Cigna Corporation in Philadelpha today reported that it has received an adverse ruling from a London arbitration panel concerning a dispute over a retrocessional reinsurance arrangement related to a portion of its runoff workers’ compensation reinsurance business written in the …
CIGNA Corporation said that it will maintain its corporate headquarters at Liberty Place in Philadelphia through 2016. The company had been pursued by officials from New Jersey to relocated to the Camden area. Approximately 1,500 people currently work in CIGNA’s …
CIGNA Corporation announced that it has received formal approval to enter the Chinese life insurance market from the China Insurance Regulatory Commission, the first new license issued to a foreign insurer by the Chinese since the country’s accession to the …
Cigna Corp. has named its chief executive, H. Edward Hanway, as chairman of the board. Hanway, who has worked for Cigna for 22 years, succeeds Wilson H. Taylor who will retire at the end of the year. Hanway was named …
On Tuesday night President Clinton signed into law the bill granting China Permanent Normal Trading Relations (PNTR), opening a new era between the U.S. and the People’s Republic, and furthering China’s bid to join the World Trade Organization, perhaps before …
As expected the U.S. Senate passed the bill granting China permanent normal trading relations (PNTR), thus clearing one of the final obstacles to the entry of the world’s most populous nation into the World Trade Organization (WTO). While President Clinton, …
CIGNA Corp. President and CEO H. Edward Hanway urged the U.S. Senate to approve the bill passed by the House giving China permanent normal trade relations status (PNTR). While approval by the Senate is widely expected, as there is much …
Under the terms of the transaction, CIGNA will receive cash consideration amounting to approximately $170 million. An estimated after-tax gain of $75 million will be recognized over the remaining life of the reinsured business (approximately 10 to 15 years). The …
