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Sedgwick Group

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BUSINESS
August 28, 1986
The London-based firm, one of the world's largest insurance brokerage companies, will buy all of the Memphis, Tenn.-based company for $33 a share cash, or a total of $307 million. The deal, which was approved by the boards of both firms, is expected to be completed by the end of the year. Sedgwick acquired Fred S. James, a New York insurance brokerage, a year ago.
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BUSINESS
August 26, 1998 | Reuters
Marsh & McLennan Cos. of New York, the world's biggest insurance broker, agreed to buy London-based Sedgwick Group, a leading broker in Europe, for $2.04 billion, to expand its global reach. Marsh & McLennan and other insurers are buying rivals hoping to boost profit by cutting costs and getting into new markets. In two other new deals, Australian life insurer AMP made a $1.
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BUSINESS
August 26, 1998 | Reuters
Marsh & McLennan Cos. of New York, the world's biggest insurance broker, agreed to buy London-based Sedgwick Group, a leading broker in Europe, for $2.04 billion, to expand its global reach. Marsh & McLennan and other insurers are buying rivals hoping to boost profit by cutting costs and getting into new markets. In two other new deals, Australian life insurer AMP made a $1.
BUSINESS
August 28, 1986
The London-based firm, one of the world's largest insurance brokerage companies, will buy all of the Memphis, Tenn.-based company for $33 a share cash, or a total of $307 million. The deal, which was approved by the boards of both firms, is expected to be completed by the end of the year. Sedgwick acquired Fred S. James, a New York insurance brokerage, a year ago.
BUSINESS
April 3, 1985 | VICTOR F. ZONANA, Times Staff Writer
Transamerica Corp. agreed Tuesday to merge its Fred. S. James & Co. insurance-brokerage subsidiary into London-based Sedgwick Group in a $667.4-million transaction that will give Transamerica global reach in that business. Under the deal, Transamerica will receive a 39% stake in the expanded Sedgwick Group, which will become the world's third-largest insurance-brokerage firm in terms of revenue and the second largest in terms of profits.
BUSINESS
April 3, 1985 | VICTOR F. ZONANA, Times Staff Writer
Transamerica Corp. agreed Tuesday to merge its Fred. S. James & Co. insurance-brokerage subsidiary into London-based Sedgwick Group in a $667.4-million transaction that will give Transamerica global reach in that business. Under the deal, Transamerica will receive a 39% stake in the expanded Sedgwick Group, which will become the world's third-largest insurance-brokerage firm in terms of revenue and the second largest in terms of profits.
BUSINESS
February 24, 1986 | VICTOR F. ZONANA, Times Staff Writer
Dull is beautiful. Just ask James R. Harvey, chairman, president and chief executive of Transamerica Corp., a once-sprawling conglomerate that is returning to its roots in insurance and financial services. Harvey's first major act after being named chief executive in 1981 was to sell Transamerica's United Artists subsidiary, a studio whose distinguished heritage was tarnished by its embarrassing $40-million investment in the film boondoggle "Heaven's Gate."
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