The power to fuse data and analytics from The Hartford, one ofthe country's leading writers of workers' compensation policies, and Aetna, oneof the country's leading health and disability insurance providers,largely drove a $1.45 billion deal between the two companies thatwas announced today.
The deal is expected to be completed within a matter ofweeks.
"To combine The Hartford end of our group business with Aetna'slife and disability will make us the second largest player in thebusiness," Mike Concannon, Group Benefits head for The Hartford,said during an interview from The Hardford's Connecticutheadquarters. "It excites us to bring that together, and we lookforward to what we can do."
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
