The power to fuse data and analytics from The Hartford, one of the country's leading writers of workers' compensation policies, and Aetna, one of the country's leading health and disability insurance providers, largely drove a $1.45 billion deal between the two companies that was announced today.
The deal is expected to be completed within a matter of weeks.
"To combine The Hartford end of our group business with Aetna's life and disability will make us the second largest player in the business," Mike Concannon, Group Benefits head for The Hartford, said during an interview from The Hardford's Connecticut headquarters. "It excites us to bring that together, and we look forward to what we can do."
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Elana Ashanti Jefferson
Elana Ashanti Jefferson is ALM PropertyCasualty360's Editor in Chief. She is a veteran journalist and communications professional. Reach her by sending an e-mail to ejefferson@alm.com.
