Life - Articles - Major US Life acquisitions


 Aetna to buy Coventry Health Care

 Aetna and Coventry Health Care have announced that they have entered into a definitive agreement pursuant to which Aetna will acquire Coventry in a transaction valued at $7.3bn, including the assumption of Coventry debt.

 Coventry is a diversified managed health care company that offers a full portfolio of risk and fee-based products, including Medicare Advantage and Medicare Part D programmes, Medicaid managed care plans, group and individual health insurance, coverage for specialty services such as workers’ compensation, and network rental services. The acquisition is projected to add nearly 4 million medical members and 1.5 million Medicare Part D members to Aetna’s membership. On a pro forma basis, the transaction increases Aetna’s share of revenues from Government business to over 30 from 23% currently.

 Generali to sell off US life reinsurance book?

 Generali has hired Citigroup to advise on the planned sale of its US life reinsurance business, Generali Life Reassurance Co.

 The price tag could be between £800m and $1bn.

 Clal to sell US unit to Berkshire Hathaway

 Israeli insurer Clal has signed an agreement to sell its US unit, Guard Financial Group, to Berkshire Hathaway's National Indemnity Group, for $221m in cash and the release of a $48m guarantee given by Clal to secure a loan from a bank.

 Clal, who have been in negotiations since April, had hoped to get more. It bought Guard five years ago for $120m plus a profit-related payment over the first three years.
  

Back to Index


Similar News to this Story

IPT receipts hit over GBP1 billion in November 2024
According to this morning’s HMRC data, Insurance Premium Tax (IPT) receipts reached £1.2 billion in November 2024, bringing the eight-month 2024/25 to
Healthy life expectancy data hint at post pandemic recovery
New figures published last week by ONS show Healthy Life Expectancy for younger age groups is lower than a decade ago although older ages have seen a
Treatments through PMI hit record in first half of the year
Over seven in 10 of all private health treatments are now being funded via PMI. Record H1 in 2024 for PMI-funded health admissions as employers expand

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.