Laya revenue is currently from commissions. Similarly, Swiss Re’s Iptiq unit underwrites Laya’s life insurance offering. The Swiss company’s Elips Insurance subsidiary takes on the risk of health insurance offered by Laya. However, as things stand, Laya is essentially just a tied agent of units for Swiss reinsurance giant Swiss Re, who actually underwrite its products. The company’s most recent set of results filed with the Companies Registration Office (CRO) show it generated an operating profit of €28.8 million in 2021 on turnover of €89.5 million. © 2023 NYP Holdings, Inc.A move by Axa in Ireland, the biggest general insurer in the State, into the country’s health market through the planned acquisition of Laya Healthcare was perhaps not surprising given that it is an established player in this area elsewhere, including the UK and its native France.īut the price tag was a big surprise: €650 million for Laya Healthcare, a multiple of the €80 million its current owner, US insurance giant, AIG, paid for the business in 2015.Īt the time of that deal, Laya was making an operating profit of €13 million on turnover of just over €50 million. The Dodgers couldn’t convince Tigers pitcher Eduardo Rodriguez to waive his no-trade clause and move to Los Angeles. Smaller-market teams generally didn’t love that risk. Several teams shied away from Rodriguez due to his opt-out after the year that precedes three more years (and $49M). Rodriguez for family reasons preferred them all staying in Detroit in-season. The Dodgers agreed to the Rodriguez deal with Detroit on Monday and spent the final hours Tuesday unsuccessfully trying to convince him to come, even offering financial inducements and having former Red Sox teammates reach out, including Mookie Betts and J.D. The Dodgers attempted to acquire Justin Verlander from the Mets ahead of the trade deadline. One teammate suggested the Astros and Dodgers were the two possibilities for Verlander but that it might have taken extra convincing to accept LA since he loves Houston (and loved New York). The issue is they seemed to be Verlander’s second choice. The Dodgers also tried for new Astro Verlander, who was a late-arriving Astros pitcher in 2017, so the trashy title over LA wasn’t a Dodgers concern. They made an offer of multiple prospects thought to be about the value of Acuna (but the Mets obviously preferred the one big-time prospect can’t blame ’em). The Dodgers, who did acquire veteran starter Lance Lynn (who did waive his no-trade), were in on not only Verlander and Eduardo Rodriguez but Scherzer, too. The Mets had a high price tag for Pete Alonso at the trade deadline. One said he’d bet “a ton” Stearns takes the job. Friends do predict he is likely to go to the Mets. Forget about the Price Tag Aint about the (ha) Cha-Ching, Cha-Ching Aint about the (yeah) Ba-Bling, Ba-Bling Wanna make the world dance Forget about the Price Tag Yeah yeah well, keep the price tag and take the cash back just give me six streams and a half stack and you can keep the cars leave me the garage and all I. He can’t say anything as he’s still a Brewers employee. One oddity is they presumably will have a new baseball president in a few months. “It isn’t easy to admit a mistake,” one rival said. Rival execs generally applauded the Mets’ quick reversal and thought they did well to get SS/CF Luisangel Acuna, OF Drew Gilbert and OF Ryan Clifford. But Max Scherzer wanted to win and Justin Verlander liked the idea of Houston, especially after hearing of the Mets longer-range plan. No-trade clauses played a big role in trades by limiting potential landing spots. The Mets understood it wasn’t happening by midday. Pete Alonso’s name was out on the market, but sources say the price was extremely high, as their heart probably wasn’t in it. Steve Cohen's roster teardown was absolutely right with Mets headed nowhere Ranking MLB's biggest disasters of 2023 season Jackson Holliday's Orioles arrival could come this season Six Brian Cashman moves helped put Yankees in this predicamentĬody Bellinger could be in line for big deal when he hits free agency
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