Aetna Press
Aetna Services, Inc. Intends To Issue $1 Billion Of Debt Securities
Aug 6, 1996
Aetna Inc. to unconditionally guarantee payments on new debt securities as well as on outstanding Aetna securities
HARTFORD, Conn., August 6, 1996 — Aetna (NYSE: AET) intends to issue $1 billion in new debt securities through its Aetna Services, Inc. subsidiary. The issue is expected to consist of five-year and 10-year notes, and 30-year and 40-year debentures. The notes and debentures will be unconditionally guaranteed as to the payment of principal and interest by Aetna Inc. The proc...
Aetna To Form Pension Joint Venture In Mexico
Aug 1, 1996
HARTFORD, Conn., August 1, 1996 — Aetna Inc. (NYSE: AET) and its 61 percent-owned Chilean subsidiary, AFP Santa Maria S.A., have reached an agreement-in-principle with Grupo Financiero Bancomer ("GFB"), Mexico's second-largest financial group, to form a pension administration company (Administradora de Fondos de Retiro or AFORE).
GFB will be a 51 percent shareholder and Aetna/Santa Maria will purchase a 49 percent stake in the AFORE joint venture from GFB for U.S. $47 million in cash. ...
Aetna To Leave Medicare Administration Program To Focus On Growing Managed Care Business
Jul 25, 1996
HARTFORD, Conn., July 25, 1996 — Aetna (NYSE: AET) announced today it will not renew its contracts with the federal Health Care Financing Administration (HCFA) to administer the Medicare Part A and Part B fee- for-service program. Aetna instead will concentrate on growing its Medicare managed care business, offering products through its affiliated health maintenance organizations (HMOs). Medicare managed care is one of the fastest-growing segments of Aetna's health business.
Aetna's Pa...
Aetna Set To Expand Its Activities In Mexico
Jul 22, 1996
HARTFORD, Conn., July 22, 1996 — Aetna Inc. (NYSE: AET) and Grupo Financiero Bancomer ("GFB"), Mexico's second-largest banking group, have reached agreement-in-principle on the formation of a new joint venture that will market and distribute a broad array of products such as life, auto, and property and casualty insurance, to Bancomer's customers.
Aetna will purchase a 49 percent stake in the joint venture from GFB for US$115 million in cash initially, and up to US$63 million in contin...
Aetna and U.S. Healthcare Complete Merger
Jul 19, 1996
Merger creates nation's leading health care benefits company
HARTFORD, CT, July 19, 1996 — Aetna (NYSE: AET) and U.S. Healthcare (NASDAQ: USHC) today announced that they have completed their merger, creating the nation's leading health care benefits company.
Aetna Chairman Ronald E. Compton said, "This merger transforms Aetna into a growth company with the scale and expertise necessary to thrive in the dynamic health care industry, and positions us to deliver superior long-term valu...
Aetna Shareholders Approve Merger With U.S. Healthcare
Jul 18, 1996
HARTFORD, Conn., July 18, 1996 — Aetna (NYSE: AET) announced that at a special meeting held today, its shareholders approved the proposed merger between Aetna and U.S. Healthcare (NASDAQ: USHC) by the required super-majority (two-thirds) vote. Shareholders of U.S. Healthcare, Inc. approved the merger at their annual meeting held earlier today. Aetna has received all necessary regulatory approvals and expects to close the merger on Friday, July 19, 1996.
For more information about Aetna I...
Judge Dismisses $16.5 Million Punitive Damage Award Against Aetna
Jul 3, 1996
HARTFORD, Conn., July 3, 1996 — Ruling that "no reasonable jury could find that there was clear and convincing evidence that Aetna's (NYSE: AET) conduct was outrageous," an Alaska federal judge has dismissed a $16.5 million punitive damages judgement against Aetna Life Insurance Company.
Following a trial in Juneau last month, a jury awarded Sherrie Ace $27,000 in actual damages and $100,000 for emotional distress in addition to the punitive damages in a claim dispute involving long-te...
Aetna Managed Disability Product Adds Depression Management Component
Jun 20, 1996
SALT LAKE CITY, UT, June 20, 1996 — Aetna's Managed Disability, already an industry-leading product, is about to be enhanced with a depression management component to help reduce customers' mental-health-related disability costs.
Aetna (NYSE: AET) announced the product enhancement today at the second annual Employer Behavioral Healthcare Summit in Salt Lake City. It will be made available to all Aetna Managed Disability customers starting in July.
Aetna's Managed Disability program...
Federal Court Dismisses Doctor's Antitrust Lawsuit Against Aetna Health Plans
May 29, 1996
NEW YORK, NY, May 29, 1996 — (NYSE: AET) United States District Judge Denise Cote, of the U.S. District Court for the Southern District of New York, has dismissed a lawsuit against Aetna Health Plans of New York Inc. and its affiliates, by three anesthesiologist groups from Long Island. Judge Cote found that the providers had no legal basis to bring this action, which is little more than an attack on managed health care.
"We applaud this decision, which preserves Aetna's ability to est...
New Aetna Advertising Campaign Satisfies Consumer Desire For Health Care And Retirement Information
May 6, 1996
Advertising designed to reposition brand following major restructuring of company
NEW YORK, NY, May 6, 1996 — As part of a major repositioning of the Aetna (NYSE: AET) brand, the company will launch a new national advertising campaign on May 6. Created by the New York office of Ammirati Puris Lintas, the campaign reflects Aetna's recent restructuring and its new focus on two key areas of importance to consumers -- health care and retirement.
In fact, the new campaign is really two ...
You are on directory press release page 2 of 3 "Aetna" directory press release pages. « back |
Participating Agent Network |
© InsuranceUSA