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Aetna announced today it is selling its domestic group life and disability businesses for $1.45 billion in cash to Hartford Life and Accident Insurance Co. The deal is expected to close in early November.
This will make The Hartford the second-largest group life and disability insurer with approximately $5 billion in expected earned premium. It also gives #3 health insurer Aetna ability to “enhance its focus on core health insurance business” and may help fund future acquisitions.
More details at link:
https://insurance-forums.com/employ...-life-disability-units-hartford-1-45-billion/
This will make The Hartford the second-largest group life and disability insurer with approximately $5 billion in expected earned premium. It also gives #3 health insurer Aetna ability to “enhance its focus on core health insurance business” and may help fund future acquisitions.
More details at link:
https://insurance-forums.com/employ...-life-disability-units-hartford-1-45-billion/