Multiline Insurance & Brokers
Marsh & McLennan Companies Inc:Acquires Sumitomo Life Insurance agency America, Inc(SLIA).Says terms of transaction not disclosed.Says SLIA employees will become part of Marsh's Asia Client Services (ACS) team.
Patriot National Inc:Expects FY 2015 Net income of $12.5 million to $13.5 million.Expects FY 2015 Adjusted EBITDA of $49 million to $51 million.FY 2015 EBITDA of $51 mln - Thomson Reuters I/B/E/S.
Jardine Lloyd Thompson Group plc:Confirms it has completed the sale of its 26.2 pct stake in Milestone, the holding company of Siaci St Honoré, JLT's French associate, to Ardian for a cash consideration of e110.5 million (about 80 million Pounds).
Allianz SE:Remains confident in achieving FY 2015 operating profit target of 10.4 billion euros, plus/minus 400 million euros.
Arthur J. Gallagher & Co:Announced the acquisition of Vital Benefits Inc. in Calgary, Alberta.Terms of the transaction were not disclosed.
Helvetia Holding AG:Merges legal entities and organization in Switzerland.Helvetia will take over Nationale Suisse insurance contracts in full and continue them unchanged.Out of currently around 3,850 staff in Switzerland, roughly 70 terminations on employer's side and 30 early retirements are expected.
Arthur J. Gallagher & Co:Announced the acquisition of Burns-Fazzi, Brock & Associates headquartered in Charlotte, North Carolina.Terms of the transaction were not disclosed.
Arthur J. Gallagher & Co:Says acquisition of Integrated Healthcare Strategies located in Kansas City, Missouri and Minneapolis, Minnesota.Terms of the transaction were not disclosed.Integrated Healthcare Strategies (Integrated) provides strategic human resources consulting services specifically to healthcare organization clients throughout the United States.
Advance Create Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 3,794 million yen from 3,895 million yen for FY ending Sep. 2015.Operating profit forecast increased to 752 million yen from 555 million yen.Ordinary profit forecast increased to 757 million yen from 535 million yen.Net profit forecast increased to 438 million yen from 310 million yen.Earnings per share increased to 40.42 yen from 29.57 yen.Says the company lowered the consolidated full-year outlook for revenue to 7,650 million yen from 8,000 million yen for FY ending Sep. 2015.Operating profit forecast increased to 1,320 million yen from 1,250 million yen.Ordinary profit forecast increased to 1,300 million yen from 1,200 million yen.Net profit forecast increased to 745 million yen from 695 million yen.Earnings per share increased to 68.29 yen from 66.31 yen.Comments the effective WEB marketing in insurance market and prediction of increased cost are the main reasons for the forecast.
Marsh & McLennan Companies Inc:Says it is on track to deliver underlying revenue growth, margin expansion, and solid growth in earnings per share for FY 2015.Reported EPS of $2.82 and revenue of $12.951 billion in FY 2014.FY 2015 EPS of $3.04 and revenue of $13.397 billion - Thomson Reuters I/B/E/S.