Reuters exclusively reports Cigna seeks sale of group benefits insurance business

Reuters exclusively reported that U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion. Cigna’s move to shed the unit, which offers disability insurance as well as life and accidental death and dismemberment coverage, underscores its decision to focus on healthcare following its $54-billion acquisition of pharmacy benefits manager Express Scripts Holding Co last year.