations.

Arthur J. Gallagher acquires benefits consultant

By: Joyce Famakinwa

Published October 05, 2015 - 2:44pm CST

Arthur J. Gallagher & Co. buys Pewaukee, Wisconsin-based employee benefits consulting firm Burkwald & Associates Inc.

Eastern Michigan nonprofit health insurers to merge

By: Shelby Livingston

Published October 02, 2015 - 5:05pm CST

The merger trend continues as nonprofit health insurers Health Alliance Plan and HealthPlus of Michigan announce their plan to join forces.

Broker acquires pension administration firm

By: Shelby Livingston

Published October 02, 2015 - 12:39pm CST

Insurance broker CBIZ Inc. has acquired Roswell, Georgia-based pension administration services provider Pension Resource Group Inc.

BB&T buys stake in London broker from Willis

By: Matthew Lerner

Published October 02, 2015 - 11:31am CST

Sixteen percent stake in Miller Insurance Services marks BB&T's entree into London market.

Week in pictures

Published October 02, 2015 - 10:59am CST

Typhoons and hurricanes. Zurich shakeup continues and T-Mobile customers face breach risk. This and more in the Business Insurance week in pictures. View the gallery

More changes at Zurich as insurer revamps leadership at general insurance unit

By: Thomson Reuters

Published October 02, 2015 - 8:49am CST

Shakeup continues amid mounting losses from port blast in Tianjin, China, that helped scotch takeover of rival.

FTC OKs Ace's acquisition of Chubb

By: Mark A. Hofmann

Published October 01, 2015 - 2:24pm CST

One down. Shareholder and regulatory hurdles remain before first-quarter closing.

Swiss Re buy expands Australian aviation holdings

By: Donna Mahoney

Published September 30, 2015 - 1:58pm CST

Swiss Re Corporate Solutions Ltd. will acquire Assetinsure Holdings Pty Ltd.’s Australia aviation business, the companies said Wednesday.

New Aetna exec will oversee Humana integration

By: Matt Dunning

Published September 30, 2015 - 1:48pm CST

Former OptumHealth CEO Rick Jelinek has been charged with overseeing Aetna's planned integration with rival health insurer Humana Inc.

Greenberg predicts continued industry consolidation

By: Gloria Gonzalez

Published September 29, 2015 - 3:09pm CST

QUEBEC CITY — The insurance industry's challenges will inevitably force more consolidation, according to Maurice Greenberg, president and CEO of C.V. Starr & Co. Inc., who pledged his company would remain private for as long as possible.

European insurers grow cautious in overseas expansion

By: Sarah Veysey

Published September 28, 2015 - 9:44am CST

European insurers continue to expand their overseas operations in a focused fashion, according to a report by A.M. Best Co. Inc.

Zurich reviews business after pulling out of U.K.buy

By: Sarah Veysey

Published September 27, 2015 - 6:00am CST

Zurich Insurance Group Ltd.'s abandonment of its multibillion-dollar bid for RSA Insurance Group P.L.C. has left some doubt whether there will be another offer for RSA as Zurich works to improve its own recent poor performance.

Merger guessing game

By: Judy Greenwald

Published September 27, 2015 - 6:00am CST

SAN DIEGO — Merger and acquisitions continue to affect the property/casualty market in general and the excess and surplus lines market in particular, raising the question of which companies will be the next to merge.

Week in pictures

Published September 25, 2015 - 11:14am CST

Zurich splits with RSA, VW's smokescreen and more than one bad app top the week in pictures at Business Insurance. View the gallery

Ace's Juan C. Andrade tapped as executive vice president for new Chubb Group

By: Mark A. Hofmann

Published September 25, 2015 - 10:32am CST

Ace Ltd. intends to appoint Juan C. Andrade executive vice president of the new Chubb Group and president of the international nonlife insurance division, effective upon completion of Ace's acquisition of Chubb Corp., Ace announced Friday.

Psychiatrists group warns regulators insurance mergers could hurt care

By: Thomson Reuters

Published September 24, 2015 - 12:27pm CST

(Reuters) — The American Psychiatric Association warned U.S. antitrust regulators this month that two proposed health insurance deals could worsen access to mental health care services, adding to public opposition from several prominent doctor groups.

USI moves into North Carolina with benefits consultant buy

By: Shelby Livingston

Published September 24, 2015 - 10:51am CST

Valhalla, New York-based USI Insurance Services L.L.C. said Thursday it has acquired the employee benefits business of Benefit Controls of the Carolinas Inc.

East Coast dental insurer acquires two units from regional competitor

By: Shelby Livingston

Published September 24, 2015 - 10:41am CST

Alexandria, Virginia-based dental insurer Dominion Dental Services Inc. on Thursday said it is acquiring Boston-based DentaQuest Management Inc. units DentaQuest Mid-Atlantic Inc. and DentaQuest Virginia Inc.

Towers Watson CEO sold stock during Willis deal talks: Report

By: Thomson Reuters

Published September 24, 2015 - 8:24am CST

(Reuters) — Towers Watson & Co. Chief Executive John Haley sold shares in the human resources consultancy for a profit of about $9.7 million while the company was discussing a merger with Willis Group Holdings P.L.C., the Wall Street Journal reported.

Swiss Re unit to buy private life and pension consolidator

By: Shelby Livingston

Published September 23, 2015 - 12:55pm CST

Swiss Re Ltd. on Wednesday said its Admin Re unit will buy Guardian Holdings Europe Ltd., the holding company for Guardian Financial Services, from London-based private equity firm Cinven for 1.6 billion ($2.49 billion).

London insurer invests in New York managing general underwriter

By: Sarah Veysey

Published September 23, 2015 - 10:18am CST

London-based Brit Ltd. has made a strategic investment in New York-based Ambridge Partners L.L.C., a managing general underwriter of transactional insurance, Ambridge Partners announced Wednesday.

Lawmakers express antitrust concerns about insurance mergers

By: Thomson Reuters

Published September 22, 2015 - 2:11pm CST

(Reuters) — Republican and Democratic lawmakers expressed concern about two multibillion-dollar insurance mergers on Tuesday, using a Senate hearing to take issue with the companies' arguments that they face expanding competition from new rivals.

Halted bid puts RSA back in play, Zurich in revamp

By: Sarah Veysey

Published September 22, 2015 - 10:29am CST

Zurich's breakup with RSA a day before the formal proposal deadline opens the door for better scenarios for shareholders of both.

Justice Department makes second request on Aetna/Humana merger

By: Matt Dunning

Published September 21, 2015 - 2:56pm CST

The review of the proposed merger of health insurer rivals Aetna and Humana was to expire Sept. 18, but the Justice Department says it needs more information.

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