Aetna Inc., the third-largest health insurer in the US, has announced that its Chairman and current Chief Executive Officer, Ronald A. Williams, will be succeeded by the end of November 2010 by Mark T. Bertolini, current President of Aetna. Mr. Williams intends to retire, and will stay on as executive chairman until April 2011, when this role will also be assumed by Mr. Bertolini.
After the passage of the Affordable Care Act six months ago in the United States, the first raft of new healthcare rules have come into effect, as of Thursday, September 23rd 2010. While much of the healthcare law has yet to impact the US Healthcare landscape, what has gone into effect on Thursday 23rd are important consumer protection laws known as the Patient's Bill of…
Aetna Global Benefits (AGB) has announced a new international health insurance plan in Africa as part of their Executive Healthcare Plan lineup, targeted at regionally mobile individuals and groups. Aetna Global Benefits offers the Executive Healthcare Plan (EHP) line of international health insurance products in partnership with Kenya-based medical insurance provider Executive Healthcare Solutions. The…
CIGNA Corp., the Philadelphia-based healthcare service provider, has announced at the Morgan Stanley Global Healthcare Conference in New York that it expects to meet its forecast consolidated adjusted income from operations as per estimates for the whole of 2010, currently set at between US$1.13 billion (EUR 869.2 million) to US$1.21 billion (EUR 931 million).
An unintended side effect of some provisions in the Obama administration's new healthcare plan has the potential to prevent public and private universities in the US from offering certain types of health insurance to their students, including international students.
After having received approval from Britain's Financial Services Authority and the South African Reserve Bank, the acquisition of Standard Life's health insurance division, Standard Life Healthcare, by Discovery Holdings has been completed, putting PruHealth in a strong position for growth. The finalized acquisition and integration of the companies over the next few months will make PruHealth…
On Monday July 26th 2010, Fortis Healthcare Ltd. rescinded its SGD 3.2 billion (USD 2.3 billion) offer to buy remaining Parkway shares, leaving the subsidiary of Malaysian sovereign fund Khazanah, Integrated Healthcare…
International health insurance company Expatriate Healthcare has announced it will introduce an awards scheme for their customers, which comes as part of an effort to reinvigorate their expatriate private medical insurance plans. As of July 1st 2010, Expatriate Healthcare will offer both new and existing customers discounts on their premium for staying claims-free for a year or more.…
Fortis Healthcare Ltd. has made an offer for all remaining shares in Asian healthcare provider, Parkway Holdings, which surpasses the bid previously put forward by Malaysian government-run bank, Khazanah Nasional Berhad. Previously, Khazanah bid S$ 1.18 billion (US$ 835 million) to more than double its stake…
Being the fourth largest commercial insurer in the US, American health insurance giant CIGNA conducts approximately 20 percent of their business abroad, with most of the rapid growth coming from Asia, and in particular China.
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