Integrity Marketing Group, a US life and health insurance agency, has acquired The Brokerage Resource, an insurance marketing company based in North Carolina for an undisclosed price. As per the terms of the deal, Sam Corey, III, the President of Brokerage Resource will become an owner in Integrity Marketing Group. Brokerage Resource is said to […]
US health insurance company Essence Healthcare has agreed to acquire its long-term investor Mutual of Omaha’s Medicare Advantage business as per the latest insurance acquisition news. As part of the deal, Essence Healthcare is acquiring Mutual of Omaha Medicare Advantage Company (MOMAC) and Medicare Advantage Company of Omaha (MAICO). The two subsidiaries of Mutual of […]
Centene Wellcare merger : Missouri-based Centene has wrapped up its previously announced $17.3 billion acquisition of rival US health insurer WellCare Health Plans, based in Florida. The Centene Wellcare merger announcement was made in March 2019 in a move to create a new healthcare enterprise, focused on offering government-sponsored healthcare programs. The Centene Wellcare combination […]
CVS Health acquisition of IlliniCare Health Plan : Centene, a US health insurance company, has signed a deal to divest its Illinois health plan subsidiary – IlliniCare Health Plan to CVS Health for an undisclosed amount. The deal is expected to help Centene to speed up the closing of its previously announced $17.3 billion merger […]
Integrity Marketing Group acquired American Investment Strategies (AIS), an insurance marketing organization based in Ohio, for an undisclosed amount. American Investment Strategies provides a range of personal and commercial insurance products in the US Midwest for the Senior Market, which includes Medicare Advantage, Medicare Supplement, and long-term care options. Bryan Adams – Co-founder and CEO […]
Insurance acquisition news : Chinese government-controlled Anbang Insurance Group will sell its entire interest in Hexie Health Insurance, a Chinese health insurance company for an undisclosed amount to multiple buyers, including industrial conglomerate Fujia Group. Reuters reported that the Chinese government has been looking to fast track sale of assets of Anbang Insurance Group, which […]
Indian insurance industry news : IDBI Bank and standalone health insurer (SAHI) Max Bupa entered into a bancassurance corporate agency agreement under which the latter will offer its health insurance solutions to the bank’s customer base across India. The partnership will see Max Bupa provide a variety of health insurance products and digital first propositions, […]