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French insurer sells last U.K. life and savings business

By: Thomson Reuters

Published May 27, 2016 - 10:46am CST

(Reuters) — French insurer Axa S.A. is selling its U.K. investment and pensions business to Phoenix Group Holdings, completing a well-flagged exit from a mature life assurance market to focus on faster-growing emerging economies.

Mergers on rocks?

Published May 27, 2016 - 12:01am CST

Merger mania tops the Business Insurance week in pictures, but there's more.

Cigna deal wins approval from Anthem's home state

By: Shelby Livingston

Published May 26, 2016 - 12:37pm CST

Indiana is the 12th state to approve Anthem's pending $54 billion merger with Cigna.

Sedgwick expands in Europe with acquisition

By: Joyce Famakinwa

Published May 25, 2016 - 12:38pm CST

Sedgwick Claims Management Services Inc. has agreed to buy Irish claims management firm OSG Group.

Missouri says Aetna-Humana merger is anticompetitive

By: Bob Herman, Modern Healthcare

Published May 25, 2016 - 10:43am CST

Missouri insurance officials have issued a preliminary order against the massive merger of Aetna Inc. and Humana Inc.

Disputes at top put Anthem-Cigna merger in doubt

By: Shelby Livingston

Published May 24, 2016 - 3:45pm CST

Letters from executives show nerves are fraying in the $54 billion deal announced last July.

Anthem CEO expects antitrust decision in July

By: Thomson Reuters

Published May 24, 2016 - 11:40am CST

(Reuters) — Anthem Inc. CEO Joseph Swedish said on Tuesday the health insurer was pushing for approval from antitrust regulators reviewing its acquisition of Cigna Corp. and expects to hear a decision in July.

Behind-the-scenes squabbles between Anthem, Cigna

By: Modern Healthcare

Published May 23, 2016 - 9:06am CST

Squabbles have apparently flared up behind the scenes in the proposed $53 billion merger of health insurance giants Anthem Inc. and Cigna Corp.

Gallagher acquires specialty health care industry broker

By: Rob Lenihan

Published May 20, 2016 - 2:23pm CST

Arthur J. Gallagher & Co. has acquired McNeary Inc., a Charlotte, North Carolina-based insurance broker.

Skuld acquisition adds marine business covering 6,000 vessels

By: Joyce Famakinwa

Published May 20, 2016 - 12:47pm CST

Assuranceforeningen Skuld said Friday it has signed a letter of intent to purchase SMA/Gerling Norway.

Lockton acquires benefits consulting firm

By: Joyce Famakinwa

Published May 19, 2016 - 2:04pm CST

Connecticut-based Outland Consultants to work closely with Lockton's employee benefits private equity and corporate acquisitions practice team.

Brokerage acquires benefits consulting specialist

By: Joyce Famakinwa

Published May 17, 2016 - 1:18pm CST

Brokerage The Plexus Groupe L.L.C. on Tuesday said it has acquired Oklahoma City-based Caba Inc.

Aetna, Anthem face shareholder rebuke over political spending

By: Bob Herman, Modern Healthcare

Published May 16, 2016 - 9:24am CST

As Aetna and Anthem face flak over pending mergers, shareholders say they don't divulge the full extent of their political sway.

Fosun among bidders for Singapore-based reinsurer

By: Thomson Reuters

Published May 13, 2016 - 9:01am CST

(Reuters) — China’s Fosun International Ltd. is among suitors bidding for ACR Capital Holdings Pte. Ltd., the owner of Singapore’s biggest reinsurance firm, in a deal valued at around $1 billion, people with knowledge of the matter said.

Aon completes $1.3 billion buy-in deal for its U.K. pension plan

By: Jerry Geisel

Published May 12, 2016 - 2:45pm CST

Pension Insurance Corp. will assume liabilities for Aon's pension plan for U.K. employees and retirees.

Big health insurance mergers rack up millions in legal and banking services

By: Bob Herman, Modern Healthcare

Published May 12, 2016 - 9:51am CST

While regulators and consumers debate the merits of health insurance mergers, income is growing for attorneys and financiers.

First quarter sees 'unstoppable momentum' for agency mergers

By: Rob Lenihan

Published May 11, 2016 - 1:48pm CST

Insurance agency buying and selling hit all-time high in 2016 period with 109 reported transactions.

Insurer acquires workers comp opt-out business

By: Joyce Famakinwa

Published May 10, 2016 - 2:04pm CST

Great American Insurance acquired Service Lloyds Insurance's Texas nonsubscription book of business for an undisclosed amount.

Agents, brokers report strong organic growth in first quarter

By: Rob Lenihan

Published May 10, 2016 - 1:35pm CST

Agent and broker organic revenue growth climbed to 5.1% for the first quarter, up from 4.6% for all of 2015, Atlanta-based Reagan Consulting Inc. said Tuesday, but pricing issues and a slowing economy could hit agency growth rates later this year.

AIG completes sale of broker-dealer unit

By: Mark A. Hofmann

Published May 09, 2016 - 12:23pm CST

American International Group Inc. has completed the sale of its Advisor Group unit to investment funds affiliated with New York-based private equity firm Lightyear Capital L.L.C. and PSP Investments, one of Canada's largest pension investment managers.

Willis Towers Watson boosts revenue, net income; merger costs ‘material’

By: Rob Lenihan

Published May 06, 2016 - 2:08pm CST

Willis Towers Watson P.L.C. on Friday reported its first earnings since merging with Towers Watson & Co., saying its revenue rose 11.0% during the first quarter of this year.

Cigna profit down slightly on merger costs

By: Donna Mahoney

Published May 06, 2016 - 12:09pm CST

The insurer said its first quarter net income dipped due to costs related to its merger with Anthem, which may be delayed until 2017.

Chubb profit down in first quarter on merger costs

By: Gloria Gonzalez

Published May 05, 2016 - 2:50pm CST

Chubb Ltd. reported lower profit in the first quarter of 2016 but said it expects to see higher-than-expected savings from the integration of the former Chubb Corp. and Ace Ltd. operations as it prepares to navigate an increasingly competitive environment.

Arthur J. Gallagher unit acquires captive manager

By: Rob Lenihan

Published May 05, 2016 - 9:45am CST

Artex Risk Solutions, the Bermuda-based captive management unit of Arthur J. Gallagher & Co., said it has acquired Gibraltar-based captive manager Quest Holdings (Gibraltar) Ltd.

France's AXA selling off U.K. life and savings business

By: Mark A. Hofmann

Published May 04, 2016 - 2:06pm CST

AXA S.A. has agreed to sell its Elevate investment platform investment business to Standard Life P.L.C. as part of its strategy of concentrating on property/casualtyand certain other lines of business, AXA announced Wednesday.

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