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...Lawyers’ fees account for just over half of the cost, with another third paid to insurance advisers....
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...As Jefferies analyst David Windley explained to me, Cigna is the cheapest of the big health insurance stocks in part because it has the least exposure to Medicare Advantage — that is, to managing older patients...
...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...
...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....
...The London-listed insurance group said it had not yet set any reserves aside for the “emerging event” but it expected the net loss to be “moderate” due to its own risk-sharing arrangements....
...A combined Cigna and Humana would help the companies compete with larger rivals including UnitedHealth Group and Elevance Health....
...Email me while the good times last: robert.armstrong@ft.com....
...Robert ArmstrongI like it. My next pick was Everest Group, which is a reinsurer. So they are an insurance company for insurance companies....
...Robert Armstrong(Laughter) Well, they buy and sell stuff like huge railroads, hundreds of billions of dollars of Apple stock, many insurance companies, many utilities and energy companies....
...Two more stocks of interest We have already written about three of our entries in the FT’s 2024 stock picking competition: Everest Group, Cigna and Dollar Tree....
...Additional reporting by Robert Wright...
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...Cigna is reportedly in talks to merge with Humana in a deal that would create a US health insurance company worth $140bn....
...group, and then reinsure losses above that at Lloyd’s of London....
...Insurance groups are now bracing themselves for billions of dollars of losses stemming from the accident, with reinsurers likely to foot the bill in a legal fallout expected to last for years....
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...Further complicating matters, specialised insurance firms have also written contracts protecting some bondholders from a default....
...While the bulk of Greensill Bank’s €3.5bn deposits were covered by an insurance scheme, the collapse inflicted severe losses on a number of small towns and municipalities who had about €500mn of uninsured...
...UnitedHealth Group’s OptumRx and Cigna’s Express Scripts, the two other large PBMs, have continued to give Humira preferred placement on their formulary lists as AbbVie has offered them bigger rebates....
...Insurance Australia Group, which is being sued by Greensill investors nursing billions of dollars of losses, has accused the defunct supply-chain finance group of concealing the fact it had agreed to fund...
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. Japan equities: what recession?...
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...I'm drawing all over your psephological - I'm really sorry about that, Robert. But I think that's quite interesting in terms of this pitch....
...We’ve also seen Momentum, the Corbynite campaign group within Labour, leap on the Rochdale result to say this is down to Starmer’s twin failures on candidate selection....
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