Aetna Announces Transaction with Vitality Re VI

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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
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