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Willis, Towers Watson combine forces to face new era

By: Sarah Veysey and Mark A. Hofmann

Published July 05, 2015 - 6:00am CST

Willis Group Holdings P.L.C. and Towers Watson & Co. are betting that a merger of near-equals will set up a broker consultant entity that's greater than the sum of its parts.

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:

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.

Insurance quiz greets backers of Boston’s 2024 Olympics bid

Published June 30, 2015 - 3:04pm CST

Show me the insurance, city officials told proponents of Boston’s bid for the 2024 Olympic Games.

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.

Willis exec jumps ship to rival broker

By: Sarah Veysey

Published June 29, 2015 - 9:16am CST

Steve Hearn has been named global CEO of London-based brokerage Cooper Gay Swett & Crawford Ltd. effective Nov. 2, the company announced Monday.

Life insurer gets Magic touch

Published June 26, 2015 - 9:43am CST

Earvin “Magic” Johnson has added a life insurer to his long list of business slam dunks.

Professional liability coverage rolled out for insurers

By: Joyce Famakinwa

Published June 25, 2015 - 3:07pm CST

Berkshire Hathaway Specialty Insurance has rolled out professional liability coverage for U.S. insurers, their executives and employees.

Equity firm acquires stake in broker Hilb Group

By: Matthew Lerner

Published June 25, 2015 - 2:59pm CST

ABRY Partners, a private equity firm headquartered in Boston, completed an investment in broker The Hilb Group L.L.C. on Wednesday, Hilb said in a statement.

Founder's son named vice chairman of Lockton

By: Joyce Famakinwa

Published June 24, 2015 - 2:16pm CST

Insurance broker Lockton Cos. L.L.C. on Wednesday said it has appointed Ron Lockton, son of late founder Jack Lockton, as vice chairman.

Top London underwriters named

By: Sarah Veysey

Published June 24, 2015 - 9:22am CST

Dominick Hoare, an energy underwriter at Watkins syndicate 457, and Mark Pepper, a reinsurance underwriter at Ascot Underwriting Ltd., have been voted the leading underwriters in the London insurance market.

Commercial property insurance rates could turn downward in 2015

By: Mark A. Hofmann

Published June 23, 2015 - 1:54pm CST

Commercial property/casualty insurers rated by Moody's Investors Service Inc. expect commercial property rates to turn negative this year, according to a survey released Tuesday.

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.

Updated insurance law to bring more clarity to U.K. buyers

By: Sarah Veysey

Published June 21, 2015 - 6:00am CST

LIVERPOOL, England — Updated insurance law will give U.K. buyers greater clarity about their coverage but will create more work for buyers and brokers in presenting risks to underwriters.

Close working relations with Aon Hewitt a boon

By: Judy Greenwald

Published June 21, 2015 - 6:00am CST

AT&T Inc.'s benefits department works closely with Aon Hewitt, said Marty Webb, vice president of benefits.

Insurance agency liable for fraudulent comp premium payments

By: Bill Kenealy

Published June 19, 2015 - 11:41am CST

A New York appellate court has found an insurance agency liable for $220,000 in fraudulent workers compensation premium payments a company paid at the instruction of one of its former agents.

Hilb Group acquires Texas broker

By: Donna Mahoney

Published June 18, 2015 - 1:43pm CST

Virginia-based insurance broker The Hilb Group L.L.C. announced Thursday it has acquired Spring, Texas-based Walker Myers Insurance & Risk Management L.L.C.

Brown & Brown units make acquisitions

By: Joyce Famakinwa

Published June 17, 2015 - 3:38pm CST

Subsidiaries of Brown & Brown Inc. have made acquisitions in Colorado and Massachusetts, the Daytona Beach, Florida-based insurance broker said.

Managing general agencies' premium share growing

By: Judy Greenwald

Published June 17, 2015 - 1:44pm CST

Managing general agencies, with their emphasis on specialization, saw continued growth in 2014, according to a study released Wednesday.

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