Cigna’s Partnership with Oscar

Locke Lord LLP represented Oscar in the deal.

Cigna Corporation (NYSE: CI), a leading global health service company, and Oscar, a tech-driven health insurance company, today announced an exclusive partnership to jointly provide commercial health solutions to small businesses.

The companies will provide affordable, seamless, fully insured health benefits under the Cigna + Oscar brand to the small group market. Cigna and Oscar plan to share risk equally under a reinsurance agreement for solutions offered through this strategic partnership. Pending regulatory approvals, the companies will launch in select markets in 2020 and plan to expand the partnership over time.

The Locke Lord team was led by Jon Biasetti (Picture) and included Benjamin Sykes, Sean Fifield and Brett Pritchard.

Involved fees earner: Jon Biasetti – Locke Lord; Sean Fifield – Locke Lord; Brett Pritchard – Locke Lord; Benjamin Sykes – Locke Lord;

Law Firms: Locke Lord;

Clients: Oscar Health;

Author: Ambrogio Visconti