Cigna pays $400mn more for past variable annuity sins
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Cigna pays $400mn more for past variable annuity sins

09 February 2009
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Former P&C giant-turned medical expenses insurer Cigna has reported $405mn further attritional losses arising from variable annuity (VA) business it ceased writing 8 years ago, boding ill for other life (re)insurers with VA exposures still to report.

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