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Best puts RenaissanceRe on negative review pending Platinum deal

By: Matthew Lerner

Published November 25, 2014 - 2:31pm CST

Financial ratings agency A.M. Best Co. Inc. has placed certain units of RenaissanceRe Holdings Ltd. under review with negative implications in the wake of its $1.9 billion offer to buy Platinum Underwriters Bermuda Ltd., saying RenRe's move into casualty lines is outside of its core competency.

RenRe acquisition of Platinum may signal trend in soft reinsurance market

By: Matthew Lerner

Published November 24, 2014 - 3:07pm CST

While RenaissanceRe Holdings Ltd.'s $1.9 billion purchase of fellow Bermuda reinsurer Platinum Underwriters Holdings Ltd. will bear specific fruit for the buyer, the deal is being driven at least in part by overall soft market conditions coupled with an abundance of capital — and may portend further deals.

RenaissanceRe to buy Platinum Underwriters for $1.9B

Published November 24, 2014 - 9:56am CST

(Reuters) — RenaissanceRe Holdings Ltd. said it would buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd. for about $1.9 billion to boost its U.S. business.

Competition may lead to more mergers of London market brokers

By: Sarah Veysey

Published November 23, 2014 - 6:00am CST

More mergers and acquisitions among London market insurance brokers are likely if current market conditions persist.

Marsh places $3.5B in transactional risk market in first half of 2014

By: Judy Greenwald

Published November 19, 2014 - 2:31pm CST

A total of $3.5 billion in insured limits was placed in the transactional risk insurance market in the first half of 2014 by Marsh L.L.C., which was a 59% increase over the same period in 2013, the broker said Wednesday.

Brokerage consolidator Towergate reveals acquisition approaches

By: Sarah Veysey

Published November 19, 2014 - 8:51am CST

London-based brokerage consolidator Towergate Partnership Ltd. on Wednesday said it had received approaches from parties interested in acquiring the group and is assessing those offers.

Hamilton Insurance acquiring Lloyd's sports and leisure underwriter and broker

By: Sarah Veysey

Published November 18, 2014 - 10:09am CST

Hamilton Insurance Group Ltd. on Tuesday said it will acquire Sportscover Underwriting Ltd., a Lloyd's of London managing agency, and Kinetic Insurance Brokers Ltd., a Lloyd's broker, from Wild Goose Holdings Pty. Ltd.

York Risk Services acquires New York third-party administrator

By: Sheena Harrison

Published November 17, 2014 - 10:46am CST

Third-party administrator York Risk Services Group Inc. has acquired Mineola, New York-based TPA Risk Management Planning Group.

Hub sells its only Latin American benefits and commercial lines broker

By: Stephanie Goldberg

Published November 14, 2014 - 10:59am CST

Hub International Ltd. has sold Harmonia Corretora de Seguros Ltda., the São Paulo, Brazil-based insurance brokerage it acquired in 2011, to Howden Insurance Brokers Ltd., London-based Howden said Friday.

Marsh & McLennan Agency acquires California brokerage

By: Shelby Livingston

Published November 07, 2014 - 12:47pm CST

Marsh & McLennan Agency L.L.C., a division of Marsh L.L.C., has acquired Irvine, California-based middle-market property/casualty broker NuWest Insurance Services Inc.

Hub International unit buys mid-market broker Fotek

By: Shelby Livingston

Published November 07, 2014 - 10:28am CST

Hub International Northeast Ltd., a subsidiary of insurance brokerage Hub International Ltd., has acquired Wall, New Jersey-based middle-market employee benefits broker Fotek Insurance Agency Inc.

Employee benefits broker Frenkel Benefits buys Moyer Group

By: Shelby Livingston

Published November 05, 2014 - 2:47pm CST

Employee benefits broker Frenkel Benefits L.L.C. has acquired employee benefits firm The Moyer Group Inc.

Managed care services provider Genex buys M Hayes

By: Stephanie Goldberg

Published November 05, 2014 - 10:50am CST

Managed care services provider Genex Services L.L.C. has acquired Hunt Valley, Maryland-based managed care company M Hayes.

