Today’s issue of WorkCompRecap features some more major M&A news with the announcement that The Hartford has reached an agreement to acquire Aetna’s US group life and disability business for cash consideration of $1.45 billion.
The Hartford noted that the acquisition creates an accretive opportunity for it to become the second largest group life and disability insurer. The Hartford will also obtain digital assets and an integrated absence management platform, and noted that its claims organization continues to use data and advanced analytics across workers’ compensation and disability to drive better outcomes for customers. As the nation’s second largest workers’ compensation insurer, and now, the second largest group disability insurer, The Hartford noted that the transaction will increase its competitive differentiation and potential for future product offerings for absence management.
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