Aetna (AET) Enters Insurance Re Arrangement with Vitality Re IV
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Aetna (NYSE: AET) announced that it has entered into a four-year reinsurance arrangement with Vitality Re IV Limited as part of its long-term capital management strategy. The arrangement allows Aetna to reduce its required capital and provides $150 million of collateralized excess of loss reinsurance coverage on a portion of Aetna’s group commercial health insurance business.1 Vitality Re IV is a newly formed insurance company which issued health insurance-linked notes in a private offering in connection with this transaction.
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