*n/a* history

The Connecticut General Life Insurance Company was founded in 1865 by a special act of the General Assembly signed by the Governor of Connecticut.

In 1871, INA was one of only 51 insurance companies that paid claims in full after the Great Chicago Fire that left 100,000 people homeless.

The bank’s history dates to 1904 when Amadeo Peter Giannini opened the Bank of Italy in San Francisco.

In 1906, INA promised to pay losses in full after the San Francisco earthquake that left nearly five square miles of the city in ruins.

Health insurance starts getting attention during the 1912 presidential election, when Theodore Roosevelt proposes funds to assist Americans with health care costs.

That same year, Connecticut General forms a new accident department, followed by a new group department in 1918.

Health insurance starts getting attention during the 1912 presidential election, when Theodore Roosevelt proposes funds to assist Americans with health care costs. It begins marketing group accident and sickness contracts in 1919—its first involvement with employee health insurance.

In 1935, the Boston Woven Hose & Rubber Company of Pittsburgh was founded by Ben Gooding, Sr.

Four years later, in 1954, Connecticut General introduces the first comprehensive medical case that combines group health and major medical into a single contract.

The first expatriate employer group policy is written in 1977.

In 1978, INA entered the prepaid health plan business by acquiring HMO International, which operates hospitals in the United States and abroad.

Cigna Corporation was formed in 1982 by the merger of the Connecticut General Life Insurance Company (CG) and INA Corporation (the parent company of the Insurance Company of North America). The name ”Cigna” is a combination of the letters from the merging companies, CG and INA.

One of BankAmerica’s most significant acquisitions was the 1983 purchase of Washington state bank Seafirst Corporation, which was the biggest United States interstate bank merger to date.

In 1984, Cigna Corporation acquired American Foreign Insurance Association (AFIA), an international insurance underwriting association.

In an attempt to diversify geographies and industrial markets, the company embarked on a series of acquisitions starting in 1985 with the purchase of the Richmond Rubber Company.

Advanced Sealing was incorporated in 1988 and has US based facilities located in Cerritos, California and Pascagoula, Mississippi.

In 1990, Cigna acquired EQUICOR, one of the largest providers of employee benefits in the United States

After purchasing its major competitor in California, Security Pacific Corporation, in 1991, Bank of America became the first bank to offer coast-to-coast operations in the United States.

In 1997, Cigna acquired Healthsource, Inc.

In 1998, Cigna sold its individual life insurance and annuity business to Lincoln National Corporation, beginning to refocus on its health care business.

In 1999, Cigna sold its international and domestic property and casualty business, the Insurance Company of North America (INA), to ACE Limited.

In 2004, Cigna sold the financial and retirement business to Prudential Financial, Inc.

In May, 2006, the acquisition of the assets of Goodall Rubber Company was completed and the largest North American industrial rubber distribution business had grown to more than 50 locations throughout North America.

Subsequently, in 2007, Lewis-Goetz bought Samson Industrial, a company built through the consolidation of many former Rubber and Gasket Company operations whose individual histories and stories are as varied as the industry itself.

In 2008, Lewis-Goetz purchased RBH/Mill & Elevator Supply, Inc. and RBH/Industrial, Inc. a provider of industrial supplies to the agricultural and industrial markets of the Midwest.

In January 2009 Bank of America announced that it would receive $20 billion in United States government aid and an additional $118 billion in guarantees against bad assets incurred as a result of the acquisition of Merrill Lynch.

Lewis-Goetz acquired both the EVCO House of Hose and Industrial Supply & Rubber of Decatur, Alabama in 2010.

2011 was a big year – not only did Lewis-Goetz re-brand themselves to take on a more industrial company look and feel, but they also acquired Valley Rubber and Gasket, a Sacramento-based fabricating distributor of conveyor belting, hose and sealing products.

In 2012 it agreed to pay $2.43 billion to settle a class-action suit involving allegations that the company had failed to disclose to investors the true financial health of Merrill Lynch.

In 2013 the United States government sued Bank of America for financial fraud, and the following year the company agreed to pay $16.65 billion.

On July 7, 2014 Lewis-Goetz acquired Advanced Sealing which is a full-spectrum manufacturer and distributor of fluid sealing products to refining, chemical processing, power generation and waste water treatment facilities.

In early April 2015, Lewis-Goetz increased its footprint in the Southeast region of the United States by acquiring Action Industrial Group.

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.