Cigna announced Monday that it plans to repurchase over $7 billion of its own stock this year.
In a statement, the Bloomfield-based insurer and health care services conglomerate said it will increase its share purchase authorization by $6 billion, bringing total capacity to $10 billion. The company will commit “in excess of $7 billion” to stock buybacks this year alone, citing the “attractive valuation of Cigna’s equity.”
Cigna has announced that longtime healthcare executive Charles "Chuck" Berg has joined the company as president of its U.S. Government Business and Senior Advisor, a role that will task him with guiding the expansion of Cigna's Medicare Advantage and Individual and Family Plan businesses. He'll also join the company's Enterprise Leadership Team, reporting directly to Cigna
/PRNewswire/ Global health service company Cigna Corporation (NYSE:CI) announced that seasoned health care executive Charles "Chuck" Berg joined the company.