Aetna Selects La Colonial, S.A. for Insurance of its Dominican Republic Book of Business
HARTFORD, Conn., USA, February 4, 2004 — Aetna today announced that its international health and global benefits business, Aetna Global Benefits (AGB), has appointed La Colonial, S.A. (La Colonial) as the insurance carrier for its international group health and life insurance programs in the Dominican Republic. Under the terms of this relationship, which went into effect in December 2003, La Colonial becomes the local insurance company for AGB's products in the Dominican Republic. La Colonial will underwrite international health and life insurance programs for its customers, and AGB will provide reinsurance coverage and access to a wide range of health care management services.
"Our selection of La Colonial, one of the strongest insurance companies in the Dominican Republic, underscores Aetna's commitment to meeting the needs of companies doing business in the Dominican Republic," said Martha Temple, head of AGB. "Aetna has been providing comprehensive benefit solutions to employers in the Dominican Republic through reinsurance programs for over 16 years, and we are confident that our relationship with La Colonial will bring a new level of professionalism and expertise to the group benefits marketplace."
La Colonial has been serving the risk and insurance needs of major employers in the Dominican Republic since 1966 and will now provide a range of international health benefits programs that will be reinsured and supported by Aetna.
Aetna is one of the nation's leading providers of health care, dental, pharmacy, group life, disability and long-term care benefits, serving more than 13.0 million medical members, 10.9 million dental members, 7.4 million pharmacy members and 12.0 million group insurance customers, as of September 30, 2003. The company has expansive nationwide networks of more than 590,484 health care services providers, including 355,348 primary care and specialist physicians and 3,577 hospitals. For more information about Aetna, please visit the company's Web site at www.aetna.com.
Aetna Global Benefits is the international health and group benefits business of Aetna, providing coverage for more than 100,000 expatriate and other international employees residing and/or traveling in over 100 countries. Aetna Global Benefits products are tailored to meet the unique needs of global members, providing worldwide medical, dental, life, disability and related coverage that help multinational employers attract and retain qualified employees for international assignments. More information about Aetna Global Benefits is available at www.aetna.com/agb.
The above information was issued in the Dominican Republic on February 4, 2004.