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CIGNA () is a Philadelphia -based Insurance company, the oldest Stock insurance company in the United States . CIGNA can trace its roots back to 1792 , and the founding of the Insurance Company Of North America (INA), the country's first marine insurer. Its first Life Insurance policy was issued two years later. In 1865 , the Connecticut General Life Insurance Company (CG) was formed in Hartford . Nearly 120 years later, in 1982 , CG and INA merged to form CIGNA. In 1998 , CIGNA sold its individual life insurance business to Lincoln National Corporation , and the next year it sold its property and casualty insurance business to the ACE Limited , for $3.5B cash. In 2000 , it sold its Reinsurance business to Swiss Re . In 2004 , it sold its Pension business to Prudential Financial . Connecticut General was a major funder of the Planned City of Columbia, Maryland . COMPETITORS
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