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Aetna to buy Humana for $37 billion in largest insurance deal

Published July 03, 2015 - 6:47am CST

(Reuters) — Health insurer Aetna Inc. said it would buy smaller rival Humana Inc. for about $37 billion in cash and stock, in the largest-ever deal in the insurance industry.

Merger mania 2015

Published July 03, 2015 - 6:00am CST

Whether it's to establish global reach, enter new lines of business or to combat overcapacity, the insurance segment has been alive with merger activity in 2015. Just this week, two megamergers took place. Here's a look at what's happening:

Health insurer Centene adds muscle with $6.3 billion deal for rival

Published July 02, 2015 - 1:06pm CST

(Reuters) — U.S. health insurer Centene Corp. will buy smaller rival Health Net Inc. for $6.3 billion, underscoring the health care industry’s rush to bulk up to negotiate better prices with suppliers and hospitals, and attract new customers.

Anthem, Cigna in new round of talks, source says

Published July 02, 2015 - 12:11pm CST

(Reuters) — Health insurer Cigna Corp. has had its first meetings with competitor Anthem Inc. after it rebuffed Anthem's $47 billion merger proposal last month, a person familiar with the matter said on Thursday.

Week in pictures

Published July 02, 2015 - 11:47am CST

Insurance industry consolidation was the main order of the holiday-shortened week. But there was also plenty on the disaster, data breach and Apple fronts for Business Insurance.

Broker continues acquisition streak with another agency buy

By: Donna Mahoney

Published July 02, 2015 - 11:16am CST

Insurance brokerage Alliant Insurance Services Inc., Newport Beach, California, on Thursday said it has expanded its managing general agent practice through the acquisition of New York-based Preferred Concepts L.L.C.

Marsh & McLennan Agency acquires St. Louis broker

By: Donna Mahoney

Published July 01, 2015 - 2:39pm CST

Marsh & McLennan Agency L.L.C., a White Plains, New York-based subsidiary of Marsh L.L.C., on Wednesday said it has acquired St. Louis-based independent insurance broker J.W. Terrill Inc.

Medical professional liability insurer acquires health care consultant

By: Stephanie Goldberg

Published July 01, 2015 - 12:36pm CST

Coverys’ has invested in Archway Health Advisors and now holds an ownership position in the company, the Boston-based medical professional liability insurer said Wednesday.

Analysts laud Ace, Chubb merger; will other insurers reassess?

By: Mark A. Hofmann

Published July 01, 2015 - 12:18pm CST

Ace Ltd.’s proposed $28.3 billion acquisition of Chubb Corp. is good news for both companies, analysts say.

Towers Watson stock price fluctuates after Willis deal

By: Matthew Lerner

Published July 01, 2015 - 12:18pm CST

The stock price of Towers Watson & Co. rebounded a little Wednesday after dipping in the wake of the company's announced merger with Willis Group Holdings P.L.C., a sign that investors could be embracing the logic of the deal, according to analysts.

Workers comp managed care services provider acquires case management firm

By: Stephanie Goldberg

Published July 01, 2015 - 12:15pm CST

Genex Services L.L.C. has acquired Integrated Care Management, a workers compensation and disability case management firm, the Wayne, Pennsylvania-based provider of managed care services said Tuesday.

CEOs tout benefits of Ace buying Chubb

By: Sarah Veysey and Mark A. Hofmann

Published July 01, 2015 - 7:56am CST

Ace Ltd.'s acquisition of property/casualty and specialty insurer Chubb Corp. for $28.3 billion will “make each other better,” Ace Chairman and CEO Evan G. Greenberg said Wednesday.

Broker expands into New England with acquisitions

By: Donna Mahoney

Published June 30, 2015 - 4:58pm CST

Virginia insurance broker The Hilb Group L.L.C. on Tuesday said it has acquired two New England brokers: benefits advisory firm Cornerstone Group and property/casualty and employee benefits broker Gencorp Insurance Group.

High expectations for Willis, Towers Watson merger

By: Mark A. Hofmann & Matthew Lerner

Published June 30, 2015 - 2:49pm CST

Market analysts gave a general thumbs up to the proposed merger of Willis Group Holdings P.L.C. and Towers Watson & Co. announced Tuesday.

By the Numbers: Willis-Towers Watson merger

Published June 30, 2015 - 2:26pm CST

By the end of 2015, Willis Group Holdings P.L.C. will merge with human resources consultancy Towers Watson & Co. to form a company valued at about $18 billion.

Broker expands in Brazil with acquisition

By: Donna Mahoney

Published June 30, 2015 - 11:34am CST

London-based broker Cooper Gay Swett & Crawford's Brazil-based unit, Swett & Crawford Brasil, announced Tuesday it purchased 51% of the shares of broker Casa do Corretor based in the state of Goiás and the Federal District.

Willis, Towers Watson merger expands benefits reach

By: Sarah Veysey

Published June 30, 2015 - 11:31am CST

Willis Group Holdings P.L.C. and Towers Watson & Co.'s proposed $18 billion merger of equals announced Tuesday will benefit both companies, the management of both broker consultants said.

Willis, Towers Watson to merge in all-stock deal

By: Sarah Veysey

Published June 30, 2015 - 7:29am CST

Willis Group Holdings P.L.C. and Towers Watson & Co. have agreed to merge in a deal valued at about $18 billion, the companies announced Tuesday.

Anthem-Cigna merger could bring benefits without boosting premiums

By: Matt Dunning

Published June 25, 2015 - 4:31pm CST

Investment analysts say a potential merger between health insurance giants Anthem Inc. and Cigna Corp. could benefit the combined company’s employer clients with limited negative effects on group health insurance pricing.

Aetna close to buying Humana

Published June 25, 2015 - 2:42pm CST

(Reuters) — U.S. health insurer Aetna Inc. is close to buying rival Humana Inc., and a deal could be signed as early as this weekend, Bloomberg reported, citing people familiar with the matter.

PartnerRe lobbies shareholders to vote for Axis merger

By: Matthew Lerner

Published June 24, 2015 - 12:40pm CST

Reinsurer PartnerRe Ltd. urged shareholders Tuesday to support its planned merger with Axis Capital Holdings Ltd. and reject an all-cash offer from Italy's Exor S.p.A.

Broker acquires private equity benefits consultant

By: Joyce Famakinwa

Published June 24, 2015 - 12:23pm CST

Insurance broker Integro Ltd., New York, on Wednesday said it has acquired Atlanta-based national health benefits consultant Clearview Group Inc.

Anthem takeover of Cigna poses operational, financial risks

By: Matt Dunning

Published June 24, 2015 - 11:38am CST

Investment analysts warned that health insurance giant Anthem Inc.'s proposed acquisition of rival Cigna Corp. could expose the combined company to significant operational and financial risks.

Alliant gets new private equity investment

By: Joyce Famakinwa

Published June 23, 2015 - 1:14pm CST

Private equity firm Stone Point Capital L.L.C. will take a stake in Alliant Insurance Services Inc. supplanting rival investment firm Kohlberg Kravis Roberts & Co. L.P. as the brokerage's largest institutional investor, Alliant announced Tuesday.

Anthem's attempted Cigna takeover leaves rating agencies skeptical

By: Matt Dunning

Published June 23, 2015 - 1:04pm CST

Two major credit rating agencies have warned that a potential merger between health insurance giants Anthem Inc. and Cigna Corp. could expose the combined company to significant financial and integration risks.

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