Photo Credit: Getty/Tom Merton
The execs: Cigna CEO David Cordani and Anthem CEO Joseph Swedish
The place: Cigna headquarters in Bloomfield, Connecticut, and Anthem headquarters in Indianapolis
The drama: The leaders at both insurance companies have spent plenty of time sniping back and forth as a potential merger between the two unfolded.
Cigna rejected multiple offers from Anthem over the course of 2015, partially because Cordani wanted to run the conglomerate once the two merged. Cigna’s board wrote a letter to express its disappointment in the talks in June 2015, and both sides continued to trade barbs over the course of discussions.
Though a compromise between Cordani and Swedish over the former’s role in the company was reached, tension between the two did not subside.
The outcome: The back and forth continues.
Cigna officials view Anthem’s lawsuit against Express Scripts as a potential roadblock to the merger, though Anthem argues otherwise.
Throwing another wrench into the back-and-forth is the Department of Justice, which has become more aggressive in its fight to stop insurance mergers on anti-trust grounds.
Cordani says he plans to pursue other growth opportunities if the deal fails.