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Willis offers $594 million for rest of Gras Savoye

By: Matt Lerner

Published April 22, 2015 - 4:18pm CST

Willis Group Holdings P.L.C. has offered approximately €550 million ($594.4 million) to acquire the remaining 70% of French broker Gras Savoye & Cie. that it does not currently own, Willis said Wednesday.

Brown & Brown reports 11% revenue growth

By: Matthew Lerner

Published April 21, 2015 - 1:07pm CST

Brown & Brown Inc. reported first-quarter revenue of $404.3 million, up 11.2% over the first quarter of 2014 amid a 3.8% organic growth rate.

Surprise bid creates reinsurance merger triangle

By: Matthew Lerner

Published April 21, 2015 - 10:25am CST

Exor S.p.A.'s $6.4 billion surprise bid for Bermuda reinsurer PartnerRe Ltd. presents Partner shareholders with a dramatically different alternative to the merger proposed by Axis Capital Holdings Ltd.

Gallagher expands in Latin America

By: Sarah Veysey

Published April 21, 2015 - 9:42am CST

Acquisitive U.S. broker Arthur J. Gallagher & Co. has bought a majority stake in Vina del Mar, Chile-based retail insurance brokerage Bareyre Corredores de Seguros S.A., Gallagher announced Tuesday.

London broker partners with Brazilian network

By: Sarah Veysey

Published April 20, 2015 - 10:03am CST

London-based Cooper Gay Swett and Crawford has entered a partnership with Sao Paolo, Brazil-based broker network GC do Brasil, the wholesale and reinsurance broker said Monday.

Arthur J. Gallagher buys California insurance broker

By: Matthew Lerner

Published April 16, 2015 - 3:06pm CST

Arthur J. Gallagher & Co. has acquired Huntington Beach, California-based Madison Risk & Insurance Services, Gallagher said Thursday.

PartnerRe investor says Exor offer 'superior' to Axis deal

Published April 16, 2015 - 12:33pm CST

(Reuters) — PartnerRe Ltd.'s second-biggest shareholder said Exor S.p.A.'s offer for the Bermuda-based reinsurer was "much superior" to a deal with Axis Capital Holdings Ltd. that was already on the table.

AIG invests in cyber investigation firm

By: Judy Greenwald

Published April 16, 2015 - 12:08pm CST

American International Group Inc. has obtained a minority stake in cyber investigation firm K2 Intelligence with plans to co-develop products and services with the company, the New York-based insurer said.

Agnelli-owned firm launches rival bid for PartnerRe

By: Matthew Lerner

Published April 14, 2015 - 11:45am CST

Italy's Exor S.p.A., a European-listed investment company controlled by the Agnelli family, launched a rival bid for PartnerRe Ltd. valuing the reinsurer at $6.4 billion.

Competitive pressures in reinsurance sector drive mergers and acquisitions

By: Matthew Lerner

Published April 12, 2015 - 6:00am CST

Competitive pressures in the reinsurance sector have again driven a merger among two smaller players striving to remain relevant.

Optum acquires urgent-care company MedExpress

By: Bob Herman, Modern Healthcare

Published April 10, 2015 - 9:19am CST

UnitedHealth Group continued its buying streak, announcing its Optum division bought MedExpress, an operator of urgent-care clinics.

OneBeacon mulls sale, drawing interest from China

Published April 08, 2015 - 10:49am CST

(Reuters) — OneBeacon Insurance Group Ltd, a specialty insurer controlled by White Mountains Insurance Group Ltd, is considering a sale, Bloomberg reported, citing people familiar with the matter.

Merger strengthens youth activity program insurer

By: Shelby Livingston

Published April 08, 2015 - 10:48am CST

The Redwoods Group Inc. and surplus lines insurer Crum & Forster Insurance Co., part of Fairfax Financial Holdings Ltd., have agreed to merge, Redwoods said in a statement.

Willis expands in Mexico through acquisition

By: Shelby Livingston

Published April 07, 2015 - 12:12pm CST

Willis Group Holdings P.L.C. on Tuesday announced it has acquired Guadalajara, Mexico-based brokerage Carsa Consultores Agente de Seguros y de Fianzas S.A. de C.V.

Endurance's Montpelier acquisition expected to strengthen both reinsurers

By: Matthew Lerner

Published April 07, 2015 - 8:57am CST

Endurance Specialty Holdings Ltd.'s $1.83 billion purchase of Montpelier Re Holdings Ltd. will likely benefit both reinsurers, according to analysts.

Insurance broker expands with Idaho acquisition

By: Shelby Livingston

Published April 03, 2015 - 10:19am CST

Newport Beach, California-based broker Alliant Insurance Services Inc. on Friday said it has acquired independent agency North Idaho Insurance L.L.C.

AIG may sell $4 billion stake in aircraft leasing firm

By: Mark A. Hofmann

Published April 01, 2015 - 2:43pm CST

AIG may sell its holding in Dutch aircraft leasing company AerCap Holdings N.V., which could raise up to about $4 billion for the insurer, according to a Securities and Exchange Commission filing by Schipol, Netherlands-based AerCap.

NFP acquires two related property/casualty agencies

By: Shelby Livingston

Published April 01, 2015 - 11:18am CST

New York-based broker NFP Corp. has acquired property/casualty insurance agencies Weber's Insurance Service Inc. and Weber's Assurance Group L.L.C.

Endurance to buy reinsurer Montpelier to add Lloyd's platform

Published March 31, 2015 - 8:38am CST

(Reuters) — Property/casualty insurer Endurance Specialty Holdings Ltd. will buy reinsurer Montpelier Re Holdings Ltd. for about $1.83 billion to expand into the Lloyd's of London underwriting business.

W.R. Berkley to merge two U.S. reinsurer units

By: Shelby Livingston

Published March 30, 2015 - 4:04pm CST

W.R. Berkley Corp. on Monday announced it will merge its two U.S. reinsurance underwriting units, Berkley Re America L.L.C. and Facultative ReSources Inc.

Economies of scale propel reinsurer mergers

By: Sarah Veysey

Published March 30, 2015 - 10:07am CST

More mergers and acquisitions are expected among reinsurers because of underlying pressures of scale affecting the industry, according to analysis by Aon Benfield, the reinsurance brokerage arm of London-based Aon P.L.C.

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.

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