Cigna and Humana in deal talks to create US medical insurance large

Unlock the Editor’s Digest without spending a dime Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication. Cigna is in talks to merge with Humana in a deal that will create a US medical insurance large price $140bn and supply a big check for antitrust authorities, based on individuals briefed…

KKR takes full management of World Atlantic because it rearranges its funds

Keep knowledgeable with free updates Merely signal as much as the Non-public fairness myFT Digest — delivered on to your inbox. US personal fairness group KKR is shopping for the remaining 37 per cent stake in World Atlantic, the life insurer it took management of in 2021, for $2.7bn because it takes full possession of…

Tokio Marine warns on insurers backing away from local weather dangers

Unlock the Editor’s Digest at no cost Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication. The top of Tokio Marine has stated the Japanese insurance coverage firm “can’t run away from” pure disaster danger regardless of deepening considerations amongst buyers and policymakers over rising business losses linked to local…

How the increase in non-public medical insurance coverage is exposing its personal flaws

Non-public medical insurance coverage is booming: unprecedented ready lists for remedy within the UK’s strained NHS and a disaster in major care have pushed demand to its highest in years. However the surge in demand is storing up issues for well being insurers — and the shoppers counting on them. Sufferers going non-public encounter insurers…

International tax clampdown fuels growth in insurance coverage towards expensive rulings

Unlock the Editor’s Digest at no cost Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication. As governments all over the world promise to clamp down on tax avoidance, there’s a growth available in the market for insuring towards expensive disputes with the taxman. Brokers and underwriters say 2023 shall…

Lloyd’s brokers settle with US DoJ over Ecuadorean bribery scheme

Unlock the Editor’s Digest without spending a dime Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication. Two London insurance coverage brokers have settled with the US authorities over their participation in a scheme to pay bribes of $2.8mn to Ecuadorean officers by way of Florida financial institution accounts to…

Generali govt warns on personal fairness funds in insurance coverage

Unlock the Editor’s Digest without spending a dime Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication. The finance chief of Italy’s greatest insurer has expressed issues about doubtlessly conflicting pursuits when life insurance coverage corporations are owned by personal fairness funds, as nervousness grows in regards to the penalties…

Jeremy Hunt to unveil expanded function for UK’s pensions lifeboat fund

Keep knowledgeable with free updates Merely signal as much as the Pensions business myFT Digest — delivered on to your inbox. The federal government is pushing forward with a controversial proposal to increase the function of the UK’s pension lifeboat fund because it seems for tactics to unlock billions of kilos of retirement fund capital…