Cigna history

Healthsource had been founded in 1985 by a group of doctors in Hooksett, New Hampshire, as an HMO serving rural areas and smaller cities.

1987: The Aetna Insurance subsidiary is renamed CIGNA Property and Casualty Insurance Company.

1989 CIGNA International Financial Services is formed to offer life and health insurance products internationally.

1992 CIGNA has been in operation for 200 years.

1993 CIGNA adopts a new logo, known as the 'tree of life'

1996: Regulators approve CIGNA's plan for a split in its domestic property and casualty operations, between ongoing policies and previous policies related to asbestos and environmental liabilities.

1997 CIGNA acquires Healthsource, a health care company.

Part of the reinsurance operations--the domestic individual life, group life, and accidental death portions--were sold to a subsidiary of Swiss Reinsurance Company in July 2000 for $170 million.

2001 CIGNA wins various awards, being recognized as a good place to work.

2002 CIGNA Vision Care is formed.

2004 CIGNA focuses on health insurance products.

2005 CIGNA is awarded for “Best Health Plan Initiative for Consumer Directed Health Care” and “Best Technology Introduced by a Health Plan Organization for Employee/Consumer Choice”.

2006 CIGNA acquires Star HRG, a low cost health plan and coverage for casual and part time employees.

2009 CIGNA receives gold in 2009 Gartner & 1 to 1 Customer Experience Excellence Award.

In October 2011, Cigna agreed to buy HealthSpring Inc. for $3.8 billion to jump-start its business selling Medicare plans from 46,000 Medicare Advantage members to almost 400,000 Medicare Advantage members.

In 2013, Cigna operated in 30 countries, had approximately 35,800 employees and managed around US$53.734 billion in assets.

Anthem confirmed it had reached a deal to buy Cigna on July 24, 2015.

ACE Limited adopted the name Chubb Limited upon its acquisition of Chubb Corp. in 2016.

In 2017, Cigna acquired Brighter to accelerate the development of technology platforms that connect health consumers and providers.

Cigna is the first payer to commit to the US Department of Health & Human Services 50/90 goals (50% of payments in alternative payment models and 90% in value-based arrangements by 2018).

In October 2020, it was announced that Cigna and Envision Healthcare had renewed their agreement to include Envision's clinicians as in-network providers for Cigna's members.

In 2021, Molina Healthcare acquired Cigna's Medicaid contracts in Texas for US$60 million.