Cigna to Acquire Sterling Life Insurance Company

Cigna announced last week that it has entered into an agreement with WellCare Health Plans, Inc. to acquire Sterling Life Insurance Company. The purchase comes as part of Cigna’s commitment to expand its Medicare Supplement product line and market share....

Medicare Supplement Market Premium Grows 5.8% to $25.7 Billion

CSG Actuarial has compiled information from the NAIC and other sources and is reporting that total earned premiums in the Medicare Supplement market in 2014 totaled $25.7 billion, a 5.8% increase over 2013. A few other notes of interest: The total Medicare Supplement...