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Aetna’s group life and disability programs to be acquired by The Hartford

The move, expected to be finalized in November, will make The Hartford the second largest group life and disability insurer in the United States and improve its distribution capabilities.

By Emily Payne | Updated on October 23, 2017
The move, expected to be finalized in November, will make The Hartford the second largest group life and disability insurer in the United States. (Image: Shutterstock)

The Hartford is expanding its Group Benefits capabilities with the $1.45 billion acquisition of Aetna’s group life and disability sectors. The move, expected to be finalized in November, will make it the second largest group life and disability insurer in the United States and improve The Hartford’s distribution capabilities.

 “The combination of these two businesses strengthens our position as a leader in the large employer market and increases our presence among midsize employer clients,” The Hartford’s chairman and CEO Christopher Swift said in a press release. “It also creates new opportunities to distribute additional products to a customer base of more than 20 million people who will be insured by the combined business.”

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