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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...“There has not been a lot of new companies and additions to capital, which given the current levels of profitability . . . you would expect [to] happen....
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance company, according to people familiar with the matter....
...The company also pulled its 2025 target of adjusted earnings of $37 a share. Humana warned investors last week that higher costs were becoming a problem....
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
...Cigna is in talks to merge with Humana in a deal that would create a US health insurance giant worth $140bn and provide a significant test for antitrust authorities, according to people briefed about the...
...Cigna is in talks to merge with Humana for a deal that would create a US health insurance giant with a combined enterprise value of about $140bn, said people briefed on the matter....
...Humana now expects diluted earnings to be $20 a share for the year ended December 31 2023, down from previous guidance of $26.31 a share....
...The US healthcare company said it now expected diluted earnings per share to be at least $7.06, down from previous estimates of at least $7.26....
...The latest number was unchanged from the government’s forecast in January, dashing hopes of an earnings boost for companies servicing that segment....
...Humana, with significant exposure to Medicare Advantage, was the biggest loser in the S&P 500. Its 13.4 per cent drop on Tuesday represented its third-biggest one-day fall of the past decade....
...New York’s attorney-general has urged a judge to invalidate a $175mn bond posted by Donald Trump to halt enforcement of a half-billion dollar fraud judgment against him and his businesses, arguing that it...
...” for a valid surety in New York....
...Shares of UnitedHealth Group fell 6.3 per cent after rival health insurer Humana said it expects the industry wide trend of high medical costs to become a permanent phenomena, and delivered a grim earnings...
...A string of big home insurers have halted new business in California, for example, in response to a surge in extreme weather losses....
...Share moves to note on the New York Stock Exchange include Macy’s, Cigna, and Tesla: Macy’s surged 20 per cent following reports the department store operator was the subject of a potential $5.8bn buyout...
...Cigna is reportedly in talks to merge with Humana in a deal that would create a US health insurance company worth $140bn....
...to obtain the full amount from an insurance company....
...The board of the Federal Deposit Insurance Corporation on Thursday was scheduled to vote on the proposals, one from Republican member Jonathan McKernan and the other from Rohit Chopra, a Democrat....
...Donald Trump is unable to raise the $450mn bond needed to postpone the enforcement of a fraud judgment against him in a New York civil court, his lawyers said on Monday....
...Government bond yields dipped after new gross domestic product data provided further evidence of the resilience of the US economy....
...As television cameras and cheering crowds looked on, a tough-talking Trump vowed to “straighten New York out”....
...Best known for arranging large corporate buyouts, Apollo’s business grew quickest in its rapidly expanding insurance operations, which drew the majority of the $32bn in new capital the group raised in the...
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
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