Category: insurer
-
Cigna resumes mega merger talks with rival health insurer Humana, Bloomberg News reports
•
(Reuters) – U.S. health insurer Cigna Group has revived merger efforts with smaller rival Humana after it abandoned the pursuit late last year, Bloomberg News reported on Friday, citing people familiar with the matter. The two companies recently held early, informal discussions about a potential deal, the report said. Shares…
-
CVS Health upgraded at TD Cowen after insurer unveils 2025 Medicare Advantage plan By Investing.com
•
Investing.com – Analysts at TD Cowen raised their rating on CVS Health (NYSE:) to “buy” from “hold,” citing changes to Medicare Advantage plan benefits for 2025 announced earlier this week. Along with peers like Humana (NYSE:) and Cigna (NYSE:), CVS unveiled details of next year’s government-backed health insurance plans for…
-
CVS Health upgraded at TD Cowen after insurer unveils 2025 Medicare Advantage plan By Investing.com
•
Investing.com – Analysts at TD Cowen raised their rating on CVS Health (NYSE:) to “buy” from “hold,” citing changes to Medicare Advantage plan benefits for 2025 announced earlier this week. Along with peers like Humana (NYSE:) and Cigna (NYSE:), CVS unveiled details of next year’s government-backed health insurance plans for…
-
Insurer Manulife’s second-quarter profit rises on strong Asia growth By Reuters
•
(Reuters) – Canada’s Manolive Financial Inc reported better-than-expected quarterly profit on Wednesday, helped by a 40 percent rise in earnings from Asia, a region the insurer is betting on for growth. The Asia business, which includes operations in 12 markets and more than 100 banking partnerships, is among the insurer’s…
-
Health insurer Elevance beats profit estimates on lower medical costs By Reuters
•
By Sriparna Roy and Bhuyan Singh (Reuters) – Elevance Health Inc beat Wall Street estimates for quarterly profit on Wednesday as the company spent less than expected on covering medical costs for its members. Strength in the Carelon Healthcare Services unit, higher premiums and membership growth in Obamacare and commercial…
-
Insurer Chubb prepares to pay $350 million in Baltimore bridge collapse, WSJ reports By Reuters
•
(Reuters) – Chubb, the insurer of the Francis Scott Key Bridge in Baltimore that collapsed in March, is preparing to pay $350 million in damages to the state of Maryland, The Wall Street Journal reported on Thursday. The report said the payment is expected to be approved within weeks, citing…