Cigna unit signs $700m IBM contract

NH Business Review Staff,

One of the nation’s largest insurance companies has entered into an agreement with one of the world’s largest technology firms.

Connecticut General Life Insurance Co., a wholly owned subsidiary of Cigna Corp. of Philadelphia, Pa., has signed a contract worth $723.5 million over seven years for information technology services to be provided by IBM.

According to filings with the U.S. Securities and Exchange Commission dated Sept. 28 but posted more recently, the scope of work stipulated in five separate statements of work includes services for Connecticut General’s contact center application, enterprise content management, risk-based capital infrastructure, voice and data communications and network and information technology strategy. The contract is effective this month and is renewable for up to two years.

Connecticut General provides life insurance to nearly 10 million policyholders. — CINDY KIBBE/NEW HAMPSHIRE BUSINESS REVIEW

Categories: News

More news from NHBR:

177683682169e860d5e1d1c
Health, News

North Country Healthcare report listening sessions

North Country Healthcare on Monday, April 13, released a report summarizing feedback from a series of community listening sessions held earlier this year across the region, highlighting widespread concern about access to care, staffing and communication, along with strong support for keeping local hospitals open.

Assisted Living Facility
News, Nonprofits

Morrison Hospital Association files for bankruptcy

Morrison Hospital Association, a nonprofit senior care provider in northern New Hampshire, filed for Chapter 11 bankruptcy protection April 10, citing mounting debt — including a nearly $23 million federal loan — and lingering financial effects from the COVID-19 pandemic.

Business Mergers And Acquisitions Concept. Share Acquisition, As
Banking and Finance, News

2026 M&A market expectations

After two choppy years for dealmakers, 2026 is starting with a very different tone, one that many business owners have been waiting for. While the past few years brought tariff swings, interest rate volatility and a cautious lending environment, the fundamentals are shifting in a way that increasingly favors sellers, especially those in the lower-middle-market (LMM).