Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

February 1, 2017

Report: Aetna in talks about moving to Mass.

Connecticut insurer Aetna is reportedly in talks with Gov. Charlie Baker to relocate to Massachusetts.

Connecticut's loss could be Massachusetts's gain once more.

Executives at the Hartford-based health insurer Aetna have been discussing the possibility of relocating to Massachusetts with Gov. Charlie Baker's administration for the last six months, the Hartford Courant reported Tuesday.

State officials told the News Service the administration does "not comment on potential business development efforts," but Baker's administration has had luck in the past luring business from the Nutmeg State.

Last year, Baker and Boston Mayor Martin Walsh announced that General Electric, one of the nation's largest corporations, would move about 800 jobs and its headquarters to Massachusetts from Connecticut by 2018.

Like GE, Aetna publicly threatened to leave Connecticut in 2015 after Gov. Dannel Malloy signed a state budget that included corporate tax increases blasted by the business community for creating an inhospitable environment. The insurance giant has offices in Hartford and Blue Bell, Pennsylvania. Though it has no footprint in Massachusetts yet, Aetna has at least one connection to the Bay State. Aetna President and CEO Mark Bertolini joined the board of the Springfield-based Massachusetts Mutual Life Insurance Company in December.

Sign up for Enews

WBJ Web Partners

0 Comments

Order a PDF