Aetna Inc. (NYSE: AET) is buying InterGlobal in the latest insurance deal.
InterGlobal, headquartered in Surrey, England, provides international private medical insurance in the Middle East, Asia, Africa and Europe, including coverage for expatriates. Terms of the transaction were not disclosed.
Hartford, Conn.-based Aetna provides health benefits. The deal should expand Aetna’s footprint into new areas.
The deal is expected to close in the first half of 2014.
The transaction follows many other insurance deals, including Towers Watson’s (NYSE, Nasdaq: TW) purchase of Liazon Corp.for $215 million, and the Carlyle Group’s (Nasdaq: CG) acquisition of a stake in Edgewood Partners Insurance Center.