Cigna, Focusing on Its Sizable Health Insurance Portfolio, to Sell Life, Accident and Benefits Business to Chubb in $5.75 Billion Deal

Cigna, Focusing on Its Sizable Health Insurance Portfolio, to Sell Life, Accident and Benefits Business to Chubb in $5.75 Billion Deal
Insurance giant Cigna's headquarters in Bloomfield. Brad Horrigan/Hartford Courant/TNS
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By Stephen Singer From Hartford Courant

Cigna Corp. has struck a $5.75 billion deal to sell its life, accident, and supplemental businesses to Swiss insurer Chubb Ltd.