Cigna Group, formed in 1982 from the merger of Connecticut General Life Insurance Company and INA Corporation, has grown into a global health services giant. Its history includes pioneering insurance products, major acquisitions like Express Scripts, and a focus on health and pharmacy benefits.
Insurance Company of North America (INA) founded in Philadelphia as the first American marine insurance company. #insurance #history
Connecticut General Life Insurance Company founded in Hartford, Connecticut, later becoming a major life and health insurer. #insurance #history
INA issues the first aviation insurance policy for the emerging airline industry. #aviation #insurance
Connecticut General begins offering group accident and health insurance policies to employers. #health #insurance
INA expands into the reinsurance market, diversifying its risk portfolio. #reinsurance #insurance
INA forms its own health maintenance organization (HMO) to manage healthcare costs. #healthcare #HMO
Connecticut General and INA merge to form Cigna Corporation, creating one of the largest insurance firms in the U.S. #merger #insurance
Cigna introduces Cigna Healthplan, an HMO and managed care organization. #healthcare #HMO
The company officially adopts the Cigna name, derived from CGI (Connecticut General) and INA. #branding #insurance
Cigna opens offices in Japan and other Asian markets to tap into growing insurance demand. #expansion #Asia
Cigna sells its property and casualty insurance operations to ACE Limited to focus on health and life insurance. #divestiture #insurance
Cigna sells its retirement and investment services business to focus on health and group insurance. #restructuring #insurance
Cigna refocuses strategy on health insurance and managed care, divesting non-core lines. #healthcare #strategy
Cigna settles a class-action lawsuit with physicians over claim practices, agreeing to reform processes. #legal #healthcare
Cigna acquires Great-West Healthcare for $1.5 billion, expanding its employer-based health plans. #acquisition #healthcare
Cigna acquires HealthSpring for $3.8 billion, gaining a strong Medicare Advantage business. #Medicare #acquisition
David Cordani takes over as CEO of Cigna, leading the company through major acquisitions and growth. #leadership #CEO
Cigna agrees to merge with Anthem in a $54 billion deal, later blocked by federal antitrust regulators. #merger #antitrust
Cigna appoints Isaiah Harris Jr. as chairman of the board after the termination of the Anthem merger. #corporate #governance
Cigna completes acquisition of Express Scripts for $54 billion, becoming a major pharmacy benefit manager. #pharmacy #acquisition
Cigna merges operations with Express Scripts, launching combined health and pharmacy services. #integration #healthcare
Cigna waives copays for COVID-19 testing and treatment, expanding telehealth services. #COVID19 #telehealth
Cigna sells its life, accident, and supplemental benefits business to Chubb for $5.7 billion. #divestiture #insurance
Cigna posts $6.7 billion in net income, driven by pharmacy and health service growth. #earnings #financial
Cigna introduces new health insurance plans focused on affordability and digital health tools. #healthplans #innovation
Cigna maintains its position as a leading health and pharmacy benefits company, expanding partnerships. #healthcare #corporate