The next year likely will be one of continued disruptive change in the U.S. property/casualty insurance market, and insurers will need to focus on innovation in all areas of the business to remain successful, according to the 2016 EY US …
Genex Services, a national medical cost containment and disability management service provider, announced its acquisition of Alpha Review Corporation, a medical bill review company for the workers’ compensation market. Financial terms were not disclosed. With this acquisition, Genex significantly strengthens …
Worley Claims Services, a national insurance claims services provider, announced the acquisition of RJMW Claims Services, Inc., a provider of daily and catastrophe residential and commercial property claims services based in Charlotte, North Carolina. Financial terms of the transaction were …
ACE Limited shareholders voted yesterday at a special meeting to approve all proposals related to the company’s previously announced agreement to acquire The Chubb Corporation. Votes in favor of each agenda item exceeded 98 percent of the total represented and …
The world’s largest reinsurers are anticipating even bigger price declines when policies are renewed in 2016 than envisaged a month ago as a flurry of takeovers in the industry fails to absorb some of the excess capital. Reinsurers and brokers …
Florida-based Heritage Insurance Holdings, Inc., a property and casualty insurance holding company, announced that it has entered a definitive agreement to acquire Zephyr Acquisition Company and its wholly-owned subsidiary, Zephyr Insurance Company, a specialty insurer in Hawaii. The acquisition will …
Corporate Finance Associates, an international investment banking firm providing merger, acquisition and financial advisory services, announced that it was the exclusive advisor to Eagle Adjusting Services, Inc., a full service property and casualty claims adjusting company, in its sale to …
Washington D.C.-based Injured Workers’ Pharmacy (IWP), announced that it has completed the acquisition of Chronic Care, Inc. (CCI) dba MH Express Pharmacy, a workers’ compensation home delivery pharmacy operating exclusively in the State of California. The acquisition provides IWP, a …
A landmark purchase was announced this week when ACE Limited released news that it planned to acquire Chubb for $28.3 billion. Once the transaction is completed the combined companies will operate under the Chubb name. The purchase will provide ACE …
Louisiana-based Worley Claims Services, a national independent insurance adjustment management service, announced the signing of a definitive agreement to acquire NCA Group, Inc., a national provider of daily and catastrophe residential and commercial property claims services throughout North America. The …