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...Mitsui chief executive Shinichiro Funabiki told the FT last month that the group had decided to focus its growth plans on London, and MS Amlin in particular, because of the city’s “history and expertise”...
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...About 40 per cent of the votes cast at the group’s annual meeting in 2021 were against the remuneration plan, which is set every three years....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...The positive data will also be a boon to Eli Lilly’s efforts to push for more widescale coverage of the drugs by private insurers and US federal health insurance programme Medicare, which were both initially...
...James Daley, managing director of Fairer Finance, a consumer group that rates and reviews financial services providers, said the growth in private health insurance was likely to continue, although he described...
...Asked if the savings target — which equates to just over a 10th of the group’s cost base — would include job cuts, Winslow said the company was “not announcing anything on jobs today” and would talk to colleagues...
...Total returns for the group’s shares have underperformed the Stoxx 600 insurance sector by a third over the past three years....
...Private health sales rose 41 per cent in 2023, as Aviva continued to benefit from strains on public healthcare. Premiums from its general insurance division, which includes car insurance, also grew....
...Spire has been expanding in complementary services and in October paid £74mn for Vita Health Group, a mental health provider....
...Axa’s new strategy and bet on rising commercial insurance prices marks a shift from the group’s last three-year plan, which focused on building up health insurance sales....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...Others in the sector were down more than 3 per cent, including Solventum, the healthcare group that was spun out from 3M earlier this week....
...An IPO could happen as early as late July as the company looks to cash in on investor excitement about the next generation of weight-loss drugs and a revival in the biotech IPO market....
...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....
...A combination between Cigna and Humana would help the companies compete with larger rivals such as UnitedHealth Group and Elevance Health, formerly known as Anthem....
...Unlike Humana, CVS Health also offers pharmacy, retail and healthcare services. The group reported that revenue grew about 12 per cent to $93.8bn....
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...Employers’ association the CBI has proposed that employee assistance programmes, such as health insurance, be made a fully tax-free benefit, while the CBI and British Chambers of Commerce are calling for...
...Cigna is reportedly in talks to merge with Humana in a deal that would create a US health insurance company worth $140bn....
...But health insurance “doesn’t do what the NHS does . . . It’s a very restrictive model.”...
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...The act has resulted in tougher reimbursement talks between medical groups and the insurance companies that pay the bills, and meant cash flows have become harder to predict, or even dried up in some cases...
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