Reinsurers Take More Hits, Especially Cigna – Unicover Arbitration Panel Renders Decision

DANVILLE -- After an arbitration panel concluded last month, reinsurers involved in the now-infamous Unicover Managers Inc. pool have taken what they believe are the final charges related to their involvement in the debacle.Cigna Corp. ended up taking the largest charge - $315 million after taxes - but some of that was also related to its runoff reinsurance business in London. While other companies were involved in the arbitration, only one other, Lincoln National moved to increase reserves by $175