Life and health
Apollo Global Management LLC and Athene Holding Ltd. have agreed to buy PK AirFinance SA, an aviation lending business, from GE Capital Aviation Services Inc. Per terms of the deal, Apollo will acquire the PK AirFinance aircraft lending platform and Athene will acquire PK AirFinance's existing portfolio of loans.
Zurich Insurance Group AG is considering a divestiture of Chicago-domiciled U.S. life insurance business Zurich American Life Insurance Co., Insurance Insider reported.
Managed care
HealthEquity Inc. completed its acquisition of WageWorks Inc. HealthEquity also announced that it will invest between $80 million and $100 million over the next 24 to 36 months to improve service and strengthen data security and privacy protections.
Property and casualty
Rep. Sean Duffy, R-Wis., a champion of National Flood Insurance Program reform, announced on Aug. 26 that he will resign from Congress, citing complications related to his wife's pregnancy.
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