Cigna Group Insurance Acquired By New York Life

From: Bill Smith, President, Cigna Group Insurance []
Sent: Wednesday, December 18, 2019 12:03 PM
Subject: Important news from Bill Smith, President, Cigna Group Insurance



Dear Client,

Earlier today, we announced that Cigna Group Insurance (CGI) will be acquired by New York Life, the largest mutual life insurer in the U.S. I’m excited about this next chapter, but I’m even more excited about what we can do for you in the future.

I’ve committed to staying to run our business for one simple reason: I get to work with you. We have the unique opportunity and privilege to serve you, collaborate with you, and find new ways to provide financial security and peace of mind to millions of people. My 3,000 colleagues at CGI show up every day because we can make a difference. With New York Life, we know we can do even more of the great work you’ve come to count on.

We know that change can raise questions. Let me answer one directly: we will not, for one moment, lose our focus on what matters to you. We expect to close in the third quarter of 2020 and, while it will take several months for the transaction to obtain government approvals, we are not taking any days off or losing sight of what matters most. We commit to updating you on our progress. We commit to delivering on a seamless transition. And, above all, we commit to being your best partner.

Your client manager will be reaching out to you soon. As always, if you have questions or want to talk through today’s news or anything else we can help with, feel free to contact us directly. Until close, we remain separate and independent companies.

We are honored that you choose to work with us. As we head into the future with New York Life, we look forward to earning your trust every day. We’re off to a great start, and we are excited about the journey ahead as we strengthen our relationship with you.

Bill Smith
Cigna Group Insurance