Four people familiar with the issue spoke to Reuters anonymously, as the matter is confidential. The unit Cigna is exploring a sale for offers disability insurance, as well as life and accidental death and dismemberment coverage.
Cigna’s decision to potentially spin off the business comes as the insurer turns a greater focus toward healthcare after its acquisition of pharmacy benefits manager Express Scripts.
A Cigna spokesperson told Reuters, “Given the dynamic marketplace, we continually review opportunities to ensure we continue to deliver value to our customers and clients.”
Read the full report here.
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