On Tuesday, Aetna Inc (NYSE:AET)’s shares inclined 0.18% to $127.51.
A.M. Best has affirmed the various financial strength ratings (FSR) and the issuer credit ratings (ICR) for the insurance and health maintenance organization auxiliaries of Aetna Inc. (Aetna) (Hartford, CT) [NYSE:AET]. Conpresently, A.M. Best has affirmed the ICR of “bbb+” and debt ratings of Aetna. All ratings have a stable outlook.
The ratings affirmations for Aetna and its auxiliaries reflect the organization’s favorable long-term operating earnings and premium growth trend, excellent cash flows, its diversified product portfolio and improved financial flexibility at the parent level. The merged Aetna branded health and life insurance associates, led by Aetna Life Insurance Company, the organization’s flagship operating entity, have generated strong operating and net income results over several years. Aetna’s earnings have been driven by steady operating margins in its health care segment, which have been augmented by low medical cost trends and improved operational efficiencies. These trends were supported by solid operating margins in 2014. Recent growth in premium has been driven by membership growth in its health exchange, Medicare and Medicaid businesses. Aetna’s government business now represents over 40 percent of total health premiums. The company’s strong results were achieved despite one of the largest Medicare Advantage rate cuts in the program’s history.
Aetna Inc. operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit administration services, dental, behavioral health, and vision plans on an insured basis, and an employer-funded or administrative basis.
Rogers Communications Inc. (USA) (NYSE:RCI)’s shares gained 0.94% to $35.53.
Rogers Communications Inc. (RCI), has reached a deal for the purchase of wireless carrier, Mobilicity. Statedly, Rogers Communications has agreed to shell out C$400 million ($324.57 million) for the acquisition. However, neither of the companies has confirmed the news so far.
Notably, Mobilicity has been under creditor protection since 2013. Moreover, as per reports, on June 24, the company plans to present its agreement with Rogers Communications for approval before the Ontario Superior Court judge, who is also supervising its creditor protection procedure.
Interestingly, only last week, The Globe and Mail had stated that Rogers Communications and TELUS Corporation TU are vying to purchase Mobilicity for about C$300 million ($245 million). Mobilicity was predictable to take a call this week, while the Canadian government was also likely to give its permission in favor of any one of the buyers.
Mobilicity is one of the new entrants in the Canadian wireless space. The company has cut wireless tariffs considerably but has failed to grab noteworthy market traction. Mobilicity was also barred from vending its cellular airwaves licenses to TELUS on numerous instances in the past. This was the fourth bid from TELUS for Mobilicity, following back-to-back government opposition related to the transfer of the latter’s spectrum license.
Rogers Communications Inc. operates as a communications and media company in Canada. The company’s Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, distribution channels, ecommerce sites, and call centers and outbound telemarketing.
At the end of Tuesday’s trade, Discovery Communications Inc. (NASDAQ:DISCK)‘s shares surged 0.27% to $31.08.
As part of the recently announced Discovery at Sea program, in partnership with Discovery Consumer Products, the licensing arm of Discovery Communications, Princess Cruises is bringing guests closer than ever to the entertainment phenomenon of Shark Week with premiere television content, onboard parties, trivia games, giveaways and even shark-themed culinary bites and beverages.
Shark Week at Sea will challenge adults and kids alike with activities designed to surprise, amuse, educate and create an appreciation for these tremendously misunderstood denizens of the deep.
Discovery Communications, Inc. operates as a media company. The company operates through U.S. Networks; International Networks; and Education and Other segments. It owns and operates television networks under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids.
Marsh & McLennan Companies, Inc. (NYSE:MMC), ended its Tuesday’s trading session with -0.18% loss, and closed at $56.70.
Mercer, a global consulting leader in advancing health, wealth and careers, and a wholly-owned subsidiary of Marsh & McLennan Companies (MMC), declared the launch of the Mercer Pension Risk ExchangeSM (the “exchange”).The exchange is a groundbreaking solution that helps plan sponsors execute group annuity buyouts in a shorter timeframe and in a more competitive pricing environment. As the first platform of its kind, the exchange increases liquidity and price transparency by enabling plan sponsors to continuously monitor pricing and contract terms available in the group annuity market. The exchange also provides sponsors with greater exposure to a wider array of insurers that could potentially act as transactional counterparts for a buyout.
The exchange provides real-time online annuity pricing and trigger monitoring, combining a suite of buyout advisory and execution services. These comprise:
- Deal readiness:streamlining the process by creating an industry standard for data preparation and document specification.
- Dynamic monitoring:monitoring prices and metrics in real time to identify when conditions are optimal to execute.
- Execution support:providing comprehensive support to sponsors and fiduciaries to assist navigate the complexities of the buyout execution – ranging from insurer due diligence and asset preparation through to contract negotiation.
Marsh & McLennan Companies, Inc., a professional services firm, provides advice and solutions primarily in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services; and Consulting. The Risk and Insurance Services segment offers risk administration services, such as risk advice, risk transfer, risk control, and mitigation solutions, in addition to insurance, reinsurance broking, catastrophe and financial modeling services, and related advisory services.
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