Insurance Brokers

Foster Wheeler AG (Nasdaq: FWLT) announced today that subsidiaries of its Global Engineering and Construction Group have been awarded an engineering, procurement and construction management (EPCm) contract by Aramco Overseas Company B.V. (AOC), a subsidiary of Saudi Aramco, and by Dow Europe...

Marsh, a wholly-owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), today announced that it has reached an agreement to acquire the brokerage business of Alexander Forbes. This business comprises Alexander Forbes Risk Services and certain local and correspondent operations serviced...

Shares of Marsh & McLennan (NYSE: MMC) are higher on the session by 0.54%, currently trading at $29.68. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on calls today. A short while ago...

Shares of LHC Group Inc (NASDAQ: LHCG) gained about 1.1% after the company announced that proven healthcare development executive Don Adam has joined the Company as senior vice president and chief development officer for home health and hospice services. Shares of SAIC Inc (NYSE: SAI) gained about...

Analysts at Piper Jaffray upgraded CNinsure Inc (NASDAQ: CISG) from “underweight” to “neutral.” CISG's shares closed at $10.38 yesterday. CNinsure's PEG ratio is 0.29. Analysts at Goldman Sachs upgraded Century Aluminum (NASDAQ: CENX) from “sell” to “neutral.” CENX's shares closed at $11.79...

Pre-open movers US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average jumped 86 points to 11,578.00 and S&P 500 index futures rose 10 points to 1,214.80. Nasdaq 100 futures gained 18.50 points to 2,245.50. A Peek Into...

CNinsure Inc. (Nasdaq: CISG) today announced that it has entered into definitive agreements to acquire 100% equity interests in Guangzhou Huajie Insurance Agency Co. and Dongguan Zhongxin Insurance Agency Co., Ltd. from Chengdu Jingshi Investment Co., Ltd.. The transactions are expected to close in...

CNinsure (NASDAQ: CISG) today announced that it has entered into definitive agreements to acquire 100% equity interests in Guangzhou Huajie Insurance Agency Co., and Dongguan Zhongxin Insurance Agency Co. from Chengdu Jingshi Investment Co. The transactions are expected to close in September 2011,...

Piper Jaffray has upgraded CNinsure (NASDAQ: CISG) from Underweight to Neutral and maintains its $10 price target.

Stifel Nicolaus is out with its report today on Arthur Gallagher & Co. (NYSE: AJG), reiterating Buy. In its report, Stifel Nicolaus writes, "Overall, the insurance industry seems to be slowly grinding toward a moderate hard market. Workers Compensation rates are rising in response to very high...

Winn-Dixie Stores Inc (NASDAQ: WINN) is projected to report its Q4 EPS at $0.12 on revenue of $1.60 billion. ABM Industries Incorporated (NYSE: ABM) is expected to report its Q3 EPS at $0.47. Calavo Growers Inc (NASDAQ: CVGW) is estimated to report its Q3 earnings at $0.21 per share. LDK Solar...

Shares of Marsh & McLennan (NYSE: MMC) are higher on the session by 1.45%, currently trading at $29.10. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on calls today. A short while ago...

Willis Group Holdings plc (NYSE: WSH) has developed a new insurance product to cover business interruption costs for companies with key locations, suppliers or customers situated in the vicinity of a nuclear power station, should they be forced to suspend operations in the event the plant's safety...

Shares of Willis Group Holdings plc (NYSE: WSH) gained about 1.3% after Willis Europe BV, a division of Willis Group Holdings acquired 100% of the shares of Polish insurance broker, Brokerskie Centrum Ubezpieczeniowe Sp. Zoo. Shares of Prospect Capital Corporation (NASDAQ: PSEC) rose about 2%...

Willis Europe B.V., a division of Willis Group Holdings plc (NYSE: WSH) has acquired 100 percent of the shares of Polish insurance broker, Brokerskie Centrum Ubezpieczeniowe Sp. Zoo. The deal, effective immediately, will further strengthen Willis' presence in the country, in particular in the...