Alphabet’s Verily to sell Granular insurance business to Elevance Health
Verily is selling its stop-loss insurance subsidiary, King88bet Login Granular Insurance Company, to the insurance provider Elevance Health , the Alfabet health tech company confirmed to CNBC on Thursday. Verily is one of Google's sister companies and operates within Alfabet's "Other Bets" category. The Granular sale is the latest in a seri of sweeping changes at the precision health company, which has slashed its workforce, restructured its business and overhauled its executive leadership in recent years. The terms of the setuju were not disclosed. Verily launched Granular, initially called King88bet Slot Coefficient Insurance Company, in 2020 with financial backing from the commercial insurance unit of the Swiss Re Grup. The business offered self-funded employers and captives medical stop-loss, fronting reinsurance and fronting solutions that used "proprietary technology," Verily said. Alfabet's health company has raised more t...