Business Moves and Mergers News

P/C Retail, Wholesale Agency 2015 M&A Highlights by Region, State

When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since brokers are enjoying their best combination of growth and profitability in nearly a …

Moody’s, S&P, A.M. Best Release Ratings for AIG After Strategic Plan Outlined

American International Group Inc., which activist investor Carl Icahn is pressuring to divest assets, had the outlook on its credit rating changed to negative from stable by Standard & Poor’s after the insurer announced plans to sell a stake in …

AIG Rejects Full Split; Will IPO Mortgage Business, Sell Advisory Unit, Reorganize into ‘Modular’ Units

American International Group Inc. announced $3.6 billion in expenses to fill a reserve shortfall after higher-than-expected claims costs and will exit its mortgage insurer and sell an adviser network as Chief Executive Officer Peter Hancock seeks to boost returns and …

AIG Eyes Partial Spinoff of Mortgage Insurance Unit: Reuters

American International Group Inc. has decided to pursue a spin-off of its mortgage insurance business, according to people familiar with the matter, in a move that would come as the U.S. insurer fends off activist investor Carl Icahn. The spin-off …

Swiss Re Corporate Solutions to Buy Stop Loss Underwriter IHC Risk

Swiss Re Corporate Solutions has agreed to buy IHC Risk Solutions and its direct employer stop loss (ESL) business from Independence Holding Co. for $152.5 million in cash.  The transaction includes IHC Risk Solutions’ operations, its team of experts and …