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…

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…

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…

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…

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,…

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…

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…

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…

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…

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…

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…

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.