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Medical Health Insurance Mergers Acquisitions News

  • Aon Completes Acquisition Of International Benefits Brokerage Portfolio Of Mayfair Group
    Aon plc (NYSE:AON) has announced it has completed its acquisition of the international health and benefits brokerage portfolio of Mayfair Group, a leading solutions provider to Indian multinational companies. “Mayfair’s expertise with Indian multinational companies and their leading operational platform, combined with Aon’s world class consulting, analytics and placement capabilities will create a powerful value proposition for Indian multinational companies,” said Tim Dwyer, CEO, Aon Health & Benefits Asia Pacific. “We are excited at the opportunity to grow our offering to clients in one of our most important markets”. Mike Chopra, CEO of Mayfair Group commented, “We have been exploring…
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    Written on Wednesday, 10 May 2017 08:54 in iPMI Magazine Mergers Acquisitions News
  • Anthem Files Petition For A Writ Of Certiorari With The U.S. Supreme Court Regarding Acquisition Of Cigna
    Anthem, Inc. has confirmed that it is filing a petition for a writ of certiorari with the United States Supreme Court, seeking review of the U.S. Court of Appeals for the D.C. Circuit’s majority decision that would limit access to high quality affordable care for millions of Americans and deny them more than $2 billion in medical cost savings annually. As Judge Kavanaugh concluded in his dissent, “the record evidence decisively demonstrates that this merger would be beneficial to the employer-customers who obtain insurance services from Anthem and Cigna.” Citing the circuit split over the consideration of efficiencies in merger…
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    Written on Saturday, 06 May 2017 05:48 in iPMI Magazine Mergers Acquisitions News
  • Leading Private Medical Insurance Provider Acquired By Nevada Investments As Palatine Exits
    Palatine Private Equity has agreed a sale of Chase Templeton, a leading provider of private medical insurance, to Nevada Investments, the investment vehicle set up by HPS Investment Partners and Madison Dearborn Partners. The acquisition is subject to regulatory approval and customary conditions to completion. The move will see previous backer Palatine exit the fast-growing private medical insurance broking business in which it invested in 2013. Since then Chase Templeton has enjoyed rapid growth as it pursued a “buy and build” strategy which saw it complete over 75 acquisitions and grow its in force annual premium income from approximately £90m…
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    Written on Thursday, 04 May 2017 08:50 in iPMI Magazine Mergers Acquisitions News
  • Aviva Acquires Entire Shareholding In Vietnam JV
    Aviva plc has announced the acquisition of VietinBank’s entire 50% shareholding in its life insurance joint venture VietinBank Aviva Life Insurance Limited and signing of a new distribution agreement with VietinBank to sell life and health insurance products through VietinBank’s network of over 1,100 branches, the second-largest in the market. Chris Wei, Executive Chairman Aviva Asia and Global Chairman of Aviva Digital, said, “With Aviva’s insurance and digital expertise and a strong partnership with a leading bank, we are optimistic about our growth prospects in Vietnam. We have developed a deep and successful relationship with VietinBank and will continue to…
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    Written on Tuesday, 25 April 2017 06:25 in iPMI Magazine Mergers Acquisitions News
  • Hannover Re Acquires Lloyd’s Syndicate
    Hannover Re has reached an agreement to acquire the UK holding company Argenta Holdings plc (“Argenta”), which owns the companies Argenta Syndicate Management and Argenta Private Capital as well as a pro rata share of the Lloyd’s syndicate Argenta Syndicate 2121. The parties have agreed to maintain confidentiality regarding the purchase price. "For some time now we have been interested in a Lloyd’s syndicate with a view to gaining additional access to international and London Market business. We are delighted to have found an ideal partner in Argenta", Ulrich Wallin, Chief Executive Officer of Hannover Re, stated. The syndicate focuses…
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    Written on Friday, 21 April 2017 06:31 in iPMI Magazine Mergers Acquisitions News
  • Global Excel Acquires ChargeCare International
    With this acquisition, Global Excel reinforces its position as a leading supplier of global healthcare risk management solutions. Both organizations feel that the synergies experienced after this fusion will bring benefits on domestic and international levels. Christiane Burniston, Chairman, CEO and founder of ChargeCare International comments, "ChargeCare International has found the ideal partner in Global Excel. We are excited to combine our expertise in cost containment and management of medical claims in Europe with Global Excel's strengths. This is the opportunity we have been looking for to realize our full growth potential and pursue together the development of intelligent integrated…
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    Written on Tuesday, 04 April 2017 06:03 in iPMI Magazine Mergers Acquisitions News
