Centene said Monday it has entered into an agreement to acquire health care analytics company Apixio in a move that will provide the health insurer with artificial intelligence options to add to its technology lineup.
Australian insurance companies will likely continue to see depressed earnings and slow premium growth this year as the COVID-19 pandemic and extreme weather dampen economic conditions, according to Fitch Ratings.
The University of Texas Medical Branch said on Thursday that it is cutting ties with Aetna, claiming the insurer does not pay a competitive rate for its healthcare services in the latest dispute between healthcare systems and insurance companies over pricing of medical care.
Aon said Friday that large insured losses are expected from an Oct. 30 earthquake that damaged thousands of buildings in Turkey and Greece, with the United States Geological Survey estimating losses up to $1 billion.
American International Group executives said the carrier’s third-quarter turnaround allows it to push ahead with structural overhauls, including divesting its life insurance business through either an initial public offering or private sale.
CVS Health tapped Aetna President Karen Lynch as its the new CEO on Friday , as the health care company revealed that its benefits segment showed a 24.1% year-over-year drop in adjusted operating income for the third quarter due to planned COVID-19-related investments and the divestiture of its workers’ compensation business.
Allianz on Friday posted a surprise 5.9% bump in its net profit for the third quarter, but executives expressed continued cautiousness about the near future as the pandemic's impact continues to take a toll.
An alliance of global investors managing $5 trillion in assets sharply cautioned portfolio companies against involvement in thermal coal projects Friday, noting possible divestment as its members decarbonize their investments.
Canada’s largest property and casualty insurer, Intact Financial, and Danish insurer Tryg have teamed up to make a GBP 7.1 billion ($9.33 billion) takeover offer for British insurer RSA, potentially allowing Intact to expand into Europe.
Cyber insurtech Cowbell partnered with Mylo, a digital selling tool created by Lockton, the world’s largest private insurance broker, to expand its reach with small business clientele.
American International Group reported adjusted earnings of $709 million for the third quarter, exceeding Wall Street projections as rate improvements and improved investment returns outweighed heavy catastrophe losses for the carrier.
Insurance brokerage Marsh said Thursday that its Global Insurance Market Index, which measures global insurance premium pricing changes at renewal, showed a 20% year-over-year spike during the third quarter, an increase that it said is the index’s largest since it was established in 2012.
Barings, a subsidiary of insurer MassMutual, said Thursday its current president Mike Freno, who has been credited with keeping the company strong during the COVID-19 pandemic, has been named chairman and CEO of the $346 billion asset manager as its current leader departs to join the board at Invesco.
MetLife executives said they expect the carrier to show improved profitability following a third quarter in which it expanded its major U.S. and Asia businesses, grew sales and cut expenses.
A group of Spanish banks and insurance companies that includes Banco Santander, CaixaBank and Mapfre said on Thursday that they have partnered to work on a digital user identity based on blockchain, an offering that is meant to offer personal-data control and simplicity when signing up for services.
Insurers won’t be allowed to not renew or cancel certain residential property policies in California for one year, the state’s insurance commissioner declared Thursday, as the regulator of the largest U.S. insurance market continues to fret about the availability of homeowners insurance amid devastating wildfires.
Insurance marketplace Lloyd’s of London said Thursday that it plans to reduce operating costs for brokers, underwriters and its business partners by GBP 800 million ($1 billion), or around 3% of the total, over the next two years by embracing technology to increase automation and reduce bureaucracy.
Liberty Mutual is offering select eligible employees an early retirement package, the Massachusetts-based insurer said Wednesday, even as profits rose and operating costs fell during the third quarter despite the global COVID-19 pandemic.
Allstate more than doubled profits in its extended warranty business and increased those policies in force by 50% year-over-year during the third quarter, amid a surge in consumer electronic sales during the pandemic.
Munich Re expects a continued sizable impact from event cancellations through the end of the year, notwithstanding a recent decision to suspend the sale of pandemic-related coverage for business losses in new property and casualty insurance contracts that the reinsurer’s financial chief stated Thursday affects “pretty much all lines of business.”