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Aetna Forms Strategic Alliance with Starr International in Hong Kong

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Thu Mar 14, 2013 10:00pm EDT

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HONG KONG--(Business Wire)--
Aetna (NYSE: AET), a leading global diversified health care benefits company,
and Starr International Insurance (Asia) Ltd., have formed a strategic alliance
to offer medical insurance and health care solutions in Hong Kong. As part of
the new relationship, Aetna`s medical insurance policies in Hong Kong are being
underwritten by Starr International, a leading insurance firm licensed by the
Hong Kong Insurance Authority. The new underwriting took effect on January 24
for new Aetna policies and on March 1 for renewals. 

"We are pleased to collaborate with a highly rated firm that shares our mission
to provide easy access to cost-effective, high-quality care for our globally
mobile customers living and working in Hong Kong," said Michael Elliott, general
manager of Aetna International`s Asia-Pacific region. 

"Working together, we can offer a range of competitive benefits plans, which
along with our health advisory tools and case management, wellness and
prevention programs, offer real value," said Elliott. 

Ross Matthews, president and CEO of Starr International Insurance (Asia), a
member of Starr Companies, said, "Aetna has been a pioneer in its focus on
helping its members live healthier lives. The strategy can lead to better health
as well as help stem the rising costs of medical care. This alliance is a great
fit for us as part of our mission to provide the very best cover at an
affordable cost." 

In Hong Kong, Aetna offers individual and group health care benefits plans for
expatriates and local nationals as well as health care management services. The
company has maintained offices in Hong Kong since 2007 and employs 48 people
there. 

In December 2012, Aetna was honored with an Asia-EMMA award for the most
innovative use of technology in global mobility by the Forum for Expatriate
Management. The company offers free provider directory apps that lets its
international members find nearby doctors and hospitals in Aetna`s network of
more than 70,000 providers around the world. Aetna also has apps that can help
its customers understand their symptoms, monitor their exercise and eating
habits, and track their claims. Last month, Aetna introduced a mobile app that
allows its international customers outside the U.S. file their claims from their
smartphones. 

About Aetna International

Aetna International is committed to helping create a stronger, healthier global
community by delivering comprehensive health benefits and health management
solutions worldwide. Aetna International's expatriate business is one of the
industry's largest and most prominent international health benefits providers,
supporting more than 500,000 members worldwide. The organization`s expatriate
offerings include medical, dental, vision, life, disability and emergency
assistance. Aetna International`s health management business collaborates with
health care systems, government entities and plan sponsors around the world to
design and build locally applied health management solutions to improve health,
quality and cost outcomes. For more information, see www.aetnainternational.com.


About Aetna

Aetna is one of the nation's leading diversified health care benefits companies,
serving approximately 37.3 million people with information and resources to help
them make better informed decisions about their health care. Aetna offers a
broad range of traditional, voluntary and consumer-directed health insurance
products and related services, including medical, pharmacy, dental, behavioral
health, group life and disability plans, and medical management capabilities,
Medicaid health care management services and health information technology
services. Our customers include employer groups, individuals, college students,
part-time and hourly workers, health plans, health care providers, governmental
units, government-sponsored plans, labor groups and expatriates. For more
information, see www.aetna.com. 

About Starr Companies

STARR COMPANIES (or STARR) and the STARR Logo are trademarks worldwide for the
services offered by the operating insurance and travel assistance companies and
subsidiaries of Starr International Company, Inc. and for the investment
business of C.V. Starr & Co., Inc. Starr is a leading insurance and investment
organization with a presence on five continents; through its operating insurance
companies, Starr provides property, casualty, and accident & health insurance
products as well as a range of specialty coverages including aviation, marine,
energy and excess casualty insurance.

Aetna
Hong Kong Media Contact:
Vicky Lee, 852 2860 8012
leev3@aetna.com
or
United StatesMedia Contact:
Marnie Goodman, 860-273-2314
GoodmanM2@aetna.com

Copyright Business Wire 2013

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