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Bloomfield-based Cigna sells overseas businesses to Chubb

 Cigna offices
Ryan Caron King
/
WNPR
Cigna offices

Insurance industry giant Chubb is buying part of Bloomfield-based Cigna.

Cigna is selling Chubb businesses in the Asia-Pacific region, and an interest in a joint venture in Turkey.

The overseas Cigna operations being sold focus on life insurance, accident insurance, and supplemental benefits.

In a statement, Cigna president David Cordani said the deal will help the company focus on global health services.

In addition to its health insurance business, Cigna also owns pharmacy benefit manager Express Scripts.

This is NOT the first time Chubb has tried to do a deal with a Connecticut-based company recently.

Earlier this year, Chubb tried to buy The Hartford, but a purchase could not be completed.

Matt Dwyer is an editor, reporter and midday host for Connecticut Public's news department. He produces local news during All Things Considered.

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SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

The independent journalism and non-commercial programming you rely on every day is in danger.

If you’re reading this, you believe in trusted journalism and in learning without paywalls. You value access to educational content kids love and enriching cultural programming.

Now all of that is at risk.

Federal funding for public media is under threat and if it goes, the impact to our communities will be devastating.

Together, we can defend it. It’s time to protect what matters.

Your voice has protected public media before. Now, it’s needed again. Learn how you can protect the news and programming you depend on.

Connecticut Public’s journalism is made possible, in part by funding from Jeffrey Hoffman and Robert Jaeger.