Category Insurance

Tencent, Ping An lead Hong Kong stock advance as investors anticipate tech earnings and state-owned firms get boost

Hong Kong stocks rose on a rally in tech stocks as investors anticipated strong net profits from Tencent and Alibaba in their quarterly earnings releases. Banks and insurers gained, following onshore peers that have benefitted from government initiatives to boost the valuation…

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Elevance Health Announces Appearance at the Bernstein 39th Annual Strategic Decisions Conference

Elevance Health (NYSE: ELV) announced today that senior management is scheduled to present at the Bernstein 39th Annual Strategic Decisions Conference in New York City on June 1, at 8:00 a.m. Eastern Daylight Time (EDT). All interested parties are invited to listen to…

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‘Stunning’ change to United’s colonoscopy coverage roils physicians and patients

When gastroenterologists learned in March that UnitedHealthcare plans to barricade many colonoscopies behind a controversial and complicated process known as prior authorization, their emotions cycled rapidly between fear, shock, and outrage. The change, which the health insurer will implement on June 1,…

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Chubb Appoints Mark Homan to Lead International Property and Casualty Division

Chubb today announced that Mark Homan has been appointed Division President, International Property and Casualty, for Overseas General Insurance, the company’s international general insurance operations. Currently, he serves as Chief Operating Officer for the division. In his new role, which is effective June…

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Allianz increases operating profit by almost a quarter to 3.7 billion euros

Group confirms full-year outlook1Q 2023:   Total business volume rises 3.9 percent to 46.0 billion euros operating profit increases 24.2 percent to 3.7 billion euros; strong performance particularly in Life/Health and Property-Casualty business segments Shareholders’ core net income strong at 2.2 billion…

Read MoreAllianz increases operating profit by almost a quarter to 3.7 billion euros