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Aetna to leave Hartford for the Big Apple

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Aetna announced Thursday that it will move its corporate headquarters from what was once a traditional insurance home office hub of Hartford, Conn., to New York City.

The national health insurer, which recently confirmed that it was in negations with several states about a potential move, said the company will open its new Manhattan headquarters in 2018.

Aetna has called Hartford home since its founding in 1853.

“New York City is a knowledge economy hub, and a driver of the innovations that will play a significant part in our ongoing transformation,” Aetna Chairman and CEO Mark T. Bertolini said in a statement.

Aetna will bring 250 new jobs to New York when it moves its headquarters, with some being top management from Hartford and some being new hires.

According to a statement, the move will have minimal impact on Aetna’s nearly 6,000 Connecticut associates, who will continue to be based there. However, “Aetna’s long-term commitment to Connecticut will be based on the state’s economic health,” it said, adding it is hopeful that lawmakers can reach an agreement to restore the state’s economic health.

Connecticut is facing a huge revenue slump and mounting economic weakness.

Last month, the state’s credit rating was lowered by all the big three Wall Street credit rating agencies, making it one of the lowest-rated states in the country.

In addition, Hartford, the state’s capital, is reported to be considering bankruptcy.


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