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Humana shifts away from occupational injury care with Concentra sale

By: Stephanie Goldberg

Published March 26, 2015 - 8:56am CST

Humana Inc.'s $1 billion sale of occupational health and physical therapy unit Concentra Inc. apparently marks the health care insurer's exit from the workers compensation field.

Brown & Brown of New York acquires multiline broker

By: Shelby Livingston

Published March 25, 2015 - 2:43pm CST

Brown & Brown of New York Inc., a Rochester, New York-based subsidiary of Brown & Brown Inc., has acquired Mahopac, New York-based multiline insurance broker Spain Agency Inc.

Cross Insurance acquires independent agency

By: Shelby Livingston

Published March 23, 2015 - 2:21pm CST

Cross Insurance, a unit of Cross Financial Corp., on Monday announced it has acquired Wellesley, Massachusetts-based independent insurance agency Corcoran & Havlin Insurance Group.

Humana to sell Concentra medical center unit for $1 billion

Published March 23, 2015 - 9:40am CST

(Reuters) — Health insurer Humana Inc. said on Monday that it would sell its Concentra urgent care and physical therapy services unit for about $1 billion to private equity firm Welsh, Carson, Anderson & Stowe and Select Medical Holdings Corp.

Corporate mergers yield rise in expensive D&O settlements

By: Judy Greenwald

Published March 17, 2015 - 12:15pm CST

Litigation stemming from mergers and acquisitions is an increasing problem for corporations and their directors and officers liability insurers.

Last-minute CEO switch after merger costs company $146 million

By: Judy Greenwald

Published March 12, 2015 - 2:48pm CST

Duke Energy Corp. has agreed to pay $146.3 million to settle securities class action litigation over the issue of the last-minute switch of the company's top executive following a merger.

Integro acquires specialty professional liability broker

By: Shelby Livingston

Published March 11, 2015 - 3:10pm CST

New York-based broker Integro Ltd. has acquired New York-based specialist broker Design Insurance Agency Inc.

Insurance merger deals expected to accelerate

By: Mark A. Hofmann

Published March 10, 2015 - 11:10am CST

Insurance merger and acquisition activity should continue to speed up this year, according to a report issued Tuesday by Deloitte L.L.P.

XL and Catlin choose reinsurance leaders for combined company

By: Sarah Veysey

Published March 10, 2015 - 10:13am CST

The reinsurance operations of the combined XL Catlin will be led by Charles Cooper in Bermuda, Jonathan Gale in London and John Welch in North America once the companies merge later this year, Business Insurance has learned.

Sompo Japan to buy 7.8% stake in French reinsurer Scor

Published March 06, 2015 - 10:19am CST

(Reuters) — Property/casualty insurer Sompo Japan Nipponkoa Holdings Inc. said on Friday it has agreed to acquire a 7.8% stake in French reinsurer Scor S.E. and plans to raise it to at least 15%.

Vanbridge expands offerings with two acquisitions

By: Shelby Livingston

Published March 04, 2015 - 2:48pm CST

Insurance broker Vanbridge L.L.C. has agreed to acquire Boston-based Alan Gray Inc. and Deerfield Beach, Florida-based Universal Insurance Services.

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.

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