Aetna to Exit Health Insurance Market

Aetna to announce plans to exit the health insurance market by 2013, citing increasing government mandates. Aetna’s core strategies will focus on property & casualty lines through aquisition of Sumpter Re and other global reinsurance carriers for additional capacity. Aetna’s announcement came a day after Humana’s health insurance exit strategy was clarified in a Humana press release.

April 1, 2012 – April Fools Day