Financial Services Industry
Industry: Email Alert RSS FeedCash-rich Aetna plans core growth.(will sell property and casualty business, concentrate on managed care coverage)
National Underwriter Life & Health-Financial Services Edition, December, 1995 by Jennings, John
Aetna plans on using the impending sale of its property and casualty operations to finance growth in its core businesses of managed health care, international business and retirement services. Analysts appreciate the move, as it will lessen Aetna's exposure to third parties and provides plenty of cash to acquire other properties related to its core business. Managed care networks are expected to receive the most attention from Aetna.
When it recently announced deal to sell its property and casualty operations to Travelers Group for $4 billion is completed, Aetna Life & Casualty will have a substantial amount of cash to expand its now-core business such as managed health care, retirement services and international business.
"The sale of the property and casualty...
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