Cigna Company History Timeline

(3,448 Jobs)

By March 31, 1982, all necessary approvals had been secured, and CIGNA was formed.

CIGNA Corporation was formed in 1982, when INA Corporation, with its strong position in property and casualty insurance, and Connecticut General Corporation, with its strength in life insurance and employee benefits, merged.

Formation of CIGNA Through 1982 Merger of INA and CG

1982: INA and CG merge to form CIGNA Corporation.

Cigna Corp. is an American health services company headquartered in Bloomfield, Connecticut, United States It was formed in 1982 when the Connecticut General Life Insurance Company (CG) merged with INA Corporation (the parent corporation of Insurance Company of North America).


In 1983 Philadelphia was selected as the headquarters for CIGNA.


In 1984 CIGNA acquired AFIA, formerly the American Foreign Insurance Association, to strengthen its position abroad (and also to resolve the conflict between INA's independent international operations and Aetna's membership in AFIA).

In 1984 the company had contacts in more than 100 countries and offered CIGNA a good way to expand its international market.


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


In 1987 the Aetna Insurance Company subsidiary was renamed CIGNA Property and Casualty Insurance Company.

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


Also in 1989, the company formed CIGNA International Financial Services to provide individual and group life and health insurance outside the United States.


In 1993 CIGNA WorldWide and CIGNA International Financial Services were merged under the recycled name, CIGNA International.


By early 1996, regulatory approval for the split had been received, despite opposition from industry competitors who were concerned that Brandywine might eventually run short of funds and have to be bailed out by a state guaranty fund--financed by the insurance companies themselves.

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.


CIGNA added to its employee benefits offerings in October 1997 with the formation of CIGNA IntegratedCare.

By 1997 CIGNA HealthCare offered a full range of group medical, dental, disability, and life insurance products, with traditional fee-for-service plans marketed in all 50 states.

Cigna sold the majority of its life insurance operations to Lincoln National Corporation in 1997.


1998: The company's United States individual life insurance and annuity operations are sold to Lincoln National Corporation.


In July 1999 CIGNA sold both INA Holdings and Brandywine Holdings, as well as its international property and casualty business, to ACE Limited, an insurer based in Bermuda, for $3.45 billion.


During 2000 Hanway became chairman and CEO, succeeding the retiring Taylor, who during his 12 years at the helm had transformed CIGNA from a multiline insurer to a firm focused on employee benefits--health insurance, group life insurance, retirement plans, and the like.

With more than 73 000 employees in more than 30 countries, Cigna Corp. is a Fortune 500 company and it is considered one of the top 2000 largest public companies in the world, according to Forbes.


There, they were initially rebuffed by a California Superior Court judge but then won an appeal in July 2001 from a higher court, which ruled that a trial could proceed on the matter of whether CIGNA's reorganization had violated the state's unfair competition law.

During 2001, CIGNA sold its majority-owned Japanese life insurance operation to Yasuda Fire and Marine Insurance Company, Limited.


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 June 2015, United States health insurer Anthem Inc. announced an offer to acquire Cigna for more than $47 billion in cash and stock.

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

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Bloomfield, CT
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