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CVS Acquisition of Aetna Expected to Close After Thanksgiving
CVS Health Corp. said on Tuesday that it expects to close its $69 billion purchase of health insurer Aetna Inc. after the Thanksgiving holiday. The pharmacy chain and benefits manager had previously expected the transaction to close by Nov. 22. …

POSTED NOVEMBER 20, 2018 2:02 PM
U.S. Court Affirms Dismissal of IPO Investors’ Claims Against Barclays
Barclays Plc is not liable to investors who bought its U.S.-listed stock a few months before the 2008 financial crisis and accused the British bank of hiding its risky debt exposure and a capital shortfall, a U.S. court ruled on …

POSTED NOVEMBER 20, 2018 1:56 PM
Lowell Joins The Hartford to Head Small Business Innovation Lab
The Hartford has appointed Christopher Lowell to lead its Small Business Innovation Lab, which will design and test new products and business models to meet the needs of The Hartford’s small business customers. “The lab is part of the company’s …

POSTED NOVEMBER 20, 2018 1:00 PM
Finnish Software Firm Basware Confirms Takeover Bid, Backed by Investors Including Ping An
Finnish software maker Basware confirmed the unsolicited takeover approach it received was from payment-technology startup Tradeshift Holdings Inc. The indicative proposal came from San Francisco-based Tradeshift, Basware said in a statement Tuesday in response to a Bloomberg News report. The …

POSTED NOVEMBER 20, 2018 12:17 PM
Prime Minister May’s Brexit Deal Has Fatal Defect: Opinion
Last week Theresa May unveiled her draft agreement with the European Union on the terms of Britain’s exit. The reaction was exactly as expected. Remainers despaired because the deal is so much worse than staying in the union — which …

POSTED NOVEMBER 20, 2018 11:49 AM
Commonwealth Bank of Australia CEO Blames Predecessor for Insurance Mis-Selling
Commonwealth Bank of Australia Chief Executive Officer Matt Comyn has pinned the blame on predecessor Ian Narev for failing to stop selling credit card insurance that some customers couldn’t claim on. Narev told Comyn to “temper your sense of justice” …

POSTED NOVEMBER 20, 2018 11:23 AM
Report Identifies P/C Insurance Companies with the Best Reputations
USAA Insurance has the highest and best overall reputation among insurers, according to a new report from the Reputation Institute. The insurer landed in the top spot based on criteria including strong reputation, relevancy, expressiveness (brand strength, informativeness, relevancy), products …

POSTED NOVEMBER 20, 2018 11:00 AM
AXA XL Buys 100% of New Ocean to Build Alternative Capital Business
AXA XL’s reinsurance operation has completed the acquisition of all third party ownership interests in its majority-owned asset management affiliate, New Ocean Capital Management Ltd. New Ocean is now a wholly owned subsidiary within AXA XL’s alternative capital business, under …

POSTED NOVEMBER 20, 2018 10:37 AM
Brexiteer Plot to Oust UK Prime Minister May Falters
Evidence is mounting that the plot to oust U.K. Prime Minister Theresa May is faltering. To trigger a vote of no confidence in her leadership, a total of 48 Conservative lawmakers need to submit letters, texts or emails calling for …

POSTED NOVEMBER 20, 2018 9:55 AM
How Insurance Market Will Expand in Age of Autonomous Vehicles
Though it’s estimated that by 2025 auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage, according to a report by …

POSTED NOVEMBER 20, 2018 6:00 AM

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