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Insurance
The Hartford has entered into a definitive agreement to sell its run-off life and annuity businesses Talcott Resolution to a group of investors for a total value of around $3 billion. 4 December 2017
Insurance
US drugstore operator CVS Health agreed to buy health insurer Aetna for a total value of $77 billion as it plans to push down costs. 4 December 2017
Insurance
Spain-based Mapfre will pay out more than €1.1 billion to its clients in relation to the natural catastrophes occurred in the third quarter of 2017 and has announced a reorganisation of its international business and a reduction of its US presence. 4 December 2017
Insurance
Florida’s Citizens Property Insurance Corporation has closed nearly two-thirds of the 62,000 Irma-related claims but retains $6.4 billion in surplus as the hurricane season ends. 4 December 2017
Insurance
Insurer Alliant has hired Charlie Long for its energy and marine group, where he will provide targeted solutions to the company’s international client base. 4 December 2017
Insurance
Specialist niche-product managing general agent (MGA) Ascent Underwriting has extended its cyber offering to cover social engineering and computer crime, and provide modules of coverage on a nil deductible basis. 4 December 2017
Insurance
Industry veteran Joseph Boren, chairman of Ironshore environmental and president of US field operations, is set to retire from the Liberty Mutual-owned company at the year-end 2017. 1 December 2017
Insurance
Specialist insurer Beazley has established its new US marine platform with an initial focus on hull, protection & indemnity (P&I) and liability coverage for the marine and marine construction sectors. 1 December 2017
Insurance
Randall and Quilter Investment Holdings (R&Q) has completed the sale of its Lloyd's managing agency to US medical professional liability insurer Coverys, after receiving all regulatory approvals. 1 December 2017
Insurance
Genworth Financial and China Oceanwide Holdings have agreed to terminate their previously announced merger agreement and extended the previous deadline of November 30 to April 1, 2018, allowing for additional time for regulatory reviews of the transaction. 30 November 2017
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