aetna

U.S. health insurer Aetna, which has a number of catastrophe bond like medical benefit linked securitizations providing it with reinsurance protection, has been hit hard by the influenza outbreak in the United States this winter. The U.S. flu outbreak now appears to have peaked, but the higher than normal incidence of flu this season has […]

Aetna have completed their latest insurance-linked security transaction with a successful issuance under their Vitality Re II Ltd. Cayman Islands SPV. They’ve secured $150m of catastrophe bond type cover for their Health Re Inc. subsidiary making this their second medical benefit insurance-linked security transaction.

Aetna announced today through a press release the completion of the Vitality Re Ltd. medical benefit linked insurance linked security transaction. This catastrophe bond type structure provides Aetna with additional reinsurance cover for certain of its health insurance risks. The press release from Aetna follows below.