Risk and regulation
The U.S. Supreme Court denied Starr International Co. Inc.'s request for a review of the appeals court ruling that it lacked the standing to sue the U.S. government over the bailout of American International Group Inc., Bloomberg News reported.
The National Association of Insurance Commissioners is looking to make changes to life insurers' risk-based capital calculations for 2018, though the implementation could be delayed to 2019 given a compressed timeframe.
Kindred Healthcare Inc. said a U.S. state court denied a motion to halt the $4.1 billion acquisition of the company by Humana Inc. and two private equity firms.
San Diego Superior Court Judge Katherine Bacal ruled that California Insurance Commissioner Dave Jones erred in ordering State Farm General Insurance Co. to lower homeowners and renters insurance rates in the state by incorrectly calculating the insurer's profits, the Los Angeles Times reported.
Property and casualty
Nationstar Mortgage Holdings Inc. contacted 23 parties, including KKR & Co. LP, to discuss a potential transaction after it launched a sale process in September 2017. KKR was originally contacted as part of a review of strategic alternatives for Xome Holdings. WMIH Corp. entered the picture on Oct. 30, 2017, when two KKR employees, also WMIH directors, brought the potential transaction to the company's attention.
American International Group closed its sale of approximately $2.5 billion in notes and debentures.
Hanover Insurance Group Inc. said it is considering a possible sale of its international specialty insurance business, Chaucer.
Aspen Insurance Holdings Ltd. is in takeover talks with several parties and is preparing to begin a bid process, The Insurance Insider reported, citing sources.
Life and health
Aetna Inc. and Allina Health named Tom Lindquist CEO of their jointly owned healthcare company Allina Hlth & Aetna Insurance Co. Inc.
Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. agreed to again extend their merger agreement's deadline, this time to July 1.
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