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Cigna Corp. (CI) Set A New Highh After Berkshire Deal

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Cigna Corp. (CI: Quote) announced a definitive agreement with Berkshire Hathaway Life Insurance Company of Nebraska after the bell Monday. Berkshire will reinsure Cigna's Run-off Guaranteed Minimum Death Benefits and Guaranteed Minimum Income Benefits businesses effective February 4, 2013.

Cigna gapped open sharply higher Tuesday, but traded in a narrow range throughout the session. The stock closed up by 2.03 at $60.38 and climbed to a new high for the year.

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by RTT Staff Writer

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