October 9, 2012
With a $4.9 billion takeover of Brazil’s biggest healthcare provider, UnitedHealth Group appears to have snatched the crown jewel in a market with plenty of promise but formidable barriers to entry for any foreign rivals looking to follow suit. UnitedHealth’s …
September 27, 2012
Prudential Financial Inc. is close to a deal to acquire the individual life insurance business of Hartford Financial Services Group Inc, and a deal could be struck as soon as Thursday, the Wall Street Journal reported. The paper, citing a …
September 24, 2012
Catalina Holdings (Bermuda) Ltd has announced that it has signed a definitive Share Purchase Agreement to acquire 100 percent of the shares in KX Reinsurance Company Limited, including KX Re’s wholly owned subsidiary OX Reinsurance Company Limited, from Tawa plc. …
September 21, 2012
Dutch-Belgian insurance group Ageas (the successor to Fortis) has confirmed that it has signed an agreement, through its UK subsidiary, to acquire Groupama Insurance Company Limited (GICL), the UK subsidiary of France’s Groupama, for a total consideration of £116 million …
September 19, 2012
ACE Limited announced that it has acquired 80 percent of Indonesian insurer PT Asuransi Jaya Proteksi. The Jakarta-based company is “one of Indonesia’s top 10 general insurers and a leader in personal lines,” said the bulletin. “The company offers property, …
August 31, 2012
Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its property reinsurance business. The deal comes after Validus unsuccessfully tried to buy another reinsurer Transatlantic Holdings Inc last …
August 30, 2012
Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its property reinsurance business. The deal comes after Validus unsuccessfully tried to buy another reinsurer, Transatlantic Holdings Inc, last …
August 16, 2012
A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb” of QBE Optima Insurance Company, which is based in San Juan, Puerto Rico, and was formerly known …
August 15, 2012
Atlanta-based Ebix, Inc, a supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has acquired London-based TriSystems Ltd., an online insurance trading hub that facilitates commercial insurance and reinsurance transactions between London intermediaries and insurance …
August 6, 2012
A.M. Best Co. has commented that the issuer credit rating (ICR) and debt ratings of Tower Group, Inc. (TWGP), as well as the financial strength rating and ICRs of its insurance subsidiaries are unchanged. Best made the announcement following TWGP’s …