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...