Brokerages Hyperion, R.K. Harrison enter merger discussions

By: Sarah Veysey

Published November 05, 2014 - 9:38am CST

London-based independent insurance and reinsurance brokerages Hyperion Insurance Group Ltd. and R.K. Harrison Holdings Ltd. have entered into exclusive merger discussions, the companies announced Wednesday.

Hilb Group acquires North Carolina employee benefits broker

By: Shelby Livingston

Published November 04, 2014 - 3:29pm CST

The Hilb Group L.L.C. has acquired middle market employee benefits broker Lake Norman Benefits Inc.

Aon Benfield acquires broker in Greek, Cypriot markets

By: Matthew Lerner

Published November 04, 2014 - 3:01pm CST

Aon Benfield has acquired Safe Brokers S.A. to strengthen Benfield’s presence in the Greek and Cypriot markets, the company said in a statement Tuesday.

R-T Specialty acquires Tennessee Underwriters

By: Shelby Livingston

Published November 04, 2014 - 1:43pm CST

R-T Specialty L.L.C., the wholesale brokerage unit of Ryan Specialty Group L.L.C., has acquired the assets of excess and surplus lines broker Tennessee Underwriters Inc.

Takeover bid costs, investment declines ding Endurance in third quarter

By: Matthew Lerner

Published November 04, 2014 - 1:23pm CST

Endurance Specialty Holdings Ltd. reported third quarter net income of $68.0 million, 9.5% lower than the same period last year, Endurance said Monday.

Aetna to acquire benefits consultant Bswift for $400M

By: Matt Dunning

Published November 03, 2014 - 2:26pm CST

Aetna Inc. announced on Monday that it will acquire Bswift L.L.C., a privately owned Chicago-based employee benefits consultant and technology provider, for approximately $400 million.

Hub International acquires benefits consultant Laurus Strategies

By: Joanne Wojcik

Published October 29, 2014 - 4:04pm CST

Chicago-based Hub International Midwest, is acquiring the assets of Laurus Strategies, an employee benefits, human resource technology and global benefits consulting business.

Q&A: Robert Dubraski, Dubraski & Associates Insurance Services L.L.C.

Published October 29, 2014 - 1:24pm CST

Robert J. Dubraski is president and CEO of Dubraski & Associates Insurance Services L.L.C. in San Diego, an insurance brokerage that specializes in serving the health care industry across all lines of business. He spoke with Business Insurance Senior Editor Judy Greenwald about risk management issues facing the health care industry. Edited excerpts follow.

HCA to acquire urgent-care provider, sets share buyback

Published October 28, 2014 - 9:50am CST

(Reuters) — HCA Holdings Inc., the largest U.S. hospital operator, on Tuesday announced a deal to acquire a Dallas-based provider of urgent-care services and said its board authorized the repurchase of up to $1 billion of its outstanding shares.

Willis' size, Miller Insurance Services' wholesale expertise aids both brokers in merger

By: Matthew Lerner

Published October 26, 2014 - 6:00am CST

Willis Group Holdings P.L.C.'s plan to take a majority stake in Miller Insurance Services L.L.P. to set up a London-based specialty broker handling wholesale and Lloyd's of London business would take advantage of Willis' scale and Miller's client base.

Humana looks to sell urgent care subsidiary Concentra: Sources

Published October 22, 2014 - 1:56pm CST

(Reuters) — Health insurer Humana Inc. is exploring a sale of its urgent care subsidiary Concentra in a deal that could value it at around $1 billion, according to three people familiar with the matter.

Western World CEO to retire upon takeover by Validus

By: Matthew Lerner

Published October 21, 2014 - 11:05am CST

Thomas Mulligan will retire as president and CEO of Western World Insurance Group Inc. effective Jan. 1, 2015, following the completion of the firm’s acquisition by Validus Holdings Ltd., on Oct. 2, Western World said in a statement Tuesday.

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