Virgin Atlantic creditors vote in favor of $1.6 billion rescue plan

Virgin Atlantic’s creditors on Tuesday voted in favor of a 1.2 billion pound ($1.6 billion) rescue plan, moving the airline a step closer to completing a restructuring deal designed to secure its future beyond the coronavirus crisis. “Today, Virgin Atlantic has reached a significant milestone in safeguarding its future, securing the overwhelming support of all […]

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Alphabet’s Verily targets employer health insurance with Swiss Re partnership

Alphabet Inc’s life sciences division Verily is partnering with reinsurer Swiss Re to launch a unit to provide stop-loss insurance, a financial product purchased by employers to cover unexpected and large employee healthcare costs. The subsidiary, Coefficient Insurance Company, will be backed by the commercial insurance arm of Swiss Re, which is also making a […]

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