ADVERTISEMENT

ADVERTISEMENT

Stay Connected
ADVERTISEMENT


Aetna to buy international insurance co.


HARTFORD (AP) — Aetna Inc. plans to broaden its international reach with the acquisition of InterGlobal, a British company that offers private medical insurance for groups and individuals in the Middle East, Asia, Africa and Europe.

The Hartford, Conn., health insurer did not reveal terms of the deal on Monday. It expects to complete the acquisition in the first half of next year and said it should be neutral to Aetna’s 2014 results.

Aetna covers more than 22 million people as the third-largest health insurer in the United States. It also runs an expatriate business that provides medical, dental and vision coverage, among other forms of insurance to people living overseas.

Chairman and CEO Mark Bertolini said in a statement that the deal helps increase its presence in the international market for individual and small- and mid-sized business customers.

Aetna shares rose 70 cents to $68.47 in morning trading Monday. Its shares have risen more than 46 percent so far this year.



Back to State
Top Stories of the Week

Police: Former employee and accomplice stole cash register from Meriden …
MERIDEN — Two city women face burglary charges after police say they stole a cash register from a Colony Street restaurant. The owner of the … more ...

Wallingford woman is taking on multiple sclerosis, obstacle races …
WALLINGFORD – At 5’2” weighing 100 pounds, 21-year-old Jordan Brint shatters stereotypes of multiple sclerosis patients by lifting twice her body weight at the squat … more ...

Maloney’s small gym to become cafeteria during construction work, Domino’s …
MERIDEN — While the cafeteria and kitchen at Maloney High School were being cleaned almost immediately after lunch was served Friday afternoon, the auxiliary gymnasium … more ...

Four charged after man stabbed in neck outside Meriden residence …
MERIDEN — A police investigation led to the arrest of four people this month on assault charges stemming from a fight outside a Springdale Avenue … more ...

Wilcox principal on leave, letters detail ‘leadership and communication’ issues …
MERIDEN — Lisa Hylwa, the principal of Wilcox Technical High School, was placed on administrative leave in January pending an investigation by the state technical … more ...

Latest Comments