US hospitals see post pandemic catch-up behind insurer healthcare costs
By Sriparna Roy and Bhanvi Satija (Reuters) – Americans are catching up on healthcare missed during the COVID-19 pandemic, a trend driven by heart procedures …
insurer
Insurer Chubb’s Q4 profit surges on stronger underwriting, investment returns
(Reuters) – Chubb Limited reported a surge in fourth-quarter adjusted profit on Tuesday, helped by stronger underwriting and investment incomes, sending U.S.-listed shares of the …
Health insurer Centene raises 2024 profit forecast
By Khushi Mandowara (Reuters) -U.S. health insurer Centene Corp on Tuesday raised its 2024 adjusted profit forecast, bringing it broadly in line with Wall Street …
Canadian insurer Sun Life names new president for Asia business
(Reuters) – Canada’s Sun Life Financial on Monday named its Chief Financial Officer Manjit Singh as the president of its Asia business. Singh, who joined …
Prosperity Life’s unit to buy insurer National Western in $1.9 billion deal
(Reuters) -A unit of insurer Prosperity Life Group has agreed to buy National Western Life Group in a deal valued at $1.9 billion, the companies …
Harvard cannot recoup $15 million from insurer for race case costs, court rules
By Nate Raymond BOSTON (Reuters) – Harvard University on Wednesday lost a bid for an insurer to cover up to $15 million of the costs …
Insurer Prudential Financial’s profit rises on strong gains in U.S. unit
(Reuters) – Prudential Financial on Tuesday reported a 21.5% rise in second-quarter adjusted profit as the insurer’s U.S. unit benefited from a higher net investment …
Insurer CNA Financial misses profit estimates on higher catastrophe losses in P&C segment
(Reuters) – Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty (P&C) segment partially offset higher …
Todd Boehly-backed insurer Accelerant mulls IPO, stake sale, CEO says
By Pablo Mayo Cerqueiro, Echo Wang and David French LONDON/NEW YORK (Reuters) – Accelerant is planning to raise fresh capital next year in a deal …
Major Foreign Insurer Cuts Coverage For ‘Gender-Affirming’ Doctors, Citing Lawsuits Over Transition Regret
Major Foreign Insurer Cuts Coverage For ‘Gender-Affirming’ Doctors, Citing Lawsuits Over Transition Regret Laurel Duggan on June 1, 2023 MDA National, a major medical indemnity …
Property insurer SageSure turns ‘unicorn’ after $250 million funding round – source
By Jaiveer Shekhawat (Reuters) – SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest funding round, a source familiar …
Insurer AIG exceeds profit estimates on strong underwriting gains
(Reuters) – American International Group Inc beat market estimates for first-quarter profit on Thursday, as record underwriting gains cushioned the blow from lower alternative investment …
Insurer Forcing Oil And Gas Companies To Curb Emissions Following Green Activist Pressure
Insurer Forcing Oil And Gas Companies To Curb Emissions Following Green Activist Pressure John Hugh DeMastri on March 22, 2023 Chubb, a major insurance company, …
French insurer AXA has about $640 million exposure to Credit Suisse
PARIS (Reuters) – French insurer AXA had a “limited exposure” of about 0.6 billion euros ($639.5 million) to Swiss bank Credit Suisse, it said on …
French insurer AXA outlines bond exposure to SVB and US regional banks
PARIS (Reuters) – French insurer AXA has a relatively small corporate bond exposure to Silicon Valley Bank, group Deputy CEO Frederic de Courtois told a …
Insurer AIG profit shrinks as storm-related costs, weak investment returns hit
(Reuters) – U.S. insurer American International Group reported a near 24% fall in fourth-quarter profit on Wednesday, hurt by losses tied to a winter storm …
Finnish insurer Sampo misses profit forecast in volatile market
(Reuters) – Finnish insurer Sampo on Friday reported a bigger-than-expected drop in fourth-quarter earnings citing challenging capital markets environment, sending its shares falling more than …
Insurer ASR to consider sale of bank acquired in Aegon deal, source says
By Pablo Mayo Cerqueiro and Toby Sterling LONDON/AMSTERDAM(Reuters) – Dutch insurer ASR will consider a sale of its banking arm after completing its acquisition of …
Canadian insurer Sun Life inks $193 million deal with HK’s Dah Sing
(Reuters) – A unit of Canadian insurer Sun Life Financial Inc has partnered with Hong Kong-based Dah Sing Bank in a deal valued at nearly …
Insurer AIG profit slumps on hurricane costs, lower investment returns
