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Insurance
US health insurer Cigna Corporation has entered into a definitive agreement to acquire pharmacy benefit manager Express Scripts for a cash and stock transaction of approximately $67 billion, including about $15 billion in Express Scripts' debt. 8 March 2018
Insurance
Validus Specialty has expanded its product portfolio with an admitted, private company commercial directors and officers (D&O) policy, while appointing a senior underwriter. 8 March 2018
Insurance
American International Group (AIG) has reviewed reserves throughout “the course of the year” with no material warning signs coming to light, Morgan Stanley analysts were told at the annual Association of Insurance and Financial Analysts (AIFA) conference. 8 March 2018
Insurance
Anthony Kuczinski, president and chief executive officer of Munich Reinsurance America, has been elected chairman of American Insurance Association's (AIA) board of directors. 8 March 2018
Insurance
ASSA Compañía Tenedora is the ninth member joining Blue Marble, a consortium of insurers and reinsurers focused on providing insurance to the 2 billion people around the world facing financial protection gaps. 8 March 2018
Insurance
California’s insurance commissioner has issued a Cease and Desist Order against Access Insurance Company, which requires the company to immediately stop transacting, soliciting, negotiating, or administering and writing any new or renewal insurance business of any kind in the state of California. 7 March 2018
Insurance
Liberty Mutual Insurance has appointed Shelia Anderson to the newly-created role of corporate functions chief information officer, reporting to executive vice president and chief information officer (CIO) James McGlennon. 7 March 2018
Insurance
Ironshore subsidiary and managing general agent (MGA) Iron-Starr Excess Agency has expanded its partnership with Oil Casualty Insurance (OCIL) to underwrite property lines. 7 March 2018
Insurance
Fitch Ratings has placed the ratings of XLIT (XL, a Cayman Islands subsidiary of XL Group) and its property/casualty re/insurance subsidiaries on Rating Watch Positive from Negative Outlook following the planned acquisition by AXA. 7 March 2018
Insurance
Fitch Ratings has threatened to downgrade AXA following the plan to acquire XL Group due to financing risks related to the planned IPO of AXA’s US subsidiary. 7 March 2018
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