Willis announced the appointment of Brian Shea as Head of Europe for Willis Capital Markets & Advisory, its insurance investment banking division, based in London, effective August 24, 2015. Brian joins from reinsurer SCOR, where he was Chief Corporate Strategy Officer after 20 years as an investment banker with Salomon Brothers and Merrill Lynch.
IGP welcomes Gothaer Lebensversicherung AG as their new Network Partner in Germany. Previously, Victoria Lebensversicherung -part of Ergo group and no longer in existence as a separate brand- was IGP’s German partner. Ergo Germany is no longer a member of a pooling network. Gothaer Germany remains a member of the new AIG network (formerly known as ING Global Network).
Aetna will acquire Humana for cash and stock valued at $37 billion. The acquisition will push Aetna’s Medicare Advantage membership to 4.4 million and make it possible for the two companies to share knowledge and innovations in order to create better healthcare products, the company said. The deal is subject to regulatory and other approvals; it is expected to be completed in late 2015.