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.
Reuters exclusively reports Cigna seeks sale of group benefits insurance business
20 August 2019, 12:00 am. 1 minute
Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Americas
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