Articles by Greg Roumeliotis

CVS, Aetna Could Close $70B Merger Deal as Soon as December

U.S. pharmacy operator CVS Health Corp. and health insurer Aetna Inc. are working toward finalizing merger terms and announcing a deal for more than $70 billion as early as December, according to people familiar with the matter. The deal would …

Aon to Buy Real Estate Investment Mgmt. Firm, Townsend Group, for $475M

Insurance broker Aon Plc said on Friday [Sept. 1] it would buy real estate investment management firm The Townsend Group from Colony NorthStar Inc for $475 million, helping expand its property investment management portfolio. Aon has been tweaking its portfolio …

Stake in Insurance Broker HUB International Could be Sold: Reuters

Hellman & Friedman LLC is exploring the sale of a stake in HUB International Ltd. in a deal that could value one of the largest North American insurance brokerages at between $6 billion and $7 billion, including debt, people familiar …

China’s Anbang to Abandon Attempt to Buy FGL: Sources

China’s Anbang Insurance Group will let its agreement to acquire U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) for $1.6 billion lapse, after failing to secure all the necessary regulatory approvals, people familiar with the matter said on …

Update: Blackstone to Buy Aon’s Benefits Outsourcing Unit

Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm Blackstone Group LP for up to $4.8 billion. Blackstone will pay $4.3 billion upfront and up to an additional $500 …

Aon in Talks to Sell Benefits Outsourcing Division: Reuters

Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier & Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. The divestiture would undo much …

Source Says Anbang in Talks with Kushner for New York Building Overhaul

China’s Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by U.S. President-elect Donald Trump’s son-in-law Jared Kushner, according to …

U.S. Scrutiny of Fosun’s Ironshore Sends Signal on Other China Deals

Insurance mergers and acquisitions rarely raise red flags with U.S. national security watchdogs. China’s Fosun International Ltd. took that history to heart last year when it paid $1.84 billion for the remaining 80 percent stake of U.S. property and casualty …

China’s Anbang Insurance Ups Offer for Starwood Hotels to $14B

China’s Anbang Insurance Group Co. has raised its offer for Starwood Hotels & Resorts Worldwide Inc. to almost $14 billion in its latest challenge to the U.S. hotel operator’s merger with Marriott International Inc. The bidding war for Starwood has …

Italy’s EXOR to Consider Increasing $6.4B Offer for PartnerRe: Sources

Italy’s EXOR SpA will consider raising its $6.4 billion offer for reinsurer PartnerRe Ltd at a board meeting on Tuesday, two sources told Reuters. The Italian holding company, controlled by the Agnelli family, made its all-cash offer for PartnerRe in …