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Mergers

Who bought insurers? Who bought reinsurers? Mergers and acquisitions discussed in this presentation.

Actuary
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Mergers

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  1. Insurance Mergers and Acquisitions Covering Most of the Substantial Transactions of 3Q and 4Q, 2010 www.WhoBoughtWho.com

  2. One • 123 Money (Ireland) sold to RSA Insurance Group • Abri Health Plan sold to Molina • AIG Star Life and AIG Edison sold to Prudential • American Physicians Service Group sold to ProAssurance • AmWINS sells Fresno office to Crouse and Associates

  3. Two • Aon’s U.S. multiemployer actuarial business sold to Segal • Aris Title Insurance sold to Argo Group • Aspen Holdings sold to Markel • Atlantic Re Sold to Investor Group by Eastern Insurance • Bravo Health sold to HealthSpring • Bupa Health Assurance sold to Resolution • Burnham + Company assets sold to HUB International

  4. Three • CarInsurance.com sold to QuinStreet • Channel Re sold to MBIA • Chartis Europe CEO says Some Small Insurers Will Merge or be Acquired under Solvency II • Clarendon Insurance Group sold to Enstar • Clal Insurance Might Be Sold • Crowe Paradis sold to Brown & Brown • Compagnie Libanaise D’Assurances SAL sold to Zurich Insurance

  5. Four • Concentra sold to Humana for $790 million • Crowe Paradis Services Corporation Sold to Verisk Analytics • DFA Capital Management sold to Conning • Dublin broker Insure.ie sold to Aon • EMB sold to Towers Watson • EnnisKnupp sold to Hewitt • Expect Accelerating Mergers and Acquisitions between Small Health Insurers

  6. Five • Expect additional investment consulting firms to be sold or merge • Expect Reinsurance Mergers and Acquisitions, says Montpelier Re CEO • Etiqa and Mayban Life Merge • First Investors Consolidated Corp. sold to Foresters • Fortis Life Insurance Ukraine sold to Horizon Capital • Frost Specialty and Integro merge

  7. Six • FutureScripts sold to Catalyst Health Solutions • Glacier Re sells International Renewal Rights to Endurance • Golden State Mutual sells in-force life business to Industrial Alliance • Got Insurance M&A? • Guy Carpenter Subsidiaries to be sold to Randall & Quilter

  8. Seven • Health Info Exchange Services Provider Axolotl sold to Ingenix • Hiscox sells US animal mortality business to Markel • HRS (Sweden) sold to Towers Watson • Ingenix’s Property & Casualty Medical Bill Review Business sold to Mitchell • “Most valuable domain name in the world”– Insurance.com – sold

  9. Eight • Insurance Mergers and Acquisitions are increasing lots, most since 2007 • Insurance Mergers and Acquisitions Now Featured at WhoBoughtWho.com • Jerneh Insurance Bhd sold to ACE INA International Holdings Ltd • Liberty Life Insurance sold to Athene Holdings by RBC • Lightyear Delos Acquisition Corp. to Merge with Southwest Insurance Partners

  10. Nine • Lincoln National may be sold to Manulife • Majority of Island Capital and Island Capital (Europe) sold to Tawa • Majority of ProClaim America sold to ESIS (ACE). Renamed ESIS ProClaim. • Mercer Insurance Sold to United Fire & Casualty • Michigan Insurance Company Sold to Donegal Group

  11. Ten • Minority Stake in J. Malucelli Participacoes em Seguros e Resseguros S.A. sold to Travelers • New York Life Sells Hong Kong and South Korea Subsidiaries to ACE • NYMagic sold to ProSight Specialty Insurance • Old Greenwich Consulting Group sold to Arthur J. Gallagher & Co.

  12. Eleven • Old Mutual sells US Life operations to Harbinger • Pacific Insurance Berhad sold to Fairfax Financial • Philadelphia-United Life Insurance sold to Baltimore Life • Phoenix Life and Reassurance Co. of New York sold to Philadelphia Financial • Pohjantahti Mutual Insurance sold to Pohjola Insurance

  13. Twelve • Principal Gets Out of the Health Insurance Business, Renewals Sold to UnitedHealth • Rain and Hail Insurance Service Inc. sold to Ace Ltd. • Rasini Viganò brokerage firm sold to Aon • RBS Hopes to Sell Insurance Business Within 1,200 Days • Reinsurance Advisory Services Sold to Integro

  14. Thirteen • Renaissance Re Sells US Insurance Operations to QBE • ReSource Intermediaries sold to Integro • RI3K sold to Qatar Insurance Services • Save & Prosper Group sold to Chesnara • Seattle Specialty Insurance Services sold to QBE • 25% of Star Health sold to Sequoia Capital • Stephen R Thomas Actuarial Associates sold to Bolton Partners

  15. Fourteen • Sun Life Sells Life Reinsurance Business to Berkshire Hathaway • Transamerica Re May Be Sold to Scor or RGA • Trion benefits organization sold to Marsh • 80% of UBF Seguros, a Brazilian insurer, acquired by Swiss Re • Unisource Program Administrators MGA sold to US Risk

  16. Fifteen • United Investors Life Insurance sold to Protective Life • Vanbreda International sold to CIGNA • Wellpoint CFO says Health Insurer Mergers & Acquisitions to increase next 2 years • Windsor Health sold to Munich Re

  17. Sixteen • www.WhoBoughtWho.com is updated regularly with insurance (and reinsurance) mergers and acquisitions news • See www.InsuranceStartups.com for insurance and reinsurance startups news • Also see www.ClaudePenland.com to stay updated • Thank you!

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