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Insurer mega-deals forecast to drop off

By: Judy Greenwald

Published February 04, 2016 - 11:09am CST

NEW YORK — No further mega-deals between major insurers are likely at this point, as buyers who can afford them are in shorter supply, says a securities analyst.

California broker purchases commercial aviation agency

By: Joyce Famakinwa

Published February 03, 2016 - 2:24pm CST

Alliant Insurance Services Inc. on Wednesday said it has acquired Seattle-based John F. Throne & Co.

RenaissanceRe results hit by expenses from Platinum buy

By: Stephanie Goldberg

Published February 03, 2016 - 2:08pm CST

RenaissanceRe Holdings Ltd.’s net income in the fourth quarter of 2015 dropped as it completed its acquisition of fellow Bermuda insurer Platinum Underwriters Holdings Ltd. in the face of abundant capacity, the reinsurer reported.

First of CVS Pharmacies within Target stores open in North Carolina

By: Shelby Livingston

Published February 03, 2016 - 2:08pm CST

CVS Health Corp. and Target Corp. announced Wednesday that the first CVS Pharmacy locations in Target stores are now open in Charlotte, North Carolina.

Chicago insurance broker makes West Coast buy

By: Joyce Famakinwa

Published February 03, 2016 - 1:39pm CST

Hub International Ltd. on Wednesday said it has acquired San Francisco-based Equity Risk Partners Inc.

AIG: Splitting property and life business would hurt shareholders

By: Mark A. Hofmann

Published February 02, 2016 - 11:50am CST

Filing with SEC includes report showing how the loss of "diversification benefits" will hit return on investment.

Aetna profit up despite public health exchange losses

By: Shelby Livingston

Published February 01, 2016 - 1:56pm CST

Even its underwhelming 2015 public health insurance exchange business didn't stop the insurer from boosting its net income by 38.3%.

Private equity buyers drive surge in deals as brokerage acquisitions accelerate

By: Timothy J. Cunningham and Daniel P. Menzer

Published January 31, 2016 - 12:01am CST

Mergers and acquisitions of insurance agents and brokerages in the United States and Canada set fresh records in 2015 in deals pushed by strong valuations and ongoing private equity interest.

Week in pictures

Published January 29, 2016 - 9:38am CST

While the East Coast was buried in snow, AIG and Zurich made moves to dig themselves out. That and more in Business Insurance's week in pictures.

UnitedHealth purchase of Helios will tap workers comp growth areas

By: Sheena Harrison

Published January 28, 2016 - 10:39am CST

The health insurer stands to gain as the acquisition will enable it to expand its offerings in the booming pharmaceutical space.

OptumRx acquires workers comp specialist PBM Helios

By: Sheena Harrison

Published January 27, 2016 - 12:26pm CST

The mergers and acquisitions frenzy continues as UnitedHealth Group's pharmacy benefit management unit buys Helios.

M&A activity hit record in 2015

By: Mark A. Hofmann

Published January 27, 2016 - 11:38am CST

The value of global insurance merger and acquisition activity hit a record high last year, with about $143.5 billion worth of transactions, according to a survey released Wednesday by Willis Towers Watson.

Brown & Brown reports revenue gains for fourth quarter, full-year 2015

By: Matthew Lerner

Published January 26, 2016 - 12:06pm CST

Fourth quarter revenues at Brown & Brown Inc. rose 3.0% to $404.7 million while full-year revenues grew 5.4% to $1.66 billion, the company said in its earnings release Monday after close of trading.

Private equity owner mum on reported sale of fast-growing insurance broker

By: Matthew Lerner

Published January 26, 2016 - 11:47am CST

Genstar L.L.C., the San Francisco-based private equity owner of insurance brokerage Acrisure L.L.C., on Tuesday declined to comment on media reports that it would sell the brokerage.

AIG outlines plan to boost profitability, but bolder action may be required

By: Mark A. Hofmann

Published January 26, 2016 - 8:30am CST

CEO Peter Hancock lays out the insurer's plans to sell off mortgage and other businesses, but is AIG's strategy aggressive enough to satisfy activist investor Carl Icahn and other shareholders?

USI unit acquires wholesale employee benefits brokerage

By: Shelby Livingston

Published January 25, 2016 - 2:17pm CST

USI Insurance Services L.L.C. said Monday that it has acquired Marlton, New Jersey-based employee benefits wholesale brokerage CBDI Inc.

Analyst can't see case for reported AIG mortgage spinoff

By: Matthew Lerner

Published January 25, 2016 - 10:41am CST

"Close to useless" was one analyst's summary of a report that AIG intends to spin off its mortgage insurance unit.

Lloyd's of London insurer expands capacity with acquisition

By: Joyce Famakinwa

Published January 22, 2016 - 12:21pm CST

Lloyd’s of London insurer Helios Underwriting P.L.C. on Friday said it has acquired Devon Underwriting Ltd., a limited liability member of Lloyd’s, for £1.1 million ($1.6 million) in cash.

Global travel risk manager acquired by specialty insurer

By: Joyce Famakinwa

Published January 21, 2016 - 2:58pm CST

Specialty insurer Tokio Marine HCC on Thursday said that it has acquired Salem, New Hampshire-based On Call International L.L.C.

Activist investor renews call for AIG breakup in open letter

By: Mark A. Hofmann

Published January 19, 2016 - 9:38am CST

Investor Carl Icahn hasn't given up on his campaign to get AIG to split into three separate companies.

Willis Towers Watson chiefs share optimistic outlook

By: Matthew Lerner

Published January 17, 2016 - 12:01am CST

Created through a merger of equals, Willis Towers Watson P.L.C. should be well-placed to offer seamless services to commercial buyers looking both property/casualty and benefits products and services, its senior executives say.

Chubb Ltd. debuts on New York Stock Exchange

By: Mark A. Hofmann

Published January 15, 2016 - 10:46am CST

Chubb Ltd., created by Ace Ltd.'s acquisition of Chubb Corp., was the new kid on the block on the New York Stock Exchange on Friday.

Liberty Mutual Insurance acquires Chilean insurer

By: Mark A. Hofmann

Published January 14, 2016 - 2:40pm CST

Liberty Mutual Insurance Co. on Thursday said it has acquired about 99.6% of Compañía de Seguros Generales Penta Security S.A.

Ace, Chubb deal set to close today

By: Mark A. Hofmann

Published January 14, 2016 - 10:15am CST

Barring any unforeseen roadblocks, two of commercial insurance's most significant entities will unite to become one major market player by the end of the day.

Broker Holmes Murphy joins collaborative national network

By: Shelby Livingston

Published January 13, 2016 - 2:15pm CST

Insurance brokerage Holmes Murphy & Associates Inc. will have now have access to C2's preferred insurers, pharmacy benefit managers, and other health and technology providers.

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