Insureon to acquire Insurance Noodle Insureon announced that it has entered into an agreement to acquire Insurance Noodle, an online wholesale insurance broker and a subsidiary of Willis Group. The transaction is expected to close later this month. Ralph Blust, President and CEO of Insurance Noodle, will remain President and oversee wholesale operations for the companies. Upon transaction closing, the Insurance Noodle team will join Insureon in its Chicago offices in January.
Willis Group upgraded to Buy from Neutral at UBS UBS upgraded Willis Group to Buy on expectations cost savings and improved revenue growth will drive margin expansion. The firm raised its price target for shares to $50 from $43.