  • SOMPO Holdings Completes Acquisition of Endurance Specialty Holdings
    Further to the announcement made on 5 October 2016, SOMPO Holdings, Inc. ("SOMPO") is pleased to announce that following approval of the applicable regulatory authorities, as well as the satisfaction of other customary closing conditions, it has completed its acquisition of 100% of the outstanding ordinary shares of Endurance Specialty Holdings Ltd. ("Endurance"). The total consideration for the acquisition is US$ 6.3 bn. Endurance's ordinary shares will cease trading following the market close on 28 March 2017. Endurance will be integrated into SOMPO Holdings through the creation of Sompo International, which will be based in Bermuda and will be a…
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    Written on Friday, 31 March 2017 09:04 in iPMI Magazine Mergers Acquisitions News
  • Arthur J. Gallagher & Co. Acquires Nicoud Insurance Services
    iPMI Magazine Insurance Mergers and Acquisitions Breaking News Press Releases: Arthur J. Gallagher & Co. has announced the acquisition of Springfield, Illinois-based Nicoud Insurance Services. "Nicoud Insurance Services is highly regarded for their specialized offerings in such areas as financial institutions and their excellent market relationships," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are delighted to welcome Jim, Tim and their associates to our growing Gallagher family of professionals." Founded in 1985 by Tim and Judy Nicoud Nicoud Insurance Services is a property/casualty broker and employee benefit consultant providing a broad range of coverages and services to…
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    Written on Tuesday, 21 March 2017 05:50 in iPMI Magazine Mergers Acquisitions News
  • GBG Assist Announces Acquisition Of Quality Health Management
    iPMI Magazine Mergers and Acquisitions News: GBG Assist, the in-house Emergency Assistance and Claims Operation of Global Benefits Group has announced the acquisition of Quality Health Management, LLC (QHM), a third-party administrator and cost containment firm, to strengthen its service offerings. Headquartered in Miami Lakes, Florida and founded in 2000, privately held QHM specializes in reducing the cost of medical expenses, offers provider network access in more than 80 countries. QHM provides customized patient assistance, primarily for international patients seeking care in the United States, as well as patients seeking care globally outside of their country of origin. Following this…
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    Written on Friday, 10 March 2017 12:34 in iPMI Magazine Mergers Acquisitions News
  • International Medical Group Acquires ALC Health
    International Medical Group® (IMG®), a leader in global benefits and assistance services, today announced it has acquired UK-based à la carte healthcare limited (ALC Health), an award-winning international medical insurance provider. With clients in more than 140 countries, ALC Health offers flexible and innovative international medical insurance plans to individuals, families and groups worldwide. “ALC Health is a natural expansion fit as IMG continues to grow,” said IMG President and CEO Todd A. Hancock. “This acquisition complements our growth strategy, strengthening IMG’s presence across key markets in Europe and Asia.” The companies’ operations will not be impacted by the acquisition,…
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    Written on Thursday, 02 March 2017 16:19 in iPMI Magazine Mergers Acquisitions News
  • AJG Acquires Ace IRM Insurance Broking Group To Expand Presence In Australia
    AJG recently acquired Ace IRM Insurance Broking Group to expand its presence in Australia. Terms of the deal remained undisclosed. Beenleigh, Queensland-based Ace IRM Insurance is a retail insurance brokerage company that was established in 1981. The company caters to its clients in Australia by providing commercial and personal lines broking services. Ace IRM Insurance is an expert in providing insurance coverage for strata management and veterinary services. It offers its services to the commercial, industrial and hotel/hospitality industries. Ace IRM Insurance boasts solid presence in the key growth areas of south Brisbane and hence, the acquisition is a strategic…
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    Written on Thursday, 02 March 2017 13:26 in iPMI Magazine Mergers Acquisitions News
  • Verisk Analytics, Inc., Acquires Healix Risk Rating
    Verisk Analytics, Inc. has announced the acquisition of Healix Risk Rating. Healix Risk Rating, a subsidiary of Healix International Holdings Limited based the United Kingdom, will become part of ISO, a Verisk Analytics business and a leading source of information about property/casualty insurance risk for more than 45 years. The acquisition will further expand Verisk’s risk assessment offerings for the global insurance industry, providing solutions that are embedded with customer workflows and can help underwrite medical coverage for travelers with greater speed, accuracy, and efficiency. “Travel insurance is part of the global property/casualty insurance market and a line of business…
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    Written on Friday, 17 February 2017 14:09 in iPMI Magazine Mergers Acquisitions News
  • Aetna and Humana Mutually End Merger Agreement
