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Medical Health Insurance Mergers Acquisitions News

  • MSH International Acquires Imagine And Intrepid 24/7
    Ingle companies have served the international traveling community since 1946. Today, they provide travel insurance protection to international students, students studying abroad, snowbirds, business travellers, expatriates, adventure, vacationing and high risk travelers. MSH International, a 100% owned subsidiary of Paris-based SIACI SAINT HONORE Group. SIACI SAINT HONORE Group insures 2,200 000+ people worldwide. MSH International and Ingle share core values and will continue the tradition of responsive service, deep expertise, and reliable protection. With a network Canada, the merger will position the companies to provide its partners and customers with flexible access to an expansive product shelf and strong top…
    Written on Friday, 06 October 2017 15:10 in iPMI Magazine Mergers Acquisitions News
  • White Mountains To Acquire 50% Stake in DavidShield
    White Mountains Insurance Group, Ltd. has announced that it has entered into an agreement to acquire a 50% equity stake in DavidShield, its joint venture partner in PassportCard, and a leading provider of expatriate medical and other accident and health insurance coverages. Following closing of the transaction, White Mountains and Alon Ketzef, the founder of both DavidShield and PassportCard, will be 50/50 partners in both businesses. Terms of the transaction were not disclosed. Teresa Chia, Managing Director of White Mountains Capital, said, "We are pleased to expand our existing relationship with Alon Ketzef and DavidShield. We have witnessed firsthand the…
    Written on Wednesday, 04 October 2017 04:57 in iPMI Magazine Mergers Acquisitions News
  • MSH International Enters IPMI Market In Germany With The Acquisition Of BDAE
    MSH International is the new majority shareholder of the BDAE Group since 1 July 2017. “Our common area of business is a huge growth market, and our range of products and services complement each other perfectly. With MSH International, we have found an experienced player to help us offer the very best services and security to our customers abroad” said the Managing Director of BDAE, Andreas Opitz. BDAE Group was established in 1995 with the founding of an association called the Bund der Auslands-Erwerbstätigen (BDAE) e.V. (Association of People Working Abroad) by Andreas Opitz and Silvia Opitz to provide international…
    Written on Monday, 11 September 2017 05:24 in iPMI Magazine Mergers Acquisitions News
  • Bupa Announces Sale Of Part Of UK Care Home Business
    Bupa has announced an agreement to sell part of its UK care home business to HC-One, subject to regulatory approval, in a transaction totalling around £300m1. The sale will see the transfer of 122 care homes to HC-One, a leading provider of health and social care in the UK. Bupa will retain around 150 care homes and six Richmond Villages caring for over 9,000 residents, with a further four care homes and two retirement villages under construction. David Hynam, Chief Executive Officer, Bupa UK said, “We remain one of the main providers of residential care in the UK, and a…
    Written on Thursday, 24 August 2017 07:22 in iPMI Magazine Mergers Acquisitions News
  • European Commission Approves Acquisition Of Banco Popular Español S.A. By Banco Santander
    iPMI Magazine Mergers and Acquisitions News: The European Commission has approved, under the EU Merger Regulation, Banco Santander's proposed acquisition of Banco Popular Español, S.A. The Commission concluded that the transaction would not raise competition concerns in the European Economic Area. Banco Santander and Banco Popular are universal banks, providing commercial, retail investment and wholesale banking services as well as insurance services in Spain and Portugal. The Commission investigated the transaction's impact on the markets for retail and corporate banking, leasing, factoring and the provision of ATM services in the Portuguese and Spanish national and regional markets. Its investigation concluded…
    Written on Thursday, 10 August 2017 05:38 in iPMI Magazine Mergers Acquisitions News
  • AGER To Acquire Aegon Ireland
    iPMI Magazine Mergers and Acquisitions News: AGER Bermuda Holding Ltd. (“AGER”), the holding company of Athene Holding Ltd.’s (“Athene”) European group companies has today that it will acquire Aegon Ireland plc (“Aegon Ireland”), a Dublin-based insurer. Consideration for the transaction will be approximately 81% of the own funds of Aegon Ireland as of closing. Solvency II own funds of Aegon Ireland were approximately £200 million ($260 million) as of 30 June 2017. Aegon Ireland provides wealth management and retirement planning products to over 25,000 customers in the United Kingdom and Germany. It had assets of approximately £4.7 billion ($6.1 billion)…
    Written on Thursday, 10 August 2017 05:24 in iPMI Magazine Mergers Acquisitions News
  • Great-West Lifeco Subsidiary Completes Acquisition Of Financial Horizons Group
    Great-West Lifeco Inc. announced that its subsidiary The Great-West Life Assurance Company has completed its previously announced acquisition of Financial Horizons Group, an independent Managing General Agency (MGA) in the Canadian market. Terms of the transaction were not disclosed. The transaction is expected to be earnings accretive, although not material to overall Canadian earnings. "As part of our Canada transformation, we are committed to investing in new capabilities for our business," said Stefan Kristjanson, Great-West Life's President and Chief Operating Officer, Canada. "This strategic acquisition gives our organization a strong presence in the growing independent MGA sector of the Canadian…
    Written on Tuesday, 01 August 2017 07:58 in iPMI Magazine Mergers Acquisitions News
  • Bupa Completes Sale Of Bupa Thailand To Aetna
