American Equity Investment Life Holding Co. is discussing a potential sale
Reuters also reported that General Electric Co. is examining ways to off-load its troubled insurance business.
Anthem Inc. agreed to acquire Aspire Health, a non-hospice, community-based palliative care provider.
Insured losses
The first quarter saw $724 million in insurance technology
First-quarter indexed annuity
A federal appeals court
Lloyd's of London received license approval from the National Bank of Belgium for its Brussels unit, which will be its EU base when the U.K. exits the bloc.
In Asia, MS&AD Insurance Group Holdings Inc. unit Mitsui Sumitomo Insurance Co. Ltd. agreed to acquire Commonwealth Bank of Australia's 37.5% stake in BoCommLife Insurance Co. Ltd., which is majority-owned by Bank of Communications Co. Ltd., Tokyo's The Nikkei reported.
China's Anbang Insurance Group Co. Ltd. is selling its 91.65% stake in Century Securities Co. Ltd. for at least 3.56 billion yuan in what would be the insurer's first asset divestment since being seized by authorities in February, Reuters reported, citing exchange filings.
The Insurance Regulatory and Development Authority of India is expected to accept a recommendation to remove state-owned General Insurance Corp. of India's first preference over foreign reinsurers in certain business segments such as aviation, marine hull and life, CNBC TV18 reported.
Operational and legal complexities, as well as preparing for the tight reporting window for breach notification, are the main challenges for insurers and reinsurers as they work toward complying with the EU's General Data Protection Regulation, which takes effect Friday, according to A.M. Best.
MetLife Inc.'s board authorized the company to buy back $1.5 billion of its common stock, while in Switzerland, Zurich Insurance Group AG wrapped up a CHF548.2 million buyback.
Featured news
Right-to-try bill reaches Trump's desk; US may deploy new Ebola therapy in Congo: The U.S. House of Representatives passed the right-to-try bill in a 250-169 vote; and the U.S. may deploy an experimental treatment for Ebola in the Democratic Republic of Congo after a request by the country's health minister.
Financial news in other parts of the world
Asia-Pacific: China's Anbang to exit securities unit; Mitsui Sumitomo to buy BoCommLife stake
Europe: Barclays said to mull merger with StanChart; Julius Bär AUM breach CHF400B
Middle East & Africa: Emirates NBD snaps up DenizBank; Nigeria holds rates; Misr to list 2 units
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Nikkei 225 dropped 1.18% to 22,689.74.
In Europe, around midday, the FTSE 100 slid 0.73% to 7,819.62 and the Euronext 100 shed 1.01% to 1,076.46.
On the macro front
Reports due out today are bank reserve settlement, MBA mortgage applications, PMI composite flash, new home sales and EIA petroleum status.
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