    Aetna (NYSE: AET) and Humana (NYSE: HUM) have mutually ended their merger agreement following a ruling from the United States District Court for the District of Columbia granting a United States Department of Justice request to enjoin the merger. “While we continue to believe that a combined company would create greater value for health care consumers through improved affordability and quality, the current environment makes it too challenging to continue pursuing the transaction,” said Aetna Chairman and CEO Mark T. Bertolini. “We are disappointed to take this course of action after 19 months of planning, but both companies need to…
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    Written on Thursday, 16 February 2017 08:47 in iPMI Magazine Mergers Acquisitions News
  • Cigna Terminates Merger Agreement With Anthem
    Cigna Corporation (NYSE: CI) today announced it has exercised its right to terminate the proposed merger agreement with Anthem, Inc. following the order on February 8, 2017 from the U.S. District Court for the District of Columbia enjoining the transaction. In light of the Court’s ruling, Cigna believes that the transaction cannot and will not achieve regulatory approval and that terminating the agreement is in the best interest of Cigna’s shareholders. To effect this termination, Cigna has filed suit against Anthem in the Delaware Court of Chancery. The suit seeks declaratory judgment that Cigna has lawfully terminated the merger agreement…
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    Written on Thursday, 16 February 2017 08:46 in iPMI Magazine Mergers Acquisitions News
  • International SOS Acquires International Health Solutions From Europ Assistance
    Europ Assistance has sold its International Health Solutions (IHS) affiliate to International SOS. International SOS is acquiring the African medical onsite service business of Europ Assistance, with a presence in countries such as Angola, Chad and Niger. IHS services include medical staffing & medical supply services, as well as clinics at high standards of medical care which complement those of International SOS. IHS clients will be serviced by International SOS in future and benefit from its expertise and scale, the world's leading medical & security services company operating from over 1,000 sites in 92 countries and receive 24 hour access…
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    Written on Wednesday, 18 January 2017 08:39 in iPMI Magazine Mergers Acquisitions News
  • iJET International Announces red24 Acquisition
    iJET® International, Inc., (iJET) has announced the acquisition of red24®, Plc, a UK public company. With the recent acquisition of Aon’s WorldAware® business line in May 2016 and now red24, iJET emerges as a dominant market leader delivering integrated risk management solutions to global organizations faced with managing the growing risks to their people, facilities and operations. “red24 is well aligned with our growth strategy and service offerings, making this acquisition a great win for iJET and red24’s clients,” said Bruce McIndoe, CEO of iJET International. “Maldwyn Worsley-Tonks’ leadership as CEO helped establish red24 as a leading risk management provider…
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    Written on Wednesday, 21 December 2016 08:40 in iPMI Magazine Mergers Acquisitions News
  • Marsh & McLennan Agency Acquires Benefits Resource Group
    Marsh & McLennan Agency LLC (MMA) has announced that it has acquired Benefits Resource Group (BRG), an Independence, Ohio-based employee benefits consulting firm. Terms of the transaction were not disclosed. BRG offers a wide range of medical, life, and disability insurance to midsize employers in Ohio. All of BRG’s employees will join MMA’s Midwest region and will continue to operate out of the firm’s existing office under the leadership of its CEO, Charles Farro, and President, Ross Farro. “Benefits Resource Group’s talented and experienced employee benefits professionals are a welcome addition to MMA’s Midwest region,” said Jeff Lightner, president and…
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    Written on Wednesday, 07 December 2016 13:51 in iPMI Magazine Mergers Acquisitions News
  • Mercer Acquires Sirota Consulting LLC
    Mercer has announced that it has acquired the business of Sirota Consulting LLC (Sirota), a global provider of employee engagement solutions that offers the full breadth of organizational assessments, surveys, technology, and analytics. The acquisition builds upon Mercer’s consulting strength and capabilities in talent management and reinforces its commitment to employee engagement. “Employee engagement is one of the most important human capital issues facing business leaders today, and the acquisition of Sirota strengthens our consulting insights by ensuring our clients have access to leading expertise and data-driven employee survey research programs,” said Ilya Bonic, Mercer President, Career. “With Sirota’s highly…
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    Written on Wednesday, 07 December 2016 13:49 in iPMI Magazine Mergers Acquisitions News
  • JLT Independent Insurance Brokers Acquires Vantage Insurance Brokers
