CVS Health Corp. (CVS) said Thursday that its newly acquired insurer, Aetna, has entered into a four-year $200 million reinsurance arrangement with Vitality Re X Ltd.
The Woonsocket, R.I.-based company said the agreement with Vitality allows CVS to reduce its required capital and provides $200 million in reinsurance coverage on a portion of Aetna’s group commercial health-insurance business.
Aetna, which CVS acquired for roughly $70 billion in November, announced a similar agreement with Vitality in January 2018.
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