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Medical Health Insurance 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
  • Bupa Completes Share Purchase From Partner Max India
    Bupa and Max India Ltd. announced the completion of the transaction to increase Bupa’s shareholding in their health insurance joint venture Max Bupa from 26% to 49%.The application to increase Bupa’s shareholding was submitted following changes to India’s foreign direct investment (FDI) rules to allow up to 49% ownership of insurance companies by foreign investors. Bupa is one of the first foreign investors in India’s health insurance sector to have its application to increase its shareholding approved by Indian regulatory authorities and complete the transaction with its joint venture partner. Bupa has paid Rs 207 cr (approximately GBP £21.9m) to…
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    Written on Thursday, 23 June 2016 12:06 in iPMI Magazine Mergers Acquisitions News
  • iJET International Announces WorldAware Acquisition
    iJET International, Inc., announces the acquisition of Aon’s WorldAware book of business and the WorldAware brand to further iJET’s strategic efforts to expand globally. Clients will continue to receive the core services of travel tracking, trip briefs and alerts. “We have strategically positioned for growth through acquisition for years. WorldAware was a natural fit both in vision and geographical locations,” said Bruce McIndoe, CEO of iJET International. “We welcome the talented employees who have join the iJET team.” Additional details about this acquisition are forthcoming. 
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    Written on Tuesday, 31 May 2016 15:55 in iPMI Magazine Mergers Acquisitions News
  • Anthem Receives Approval For Cigna Acquisition From Indiana Department Of Insurance
    Anthem, Inc. has announced it has received the Final Order from Indiana Department of Insurance Commissioner Stephen W. Robertson, approving the company’s acquisition of Cigna HealthCare of Indiana, Inc., a wholly owned subsidiary of Cigna Corporation (NYSE:CI). On July 23, 2015 Anthem and Cigna entered into a definitive agreement whereby Anthem will acquire all outstanding shares of Cignain a cash-and-stock transaction. The transaction continues to achieve key milestones and, with the recent action inIndiana, has now obtained regulatory clearance in 12 states. “We are pleased that the Indiana Department of Insurance has recognized the merits of our combination,” said Joseph…
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    Written on Tuesday, 31 May 2016 14:10 in iPMI Magazine Mergers Acquisitions News
  • Singapore-Based Luye Medical Group Completes Acquisition of Healthe Care
    Australia's third largest private healthcare group, Healthe Care, officially became a member of Luye Medicals Group Pte Ltd (Luye Medical Group) on April 18, 2016, after the acquisition from Australia's Archer Capital Fund was completed. Through the acquisition of Healthe Care, Luye Medical Group has leapfrogged into the ranks of one of the largest international private medical groups in the region. Healthe Care will continue to expand its business operations in the Australian market, and work closely with Luye Medical Group to expand its footprint and building high quality healthcare services in Singapore, China and the other Asian countries. In…
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    Written on Sunday, 24 April 2016 11:09 in iPMI Magazine Mergers Acquisitions News
  • AmTrust Enters Agreement To Acquire ANV Holdings B.V.
    AmTrust Financial Services, Inc. announce that the Company has entered into an agreement to acquire ANV Holdings B.V. and its affiliates ("ANV") from Ontario Teachers' Pension Plan for $218.7 million in cash. In addition, AmTrust will support ANV's Funds at Lloyd's, including replacing of Ontario Teachers' Pension Plan's participation. The transaction is to be funded with existing working capital. In 2015, ANV generated gross written premium of $508 million. Also in 2015, ANV's three managed syndicates 1861, 5820 and 779 reported gross written premium of $710 million. Pending regulatory approval, the transaction is expected to close during the third or…
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    Written on Tuesday, 19 April 2016 12:57 in iPMI Magazine Mergers Acquisitions News