Twelve managed-care companies are challenging Florida's award of Medicaid
UKnight Interactive sued
The New York State Office of the Attorney General has asked the public to comment on the sale of New York State Catholic Health Plan Inc., which does business as Fidelis Care New York. Centene Corp. has agreed to buy substantially all of the assets of Fidelis Care for $3.75 billion. The office is reviewing the transaction to determine whether the price and terms are fair and reasonable.
As expected, Transatlantic Holdings Inc.'s catastrophe bond
United Insurance Holdings Corp., through its wholly owned subsidiaries, entered into reinsurance agreements to seek coverage for catastrophe losses from named or numbered windstorms and earthquakes.
An Aon Risk Solutions survey indicated that the price per million of directors and officers liability insurance
After pricing below its expected IPO
Aon PLC named Richard Schuyler as CEO
Trisura Group Ltd. reported first-quarter net income
Kingsway Financial Services Inc. entered into a letter of intent to sell
An affiliated fund of Palladium Equity Partners LLC has agreed to sell Pronto Holdco LLC to Risk Placement Services Inc., a unit of Arthur J. Gallagher & Co. Texas-headquartered Pronto Holdco is the parent company of Pronto Insurance, a full-service managing general agency, broker and claims administrator.
Featured news
Novartis picks finalists for generics portfolio; AstraZeneca drug fails trial: The World Health Organization is preparing for the worst-case scenario in a new outbreak of Ebola virus in the Democratic Republic of Congo, Reuters reported. Peter Salama, WHO deputy director-general of emergency preparedness and response, said he hoped the country would allow the deployment of an experimental vaccine, but also warned about its complexity.
Financial news in other parts of the world
Asia-Pacific: JPMorgan applies for China JV; ANZ may sell NZ life ops; Indian bank posts loss
Europe: Monte Paschi, Piraeus Bank report Q1; Bank of England holds rates
Middle East & Africa: US sanctions Iran currency network; South Sudan gets new central bank chief
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng rose 1.02% to 31,122.06, and the Nikkei 225 climbed 1.16% to 22,758.48.
In Europe, around midday, the FTSE 100 was down 0.09% to 7,693.397, and the Euronext 100 was down 0.19% to 1,068.34.
On the macro front
The import and export prices report, the consumer sentiment report and the Baker-Hughes Rig Count report are due out today.
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