trending Market Intelligence /marketintelligence/en/news-insights/trending/5v8hI5oMWKIcFiCHLPtHpw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Weekly news: UnitedHealth earnings, cat losses, Sun Life pension risk transfer

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February


Weekly news: UnitedHealth earnings, cat losses, Sun Life pension risk transfer

Life and health

Health Insurance Innovations Inc. extended its ongoing strategic review process, which may lead to a partial or full sale of the company.

Rio Tinto majority-owned subsidiary Iron Ore Co. of Canada Inc. executed a pension risk transfer deal with Sun Life Financial Inc. The buy-in group annuity deal, which is valued at more than C$560 million, covers more than 3,700 retirees and beneficiaries.

Managed care

UnitedHealth Group Inc.'s fourth-quarter 2019 earnings from operations increased to $5.10 billion from $4.50 billion a year earlier.

Property and casualty

Allstate Corp. logged an estimated $25 million in pretax catastrophe losses, or $20 million after tax, in December 2019.

Assured Guaranty Ltd. downplayed the U.S. Supreme Court declining to hear its appeal of a lower court's decision regarding payment of special revenues. An appellate court earlier ruled that the U.S. Bankruptcy Code permits, but does not require, continued payment of special revenues by a debtor while bankruptcy proceedings are pending.

Hanover Insurance Group Inc. expects fourth-quarter 2019 pretax noncatastrophe property losses to exceed expectations by approximately $20 million, which will be partially offset by lower-than-expected catastrophe losses.

Mercury General Corp. disclosed catastrophe loss estimates of $36 million pretax, or $28 million after tax, for the fourth quarter of 2019. Losses stemmed primarily from California wildfires and other weather-related catastrophes.

Also featured

Calmer politics, Medicare Advantage growth bode well for health insurer earnings

Large South Carolina LTC rate increase requests prompt public hearings

Looming Demotech downgrades could trigger more Florida property insurance M&A

Count of Florida-based insurers in post-Demotech-warning deals grows to 4

Certain perils becoming pricier, harder to cover as climate risks grow