    JLT Independent Insurance Brokers Pvt. Ltd has announced that it has acquired Vantage Insurance Brokers & Risk Advisor Pvt. Ltd’s employee benefits insurance brokerage portfolio in India. Mr. Arvind Laddha, founder of Vantage has been appointed Deputy CEO and, subject to regulatory approval, a Board member of JLT Independent. Mr. Sanjay Radhakrishnan, CEO of JLT Independent, said: “The increase in JLT Group’s stake comes at a time when the Indian Insurance market is growing rapidly. The addition of Vantage’s leading employee benefits insurance brokerage portfolio will open up a host of new services for our clients in India. JLT Independent…
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    Written on Thursday, 01 December 2016 09:32 in iPMI Magazine Mergers Acquisitions News
  • Aon To Acquire Leading Health Benefits Brokerage Firm In Brazil
    Aon has announced it has entered into an agreement to acquire Admix, a leading health and benefits brokerage and solutions firm in Brazil. Financial terms were not disclosed and the acquisition is subject to customary closing conditions and regulatory approval. "The private health insurance market in Brazil has shown steady growth in recent years despite challenging macroeconomic conditions. We expect growth in this sector to accelerate as economic conditions improve and employers continue to look for ways to attract and retain key talent," said John Zern, CEO, Aon Health & Benefits. "Admix complements Aon's existing industry-leading capabilities, more than doubles…
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    Written on Saturday, 26 November 2016 08:03 in iPMI Magazine Mergers Acquisitions News
  • Bupa To Acquire UK's Leading Private Dental Provider
    Bupa announces it has agreed to acquire Oasis Dental Care, the UK’s leading private dental provider, from Bridgepoint, the European private equity group, in a transaction totalling £835 million. The move is a significant milestone in Bupa’s strategy to offer customers high quality dental services. Bupa will become a major dental provider in the UK’s £7.1bn1 dental market, with over 2m customers, over 1,800 clinicians and 420 clinics. Bupa UK Managing Director, David Hynam, said, “There’s strong customer demand for high-quality, value-for-money dental services that are convenient and easy to use. Bupa and Oasis have a shared commitment to putting…
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    Written on Friday, 25 November 2016 07:32 in iPMI Magazine Mergers Acquisitions News
  • AXA To Acquire Aid-Call Limited
    Aid-Call Limited has been operating in the UK for over 35 years. Based in Ashburton, Devon, and employing around 140 people, Aid-Call Limited provides personal alarm services for over 50,000 people throughout the UK. The acquisition, which is subject to FCA approval, will further strengthen and extend AXA’s presence in the UK health and care markets and evidences its commitment to developing trusted propositions that enable older people to maintain their independence, dignity and wellbeing while living in their own homes. Keith Gibbs, Chief Executive, AXA PPP healthcare said, “We are delighted to be acquiring Aid-Call Limited from Age UK…
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    Written on Tuesday, 27 September 2016 05:33 in iPMI Magazine Mergers Acquisitions News
  • TAS Acquires Ukrainian Life Insurance Business From Aegon
    Aegon has entered into an agreement to sell 100% of its shares of Aegon Life Ukraine to TAS Group, and will exit the Ukrainian market. The parties have agreed not to disclose the terms and conditions of the transaction. Subject to customary closing conditions, including regulatory approvals, TAS Group will merge the business of Aegon Life Ukraine with its existing life insurer under the brand TAS Life. The combined operations will form the number two player in the Ukrainian market in life, savings and pensions.
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    Written on Tuesday, 27 September 2016 05:03 in iPMI Magazine Mergers Acquisitions News
  • AXA To Sell Its Romanian Operations To Vienna Insurance Group
    AXA has announced it had entered into an agreement with Vienna Insurance Group to sell its Life & Savings insurance operations in Romania and exit the Romanian market. Under the terms of the agreement, Vienna Insurance Group would acquire 100% of AXA Life Insurance SA1 through its BCR Life and Omniasig entities. The parties agreed not to disclose the terms and conditions of the transaction. Completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals.
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    Written on Thursday, 11 August 2016 08:34 in iPMI Magazine Mergers Acquisitions News
  • Charles Taylor Acquires Medical Assistance Provider CEGA Group
    Charles Taylor plc has announced that it has acquired CEGA Group (CEGA), a specialist provider of technical medical assistance and travel claims management services. The acquisition will enable Charles Taylor to offer new services to its clients and to establish deeper relationships with global insurers. It will strengthen CEGA's position in the UK market and enable CEGA to realise its ambitions to grow in international markets. CEGA is a market-leading provider of medical assistance and travel claims management services to insurers. It provides a high-quality, seamlessly integrated end-to-end service, which combines medical assistance with claims and case management, pre-travel advice,…
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    Written on Wednesday, 27 July 2016 08:02 in iPMI Magazine Mergers Acquisitions News