Aetna

Aetna is dedicated to helping people achieve health and financial security by providing easy access to safe, cost-effective, high-quality health care and protecting their finances against health-related risks. Building on our 150-year heritage, Aetna will be a leader, cooperating with doctors and hospitals, employers, patients, public officials and others to build a stronger, more effective health care system. Aetna Life Insurance Company is incorporated in Connecticut, with Eliphalet Bulkeley serving as founding president. Aetna enters the international market by purchasing Toronto-based Excelsior Life Insurance Company. Aetna Life & Casualty Company is created as a holding company, with these subsidiaries: Aetna Life Insurance Company, Aetna Casualty and Surety, Standard Fire Insurance, and the Automobile Insurance Company. Aetna reorganizes into five insurance divisions: employees benefits division, personal/financial/security division, commercial insurance division, American Re-Insurance Company, and international insurance division. The U.S. individual life insurance business is sold to Lincoln National Corporation. Aetna acquires the healthcare business of the Prudential Insurance Company of America. Aetna Inc. spins Aetna U.S. Healthcare off to its shareholders; the remnants of Aetna--the company's international and financial services units--are acquired by ING Groep N.V. for about $7.75 billion; Aetna U.S. Healthcare is renamed Aetna Inc. Source: International Directory of Company Histories , Vol.63. St. James Press, 2004.