CIGNA takes further $300mn on VADBE exposures - Reinsurance legacy continues to haunt…
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CIGNA takes further $300mn on VADBE exposures - Reinsurance legacy continues to haunt…

21 July 2003
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CIGNA’s inability to hedge its exposures to variable annuity death benefit contracts (VADBEs) have cost the embattled US health insurer a further $300mn.

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News July 2003/4
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