General Re will acquire DP Mann Holdings

Article Abstract:

General Re Corp. a reinsurance firm based in Stamford, CT, has concurred to purchase London, UK-based DP Mann Holdings Ltd. in a deal that could be valued at 100 million pounds (US$166.4 million). The move was part of General Re's effort to expand its market in the light of rising competition and increasing demands of reinsurance industry costumers. General Re, which primarily offers property and casualty insurance services, will gain entry into the British insurance market with the acquisition of DP Mann, one of the largest remaining independent firms at Lloyds of London.

Comment:

Has concurred to purchase DP Mann Holdings Ltd, UK

Reinsurance, Reinsurance Carriers, General Re Corp., Article, DP Mann Holdings Ltd.

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Saatchi's chief says firm isn't discussing a merger

Article Abstract:

Article about how Bob Seelert, chairman of Saatchi and Saatchi PLC, stated that his firm was not having merger talks with either True North Communications Inc. or Grey Advertising Inc., but hinted that Saatchi and Grey might cooperate at some future date to provide services to prominent clients such as Procter and Gamble Co.

Advertising Agencies, Agency Planning/Goals, Management, Mergers, acquisitions and divestments, Brief Article, True North Communications Inc., Grey Group (New York, New York), Saatchi & Saatchi PLC, Seelert, Bob

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