Aetna inks sixth reinsurance deal with Cayman Islands subsidiary

Hartford health insurer Aetna said it has signed a three-year $200 million reinsurance agreement with a Cayman Islands subsidiary.

The deal with Vitality Re VI will help Aetna protect itself against spikes in medical claims in its group commercial health insurance business and reduce its required capital.

It is Aetna’s sixth such agreement with Vitality Re. It’s most recent agreement expired Jan. 7.

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