(Reuters) – Insurer American International Group Inc on Tuesday reported a more than 39% decline in quarterly profit as investment income fell by more than …
Insurer AIA’s new business value rises marginally in third quarter
(Reuters) – Asia-focussed insurer AIA Group Ltd reported a 1% rise in quarterly new business value on Tuesday as sales recovered from pandemic lows in …
Insurer Universal estimates nearly $1 billion loss from Hurricane Ian
(Reuters) – Florida-based Universal Insurance Holdings Inc on Tuesday forecast a gross loss of nearly $1 billion from Hurricane Ian, some of which will be …
Suburban Chicago Doctor Charged with Health Care Fraud in Connection with Alleged False Claims to Medicare and Private Insurer
CHICAGO — A suburban Chicago doctor who specialized in removing moles to screen for cancer was charged today in federal court with submitting fraudulent claims …
Dutch insurer NN Group expects to bring forward coal investment exit
By Jessica DiNapoli DAVOS, Switzerland – NN Group NV expects to accelerate its deadline to exit coal investments, now set at 2030, due to fears …
U.S. insurer Travelers’ profit beats on lower catastrophe losses
(Reuters) – Property and casualty insurer Travelers Companies Inc reported a 48% jump in quarterly profit that beat analysts’ estimates on Tuesday, as lower catastrophe-related …
Elite Healthcare Owner Sentenced to Two Years for Defrauding Health Insurer
The owner of a medical consulting company was sentenced today to two years in federal prison for defrauding health insurers, announced U.S. Attorney for the …
Insurer Tokio Marine says Greensill took out policies fraudulently
LONDON – Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to …
Generali investor Del Vecchio backs Caltagirone’s plan for insurer – Bloomberg
MILAN – A strategic plan for Generali backed by rebel shareholder Francesco Gaetano Caltagirone goes in the right direction by setting up the company for …
U.S. insurer AIG’s life and retirement unit files for IPO
(Reuters) -The holding company of U.S. insurer American International Group Inc’s life and retirement business, SAFG Retirement Services Inc, filed for an initial public offering …
Insurer AIG says BlackRock will manage part of life and retirement unit’s assets
(Reuters) – Insurer American International Group Inc said BlackRock Inc, the world’s largest asset manager, will manage $60 billion of its global investment portfolio and …
U.S. health insurer Anthem plans to rebrand as Elevance Health
– Anthem Inc said on Thursday it intends to change its name to Elevance Health Inc, as the company looks to shift its focus beyond …
Insurer AIG steps back from coal, Arctic energy underwriting
– U.S. insurer American International Group said on Tuesday it would no longer provide underwriting services and investments for the construction of any new coal-fired …
Insurer AIA Group sells Australian savings and investments business
– Asia-focused insurer AIA Group said on Thursday it would sell its Australian savings and investments business to local life insurance firm Resolution Life Australasia, …
Brazil hospital chain Rede D’or acquires insurer Sulamerica -report
– Brazil hospital chain Rede D’or SA acquired insurer Sulamerica Seguros in a share swap deal, according to a report on Wednesday from local newspaper …
Insurer Phoenix Group appoints Alastair Barbour as interim chair
– British insurer Phoenix Group on Wednesday appointed senior independent director Alastair Barbour as interim chairman to replace current Chairman Nicholas Lyons, who will go …
Potential investors in India LIC’s giant IPO fret over govt control of insurer -sources
By Nupur Anand, Aftab Ahmed and Scott Murdoch MUMBAI – Prospective investors in Life Insurance Corp of India’s (LIC) $8 billion IPO are seeking assurances …
French insurer CNP to stop financing new oil and gas projects
By Simon Jessop LONDON – France’s CNP Assurances will no longer finance new oil and gas projects or invest more money in companies planning to …
Insurer NN Group plans 1 billion euros share buyback as demand remains strong
AMSTERDAM – Dutch insurer NN Group on Thursday announced a 1 billion euros ($1.14 billion) share buyback, as demand for insurance remained strong in the …
Insurer MetLife’s quarterly profit beats on higher investment gains
– MetLife Inc’s fourth-quarter profit rose nearly 7% to surpass Wall Street estimates on Wednesday, as strong investment gains cushioned the hit from higher pandemic-related …