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Insurance
US-based Prosperity Life Insurance Group, a provider of protection, supplemental and asset accumulation products, has been bought by an investor group including hedge fund manager Elliott and insurance-focused private investment firm Wand Partners. 14 March 2018
Insurance
AM Best has placed the credit ratings of US health insurer Cigna Corporation and its insurance subsidiaries under review with negative implications following the firm’s plan to acquire Express Scripts Holding Company for $67 billion. 14 March 2018
Insurance
Insurance broker Marsh has joined the Enterprise Ethereum Alliance (EEA). 14 March 2018
Insurance
UK life insurer Prudential has sold a £12 billion UK annuity portfolio to Rothesay Life. 14 March 2018
Insurance
UK-based life insurance group Prudential is to demerge its UK & Europe business (M&G Prudential) from the US, Asia and Africa business, creating two separately-listed companies. 14 March 2018
Insurance
Specialty re/insurer Canopius has appointed Laurie Davison as group chief operating officer (COO) and Nigel Meyer as group chief financial officer. 14 March 2018
Insurance
Sirius International Insurance Group is in negotiations to raise around $400 million in equity to help shoulder acquisitions and prepare for an IPO. 14 March 2018
Insurance
UK-based savings and protection products provider Prudential has grown after tax profits by 24 percent year on year ahead of the demerger of its global business. 14 March 2018
Insurance
Specialty insurer Markel Corporation has appointed Julia Chu to the newly-created position of chief global ceded reinsurance officer. 14 March 2018
Insurance
Bermuda-based re/insurer Arch Capital Group is taking part in a new mortgage credit risk transfer pilot programme with Federal Home Loan Mortgage Corporation Freddie Mac. 14 March 2018
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