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Catamaran acquiring rival pharmacy benefit manager

By: Sheena Harrison

Published February 26, 2015 - 1:09pm CST

Pharmacy benefit manager Catamaran Corp. on Thursday said it has agreed to acquire competitor Healthcare Solutions Inc. for $405 million in cash.

Stricter filing rules limit number of M&A lawsuit venues

By: Judy Greenwald

Published February 25, 2015 - 2:49pm CST

Litigation challenging merger and acquisition activity is being filed in fewer courts, says a report released Wednesday.

Lloyd's insurer names new executive following bid

By: Sarah Veysey

Published February 25, 2015 - 10:02am CST

Brit P.L.C. has appointed Matthew Wilson to the newly created role of group deputy CEO, the Lloyd's of London insurer announced Wednesday.

Willis buys stake in Indian brokerage

By: Shelby Livingston

Published February 24, 2015 - 1:52pm CST

Willis Group Holdings P.L.C. announced Tuesday it has agreed to buy a 49% stake in New Delhi-based insurance brokerage Almondz Insurance Brokers Private Ltd.

Integro buys niche broker

By: Shelby Livingston

Published February 20, 2015 - 1:14pm CST

New York-based Integro Ltd. has acquired Mission Viejo, California-based insurance brokerage E&O Professional Risk Management and Insurance Services L.L.C.

A.M. Best expects more reinsurance deals

By: Matthew Lerner

Published February 20, 2015 - 12:16pm CST

Merger and acquisition activity in the global reinsurance sector is likely to continue as competitive pressure persists and the industry remains overcapitalized, A.M. Best & Co. said in a report released Friday.

Lloyd's insurer Brit snapped up for $1.88 billion

Published February 17, 2015 - 9:02am CST

(Reuters) — Fairfax Financial Holdings Ltd., the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit P.L.C. for about $1.88 billion to become one of the top five underwriters on the Lloyd's of London market.

Brokerage buying spree made 2014 a record year for mergers and acquisitions

By: Timothy J. Cunningham and Daniel P. Menzer

Published February 15, 2015 - 6:00am CST

Private equity-backed buyers expanded their ownership of insurance brokerages in 2014, contributing to a record number of announced mergers and acquisitions in the United States and Canada amid strong pricing for sellers.

JLT sells stake in Paris insurance brokerage

By: Shelby Livingston

Published February 13, 2015 - 11:06am CST

Jardine Lloyd Thompson Group P.L.C. has agreed to sell its 26.2% stake in Milestone, the holding company of Paris-based brokerage Siaci St. Honoré, to Paris-based private investment company Ardian.

Rite Aid enters pharmacy benefit business with EnvisionRx buy

Published February 11, 2015 - 10:04am CST

(Reuters) — Drugstore operator Rite Aid Corp. said it would buy pharmacy benefit manager EnvisionRx for about $2 billion, entering the business of administering health plan benefits.

Ex-Gallagher International CEO named to oversee Towergate restructuring

By: Sarah Veysey

Published February 10, 2015 - 10:19am CST

David Ross has been appointed CEO of Sierra Investment Holdings Ltd., the portfolio company set up by private investment firm Highbridge Principal Strategies to invest in London-based brokerage consolidator Towergate Group P.L.C., Highbridge announced Tuesday.

London market consolidation set to continue

By: Sarah Veysey

Published February 10, 2015 - 10:05am CST

The drivers that have led to a spate of mergers and acquisitions in the London insurance market appear set to continue, according to a report by A.M. Best Co. Inc.

Catlin reports profit increase ahead of XL merger

By: Sarah Veysey

Published February 10, 2015 - 10:04am CST

Catlin Group Ltd. Tuesday reported pre-tax profit to $488 million for 2014, a 13% increase over2013 as the Hamilton, Bermuda-based insurer and reinsurer reported improved investment income.

QBE North America launches transactional liability practice

By: Shelby Livingston

Published February 06, 2015 - 4:20pm CST

QBE North America, a unit of Sydney-based QBE Insurance Group Ltd., has created a transactional liability practice to protect directors, officers and companies against financial losses from a merger or acquisition.

Excess capacity driving industry consolidations

By: Judy Greenwald

Published February 06, 2015 - 2:25pm CST

NEW YORK — Excess capacity across the insurance industry could lead to more industry consolidation, but there may be difficult times ahead, industry executives said.

Enstar acquiring insurers covering luxury cars, sports associations

By: Shelby Livingston

Published February 06, 2015 - 11:03am CST

Runoff specialist Enstar Group Ltd. said it has agreed to acquire Brussels-based Nationale Suisse Assurance S.A. from its parent company, Nationale Suisse, for €33.7 million ($38.5 million).

Charles Taylor buys Texas risk management services firm

By: Shelby Livingston

Published February 05, 2015 - 3:05pm CST

Charles Taylor Risk Consulting, a unit of London-based Charles Taylor P.L.C., on Thursday said it has acquired Richardson, Texas-based Cardinal Risk Management Alternatives Inc.

Ace launches transactional risk insurance

By: Shelby Livingston

Published February 05, 2015 - 12:55pm CST

Ace Ltd. has launched three transactional risk insurance products extending protection to buyers and sellers involved in mergers and acquisitions or other transactions.

Axis upbeat about PartnerRe merger in face of lower profit

By: Matthew Lerner

Published February 04, 2015 - 1:03pm CST

Axis Capital Holdings Ltd. on Tuesday reported fourth-quarter net income of $163.7 million, off 4.6% from the prior-year period, as the company stressed market discipline in a difficult environment and touted the advantages of its announced merger with PartnerRe Ltd.

Gallagher continues focus on acquisitions as revenues rise

By: Matthew Lerner

Published February 04, 2015 - 11:45am CST

Arthur J. Gallagher & Co.'s fourth-quarter revenues rose 39.9% to $1.25 billion over the prior-year quarter, and the broker stressed its intentions to continue acquisitions in 2015 on a call with analysts.

Captive manager USA Risk to be acquired by Spencer Capital

By: Mark A. Hofmann

Published February 02, 2015 - 11:30am CST

Spencer Capital Holdings Ltd. on Monday said it has agreed to acquire captive manager USA Risk Group.

British broker enters takeover deal with creditors

Published February 02, 2015 - 9:04am CST

(Reuters) — British insurance broker Towergate Insurance on Monday said it had sold itself to its senior secured creditors, as part of a deal to slash its £1.04 billion ($1.57 billion) debt pile by nearly two-thirds.

Axis Capital, PartnerRe merger creates fifth-largest global reinsurer

By: Matthew Lerner

Published February 01, 2015 - 6:00am CST

The $11 billion merger of Bermuda-based PartnerRe Ltd. and Axis Capital Holdings Ltd. accelerates the trend of offshore reinsurers combining to remain competitive.

Enstar unit buys workers comp insurer Companion

By: Sheena Harrison

Published January 29, 2015 - 11:44am CST

Enstar Group Ltd.’s indirect, wholly owned subsidiary, Sussex Holdings Inc., has acquired Companion Property & Casualty Insurance Co., a property/casualty, specialty and workers compensation insurer, for $218 million.

Willis sells Scottish business to Clark Thomson

By: Mark A. Hofmann

Published January 29, 2015 - 11:04am CST

Clark Thomson Insurance Brokers Ltd. will acquire Willis Group Holdings P.L.C.’s commercial business unit in Scotland, Willis and Clark Thomson announced Thursday.

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