    Bupa has announced the completion of the sale of Bupa Thailand to Aetna (NYSE: AET). Wayne Close, Acting CEO of International Markets at Bupa, said, “We would like to thank everyone in Bupa Thailand for their excellent care of customers in Thailand over many years. We know the business will continue to provide customers in Thailand with high quality and affordable health insurance.” Bupa Thailand will continue to operate under the Bupa brand for a short time before rebranding as Aetna. Bupa Thailand was established over 30 years ago, and is Thailand’s leading specialist health insurer, with more than 300,000…
    Written on Tuesday, 25 July 2017 07:44 in iPMI Magazine Mergers Acquisitions News
  • Cigna Acquires Zurich Insurance Middle East
    Cigna has announced the acquisition of general insurer, Zurich Insurance Middle East (SAL). Howard Gough, CEO of Cigna for the MENA Region, Global International Private Medical Insurance (GIPMI), and Global Government segment, added, “We are witnessing a dynamic change within the GCC region’s healthcare sector, defined by regulatory reform and national agendas that prioritize the importance of quality healthcare. Cigna’s healthcare benefit products and its preventive wellness solutions meet a vital need for companies, and local and globally mobile individuals.” The acquisition, which was successfully completed in June marks the beginning of a new phase of operations for Cigna as…
    Written on Wednesday, 12 July 2017 08:35 in iPMI Magazine Mergers Acquisitions News
  • Dr. Colin Plotkin & Sons Consulting And VIDA Health Group LLC Merge
    Both PLOTKIN HEALTH and VIDA Health group will operate independently, under the newly formed parent company MACROHEALTH. Virgil Bretz of VIDA Health Group has assumed the role of CEO for MACROHEALTH. Shaun Plotkin, President of Plotkin Health comments, "Joining together with VIDA HEALTH GROUP helps us expand our service offering, leveraging the combined strengths of both companies, with the shared goal of delivering an unrivaled approach to medical cost management. Understanding that people are the key ingredient to our mission, we couldn’t have hoped for a better group of qualified individuals to join us, as we enhance and grow the…
    Written on Tuesday, 11 July 2017 06:30 in iPMI Magazine Mergers Acquisitions News
  • Beacon Acquires Louisiana Based Remote Medical Company
    iPMI Magazine Mergers and Acquisitions News: Alaska-based Beacon Occupational Health and Safety Services (Beacon) announced it has acquired Medic Systems, a remote medical services operation headquartered in Louisiana. Medic Systems is a leader in remote medical services within the Gulf of Mexico’s energy sector. “Continuing to provide our clients best-in-class services is critical,” says Holly Hylen, President and Founder of Beacon. “Our acquisition of Medic Systems and our affiliation with the International SOS Group of companies allows us to enhance client value with unique integrated solutions and expertise across the occupational health and safety spectrum both locally in the Gulf…
    Written on Friday, 23 June 2017 08:47 in iPMI Magazine Mergers Acquisitions News
  • Teladoc To Acquire Best Doctors To Provide Virtual Healthcare Delivery Platform
    Teladoc, Inc. has announced that it has entered into a definitive agreement to acquire Best Doctors. Teladoc is creating a new paradigm for how patients access care by delivering a powerful connected care platform – a single solution for addressing a complete spectrum of medical conditions, from non-critical, episodic needs to chronic, complicated medical conditions. By leveraging the proven portfolio of healthcare solutions from both Best Doctors and Teladoc, members will have one simple, virtual, patient-centric way to resolve their healthcare issues, improving outcomes and reducing costs. “Today is a big day for patients and the greater healthcare system. At…
    Written on Wednesday, 21 June 2017 06:53 in iPMI Magazine Mergers Acquisitions News
  • Bupa Completes 8% Stake Increase In Bupa Arabia
    Bupa has announced it has completed its agreement to increase its stake in Bupa Arabia by 8% from 26.25% to 34.25% by acquiring a portion of Nazer Group’s stake in the company. Regulatory approvals have been granted by relevant Kingdom of Saudi Arabia (KSA) authorities. The increase in Bupa’s stake will strengthen Bupa’s presence in the KSA, in line with its strategy of investing in its market position in geographies in which it already operates. It is recognition of the opportunity to develop the private health insurance market in the KSA, which the government called out as a key growth…
    Written on Monday, 19 June 2017 08:48 in iPMI Magazine Mergers Acquisitions News
  • International Medical Group Acquired
    Sirius International Insurance Group Ltd. has announced the acquisition of International Medical Group® (IMG®). IMG will be run by President & CEO Brian Barwick, who has been with IMG for 23 years and has worked with Sirius throughout his tenure. Sirius purchased IMG from private equity investment firm ABRY Partners. A substantial portion of the transaction consideration is in the form of Sirius Preference Shares. These shares are convertible into Sirius common shares. As a result, on a fully converted basis an entity controlled by ABRY would own up to approximately 6 percent of Sirius's common shares following the transaction.…
    Written on Friday, 26 May 2017 03:37 in iPMI Magazine 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…
    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…
    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…
    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…
    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…
    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…
    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…
    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…
    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…
    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,…
    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…
    Written on Thursday, 02 March 2017 13:26 in iPMI Magazine Mergers Acquisitions News