Insurance

Aetna, the insurance business of American retail pharmacy chain CVS Health, has signed a four-year reinsurance arrangement with Vitality Re X. The arrangement will enable CVS Health to slash its required capital and offer $200m of collateralised excess of loss...

Howden, the retail broking unit of Hyperion Insurance Group, has partnered with cyber risk assessment services provider Cytegic to automate cyber risk assessment and financial impact analysis across global insurance markets. Cytegic is a cyber risk assessment company that developed...

Wescom Financial Services and Simplicity Life have formed a strategic partnership to enhance, expand, and provide more insurance sales support for Wescom Financial Services Advisors and Member Services Representatives. Wescom Financial Services went through an extensive RFP and search...

Alera Group, a leading national insurance firm announced its acquisition of HighRidge Insurance Services. HighRidge, located in Westlake Village, California, provides employee benefits services to clients throughout the state. With an emphasis in strategy consulting, the firm designs benefit...

Edelweiss Tokio Life Insurance, a private life insurer, has tied up with MobiKwik, a leading fintech platform, to offer mobile-based group insurance solutions for the latter’s customers. Through this partnership, Edelweiss Tokio Life will offer life insurance in the variants...

British life and general insurer Aviva (AV.L) is looking to sell its Asia business, valuing the unit at more than $2 billion, two sources familiar with the matter told Reuters. Aviva is working with a financial adviser on a possible...

The Travelers Companies, Inc. says its insurance customers can now receive claim payments through the digital platform PayPal. Auto, property and general liability claims can use Travelers’ link to PayPal for fast and easy reimbursement, the company said in...