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Reuters exclusively reports Cigna seeks sale of group benefits insurance business

Reuters exclusively reports Cigna seeks sale of group benefits insurance business

Reuters exclusively reported that U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion. Cigna’s move to shed the unit, which offers disability insurance as well as life and accidental death and dismemberment coverage, underscores its decision to focus on healthcare following its $54-billion acquisition of pharmacy benefits manager Express Scripts Holding Co last year.