Cigna completed the sale of its group life and disability insurance unit to New York Life Insurance for $6.3 billion in a move to focus on its healthcare businesses, the companies announced last Thursday. The acquisition of Cigna’s group life, accident, and disability insurance business, first announced a year ago, adds about 3,000 employees and… Continue reading Cigna Completes $6.3B Sale of Non-Medical Insurance Unit to New York Life
Tag: NY Life
New York Life to Pay $6.3 Billion for Cigna’s Life and Disability Insurance Business
New York Life Insurance Co. agreed to pay $6.3 billion in cash for a Cigna Corp. unit that sells nonmedical insurance products to employers, the two firms said Wednesday. The deal will catapult the New York insurer up the market-share rankings of businesses providing benefits like life insurance, disability-income insurance and accident insurance to employees… Continue reading New York Life to Pay $6.3 Billion for Cigna’s Life and Disability Insurance Business