Aetna to merge with ING Life

Aetna to merge with ING Life

JAKARTA (JP): PT Aetna Life Indonesia will integrate its
insurance business with ING Life Indonesia following the recent
merger of the two firms' parent companies.

A senior executive of PT Aetna Life Indonesia, Vera Sukawati,
said here on Tuesday that the merger, which has been in process
since December, would create one of the largest insurance
companies in the country, with 280,000 customers, 450 employees
and 2,600 agents in 21 major cities.

The name of the merged company has not yet been decided, she
said, adding that both insurance companies were still seeking
government approval for the merger.

The ING Group of the Netherlands officially closed last month
its global acquisition of Aetna International and Aetna Financial
Services.

The US$7.7 billion acquisition was part ING Group's expansion
in financial services.(05)