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AIG sells majority stake in managing general agent

By: Joyce Famakinwa

Published August 08, 2016 - 12:07pm CST

The insurer has agreed to sell a controlling stake in NSM Insurance Group to private equity investment firm, ABRY Partners.

Judge sticks with Aetna-Humana merger case, reassigns Anthem-Cigna

By: Shelby Livingston

Published August 05, 2016 - 12:03pm CST

Judge John D. Bates says he'll keep Aetna and Humana's case because it “must proceed" before a merger deadline of Dec. 31.

The BI Top 10

Published August 05, 2016 - 10:23am CST

This week's top stories include a big Hartford acquisition and a list of costly drugs that will be denied coverage by the nation's largest PBM.

AIG uptick

Published August 05, 2016 - 9:30am CST

If the second quarter is any indication, AIG's strategic overhaul is working. That, health care mergers and more top the Business Insurance week in pictures.

Benefits administrators merge to serve broader market

By: Joyce Famakinwa

Published August 04, 2016 - 4:06pm CST

Middle-market benefits administration platform Benefit Express Services L.L.C. said Thursday that it has acquired online benefits enrollment administrator BenefitsConnect.

Broker acquires wholesaler with marine expertise

By: Joyce Famakinwa

Published August 04, 2016 - 2:34pm CST

U.S. Risk L.L.C. has acquired Lodi, California-based Continental Risk Insurance Services.

Judge for U.S. lawsuits to stop health insurer mergers may drop one case

By: Thomson Reuters

Published August 04, 2016 - 2:18pm CST

The judge considering the Aetna/Humana and Anthem/Cigna mergers says it would be difficult to decide both cases by the end of the year.

Managing general agency buys natural resources wholesaler

By: Joyce Famakinwa

Published August 03, 2016 - 2:47pm CST

Totten Insurance Group said Wednesday it has acquired the shares of Canadian Resources Insurance Solutions Inc.

Pending merger costs, public exchanges limit Humana profit

By: Shelby Livingston

Published August 03, 2016 - 11:13am CST

Humana Inc.'s net income dropped 27.8% to $311 million in the second quarter of 2016, as costs related to its pending merger with Aetna Inc. and losses stemming from its public health insurance exchange plans squeezed earnings.

Aetna asks for trial this fall to save proposed merger with Humana

By: Thomson Reuters

Published August 03, 2016 - 9:43am CST

The health insurer joins Anthem in asking a judge to decide on pending health insurer mergers by the end of the year.

Merger-challenged health insurers rethinking public exchanges

By: Shelby Livingston

Published August 02, 2016 - 4:52pm CST

Observers question whether blocking health insurer megamergers could reduce public health insurance exchange competition.

Shareholder lawsuits over big M&A deals drop

By: Judy Greenwald

Published August 02, 2016 - 2:00pm CST

The percentage of merger & acquisition deals valued over $100 million that have been challenged by shareholder litigation dropped below 90% in 2015 and in 2016’s first half for the first time since 2009, says a study.

Lloyd's underwriter ups M&A insurance capacity

By: Joyce Famakinwa

Published August 02, 2016 - 1:06pm CST

ANV Global Services Ltd. on Tuesday said it has increased its Lloyd’s of London underwriting capacity for mergers and acquisitions insurance.

Aetna scraps exchange expansion, sells Medicare Advantage assets

By: Shelby Livingston

Published August 02, 2016 - 11:49am CST

The insurer suffered large losses in health plans sold through public health insurance exchanges.

Gallagher expands in South and West with acquisitions

By: Joyce Famakinwa

Published August 02, 2016 - 11:46am CST

Arthur J. Gallagher & Co. has expanded in the U.S. South and West with a pair of acquisitions.

M&A class action spike could raise D&O rates

By: Judy Greenwald

Published August 01, 2016 - 3:52pm CST

The increase in litigation could simply signal the shift from state to federal courts, according to a Cornerstone Research report.

Gallagher picks up benefits consultant and broker

By: Rob Lenihan

Published August 01, 2016 - 1:48pm CST

Arthur J. Gallagher & Co. said Monday that it has acquired employee benefits consultant and broker Orb Financial Services Ltd. in Surrey, England.

Insurers' counteroffensive touts lower costs, sufficient choice

By: Shelby Livingston

Published July 31, 2016 - 12:01am CST

Immediately following the U.S. Justice Department's July decision to fight the billion-dollar mergers of Anthem Inc. and Cigna Corp., as well as Aetna Inc. and Humana Inc., the insurers launched a counterattack.

Health insurer mergers in jeopardy after suit cites competitive concerns

By: Shelby Livingston

Published July 31, 2016 - 12:01am CST

The Justice Department's strong objections to merging Anthem with Cigna and Aetna with Humana have left significant doubt about either deal being completed.

Cigna remains 'fully committed' to Anthem merger as profit drops

By: Shelby Livingston

Published July 29, 2016 - 11:01am CST

Net income fell 13.9% on weakness in its group life and disability business, as well as costs associated with its planned Anthem deal.

Feds try to put the brakes on speedy Anthem-Cigna decision

By: Shelby Livingston

Published July 29, 2016 - 10:15am CST

Health insurer Anthem Inc., whose planned merger with Cigna Corp. was challenged by the U.S. Department of Justice, is hoping for a quick decision in the antitrust trial, but government attorneys on Thursday urged the federal court overseeing the case not to rush it.

Aetna-Humana on again?

Published July 29, 2016 - 9:02am CST

Business Insurance week in pictures starts off with hope for the Aetna-Humana merger and ends with Han Solo's alter ego.

The BI Top 10

Published July 29, 2016 - 12:01am CST

Executive moves at Marsh L.L.C. and pregnancy bias claims against Brown & Brown are among Business Insurance's 10 most read features.

Gallagher acquires excess and surplus lines broker

By: Joyce Famakinwa

Published July 27, 2016 - 1:05pm CST

The broker has acquired Gabor Insurance Services, including its American Professional Liability Underwriters subsidiary.

Public exchange claims limit profit, but Anthem vows to fight for Cigna merger

By: Shelby Livingston

Published July 27, 2016 - 12:26pm CST

The health insurer says it will continue to fight federal antitrust regulators to bring the planned Cigna deal to a close.

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