Dec 12- Aetna Inc's CEO said on Thursday that the time frame is too short for the U.S. health insurer to go through the regulatory processes it needs to reinstate or extend canceled health plans and that it will not be doing so. CEO Mark Bertolini made the comments at an investor meeting where he gave an update on how the insurer is affected by the U.S.» Read More
HONG KONG, Aug 15- Hong Kong businessman Richard Li, the youngest son of Asia's richest man, will appoint a former top executive at AIA Group Ltd as the CEO of his new insurance company, according to people with direct knowledge of the move.
Another delay in Obamacare gives critics of the health-reform law more ammunition and will take money of out chronically ill people's pockets.
*Euro zone exits recession, Germany, France beat GDP forecasts. *France's CAC 40 hits two-year high. Gains were capped by shares in Rio Tinto, AstraZeneca and Royal Dutch Shell losing their dividend entitlement.
Aug 12- Senate Republican leader Mitch McConnell on Monday called on the Obama administration to delay the Oct. 1 opening of exchanges where uninsured Americans will be able to buy health insurance until the U.S. government can guarantee the protection of people's personal data.
With enrollment set to begin on Oct. 1 for individuals who want to receive health insurance under the 2010 law, Obama used a White House press conference to counter a massive Republican campaign to discredit and destroy the new program, including a threat by some Congressional Republicans to insist on repeal as a condition of funding the government.
TORONTO, Aug 8- Manulife Financial Corp shares slid on Thursday, while rival Sun Life Financial Inc rose after mixed results that reflected more stable markets and showed the fruits of their recent attempts to remove risk from their balance sheets.
*Careful stock picking key to value as Europe, UK recover. LONDON, Aug 8- It's been a long time coming, but with recovery under way in the UK and signs the euro zone economy may be stabilising, the hunt is on for beaten-down stocks with hidden value.
ZURICH, Aug 8- Swiss Re shrugged off the cost of floods in Europe to post a better-than-expected second-quarter profit on Thursday and said it could beat its main annual performance target if claims remain stable in the second half.
TORONTO, Aug 8- Manulife Financial Corp on Thursday reported a second-quarter profit, just missing analysts' estimates, as it absorbed a smaller loss from financial market movements. Canada's largest life insurer said its net profit was C $259 million, or 12 Canadian cents a share, compared with a year-before loss of C $281 million, or 17 Canadian cents a share.
TORONTO, Aug 8- Manulife Financial Corp on Thursday reported a second-quarter profit as it absorbed a smaller loss from financial market movements. Canada's largest life insurer said its net profit was C $259 million, or 12 Canadian cents a share, compared with a year-before loss of C $281 million, or 17 Canadian cents a share.
HONG KONG, August 8- Hong Kong shares could start lower on Thursday as investors remain uncertain over when the Federal Reserve may rein in its stimulus programme, and ahead of China July trade data.
A new report says no security firewall protects personal data from hackers. Mark Hannah, a former campaign aide for Barack Obama and John Kerry, and Dr. Scott Gottlieb, M.D., of the American Enterprise Institute discuss.
*Earnings, excluding items, miss Wall Street estimate. Aug 6- Hospital operator Tenet Healthcare Corp, which is buying smaller rival Vanguard Health Systems Inc, reported a deeper second-quarter loss as it admitted fewer patients to its facilities, and the company cut its full-year outlook.
*Earnings, excluding items, of 66 cents below analysts' view of 69 cents. Aug 6- Tenet Healthcare Corp, which is buying smaller hospital operator Vanguard Health Systems Inc, on Tuesday reported a bigger second-quarter net loss as it admitted fewer patients to its facilities, prompting it to lower its full-year outlook.
WASHINGTON, Aug 5- Forecasts by some U.S. states that show health insurance costs skyrocketing under Obamacare are "factually incorrect," Health and Human Services Secretary Kathleen Sebelius said on Monday.
WASHINGTON, Aug 5- Forecasts by some U.S. states that show health insurance costs skyrocketing under Obamacare are "factually incorrect," Health and Human Services Secretary Kathleen Sebelius said on Monday, saying the administration will set the record straight in September. Sebelius, President Barack Obama's top healthcare adviser, did not name the states.
Aviva, which aims to cut costs by 400 million pounds by year-end, is in the process of hiring corporate advisors to find buyers for its 26 percent stake in Aviva Life, its venture with Dabur Group, the sources told Reuters. Dabur Group owns personal care and food products manufacturer Dabur India Ltd..
HONG KONG/ MUMBAI, Aug 5- Aviva PLC is planning to pull out of its Indian insurance joint venture, valued at more than $500 million, as the British insurer retreats from less-profitable markets where it has struggled to grow its business, sources said.
Aug 2- Aetna Inc pulled out of Maryland's health insurance exchange being created under President Barack Obama's healthcare reform law after the state pressed it to lower its proposed rates by up to 29 percent.
NEW YORK, Aug 2- With the Oct. 1 date for enrollment in the health insurance exchanges being created by Obamacare less than two months away, a war of numbers has been escalating. Residents of states that have embraced President Barack Obama's healthcare reform, including New York, California and Oregon, will save on health insurance, officials there say.