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In this list

UnitedHealth unit quits 2 more ACA markets; CNO ends reinsurance deal with Beechwood Re

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UnitedHealth unit quits 2 more ACA markets; CNO ends reinsurance deal with Beechwood Re

In the news

UnitedHealth Group Inc. unit the Affordable Care Actexchanges in Chicago and Georgia and will only offer off-exchange individualplans in 2017, Bloomberg News reported. Harken Health already it will quit the ACA marketin South Florida in 2017.

The unit saw an operatingloss of $69.9 million for the first half of 2016 and a cash injection of$60 million from UnitedHealth in June, ModernHealthcare reported, citing a regulatory .


CNO FinancialGroup Inc. units Bankers Conseco Life Insurance Co. and terminated with Beechwood Re. The unitsare also recapturing about $550 million of closed block long-term care liabilities.Based on preliminary information, CNO expects to record an after-tax charge ofabout $55 million, on a pro forma basis as if a recapture of this business hadoccurred June 30.


plans to eliminateabout 100 jobs in 2016 and hundreds more in 2017 as part of an initiative tocut expenses, the Milwaukee BusinessJournal reported, citing a statement by Chairman and CEO John Schlifske. Northwestern Mutual's Chiefinvestment officer, Ron Joelson, reportedly blamed the low interest rateenvironment that has dampened its income from fixed-income portfolio, puttingpressure on its ability to sell insurance at low cost.


Arch CapitalGroup Ltd. completeda public offering of18 million depositary shares, each representing a 0.001 interest in a 5.25%series E noncumulative preferred share.


The HartfordFinancial Services Group Inc.'s stock declined more than otherinsurers and the broader markets during the week ended Sept. 29, when newsemerged that the P&C insurer is planning to sell its variable annuityrunoff business, Talcott Resolution. The SNL Insurance Index 0.84% to 763.75 for the week endedSept. 29, and the S&P 500 declined 0.63% to close at 2,151.13.

Financial news inother parts of the world

Asia-Pacific:

Europe:RBS unveils ring-fenced face;layoffs loom at ING; Sberbank's blockchain push

Middle East & Africa:New ratings for Iranian banks;Kenyan rate cap boosts lending

Theday ahead

Early morning futuresindicators pointed to a mixed opening for the U.S. market.

In Asia, the Hang Sengdropped 1.86% 23,297.15, and the Nikkei 225 declined 1.46% 16,449.84.

In Europe as of midday, theFTSE 100 had fallen 1.03% to 6,848.45, and the Euronext 100 had fallen 1.28% to868.73.

Onthe macro front

The personal income andoutlays report, the Chicago PMI report, the consumer sentiment report and theBaker-Hughes Rig Count report are due out today.