Loading...
Loading...
Aetna
AET
today announced that it has entered into a three-year reinsurance
arrangement with Vitality Re VI Limited as part of its long-term capital
management strategy. The arrangement allows Aetna to reduce its required
capital and provides $200 million of collateralized excess of loss
reinsurance coverage on a portion of Aetna's group commercial health
insurance business.1 Vitality Re VI is a newly formed
insurance company which issued health insurance-linked notes in a
private offering in connection with this transaction.
Aetna's reinsurance arrangements with Vitality Re III Limited expired on
Wednesday, January 7, 2015.
“Today's transaction, which essentially replaces the Vitality Re III
See full press release© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in