Technology to go
Article Abstract:
Some insurers have turned to marketing software, enabling them to share the cost for technological developments and to earn from technology ventures. Selling technology can also indirectly perk up insurance premiums. Four companies, namely, Blue Cross & Blue Shield of South Carolina, Cigna Corp, Dodson Group and Lincoln National Reinsurance Cos, have all discovered a new role as vendors of software. Cigna has a software development arm called Cigna Software Sciences, Blue Cross & Blue Shield of South Carolina has spun off Companion Information Management Resources, Lincoln National markets its Life Underwriting System and Dodson Group sells data warehousing software.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
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Melting in the hands of M&M
Article Abstract:
Marsh & McLennan Companies Inc (M&M) has acquired Johnson & Higgins for $1.8 billion in cash and stock. M&M becomes the largest insurance brokerage in the United States with the acquisition. Johnson & Higgins was the third largest brokerage and was privately held. A new subsidiary will be formed to handle the combined insurance operations and will be called J&H Marsh & McLennan Inc. M&M is continuing negotiations to purchase the Minet Group.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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Melting in the hands of M&M: Johnson & Higgins joins the Marsh & McLennan fold, creating the world's largest insurance brokerage
Article Abstract:
Marsh & McLennan Cos' $1.8 billion acquisition of Johnson & Higgins will create the largest insurance brokerage in the world. J&H Marsh & McLennan Inc, the new company to be formed as result of the merger, will combine insurance services operations of Marsh & McLennan Cos and Johnson & Higgins, and executives from both companies will manage it. Both companies have been leading brokers for Fortune 1000 customers.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
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