Allstate to promote Group Well being enterprise to Nationwide  – Model Slux

Allstate to promote Group Well being enterprise to Nationwide  – Model Slux

NORTHBROOK, In poor health., Jan. 30, 2025 – The Allstate Company (NYSE: ALL) introduced a definitive settlement to promote its Group Well being enterprise to Nationwide for $1.25 billion in money, adjusted for the closing steadiness sheet, and topic to straightforward closing circumstances together with regulatory approvals. For the primary 9 months of 2024, Group … Read more

R&Q to Promote Stake in Obra Joint Enterprise for $30M, Expects “Vital Pre-Tax Loss” – Model Slux

R&Q to Promote Stake in Obra Joint Enterprise for M, Expects “Vital Pre-Tax Loss” – Model Slux

R&Q Insurance coverage Holdings, (R&Q) the Bermuda-based non-life speciality insurer that focuses on program administration and legacy insurance coverage enterprise, introduced it has agreed to promote its stake in a three way partnership with Obra Capital for $30 million. On the identical time, R&Q revealed it anticipates “a major pre-tax loss” for 2023, which it … Read more

Alabama Invoice Would let Alfa Federation, not Insurer, Promote Well being Plans. BCBS is Preventing it. – Model Slux

Alabama Invoice Would let Alfa Federation, not Insurer, Promote Well being Plans. BCBS is Preventing it. – Model Slux

Alfa, one of many largest property-casualty insurers in Alabama, is clarifying that it isn’t planning to maneuver into the medical insurance enterprise: A hotly debated invoice within the state Legislature would permit Alfa’s affiliated farmers federation to supply a well being plan to some members, and a few Alabama information experiences this week instructed that … Read more

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