Alphabet’s Verily in pact with Elevance Health to offload insurance business

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2 months ago
Verily headquarters in South San Francisco, Ca, USA.

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  • Verily, Alphabet’s (NASDAQ:GOOG) (NASDAQ:GOOGL) health tech unit has agreed to sell its stop-loss insurance subsidiary, Granular Insurance Company, to the managed care firm Elevance Health.
  • Launched in 2020 with the backing of the commercial insurance unit of the Swiss Re
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