Month: August 2017

Aetna’s profits rise without Obamacare while Molina’s sink with it

Aetna and Molina Health’s latest results are a stark reminder that government health programs continue to be a source of profitable growth for health insurers, if managed well, as long as you’re not talking about the Obamacare exchange market. “Operating results in our government business remain robust, with government premiums representing more than half of total Health Care …

Sports Direct loses biggest independent investor

Standard Life offloads entire 5.8% holding and Aviva sells down stake amid concerns over corporate governance issues Sports Direct has lost its biggest independent investor as some fund managers fear the crisis-hit retailer is incapable of addressing its corporate governance issues. The Guardian has learned Standard Life, the largest independent investor at last year’s annual meeting, has …

Government unveils plan to reduce need for international aid spending through development of insurance markets

The British Government plans to leverage the wealth and expertise of the City of London to help disaster-hit third world nations, Theresa May has announced. At the G20 conference in Hamburg, the Prime Minister unveiled the establishment of a new London Centre for Global Disaster Protection, which will help the governments of developing countries plan for disasters such as droughts …

Arthur J. Gallagher & Co. Buys Canadian Broker GPL Assurance

Arthur J. Gallagher & Co. announced the acquisition of GPL Assurance Inc. (GPL), located in Montreal, Quebec. Terms of the transaction were not disclosed. Founded in 1968, GPL is a retail insurance broker offering commercial property and casualty services to large corporations, middle-market and small business clients, as well as personal lines solutions for individuals, …