Reinsurance News

Cigna

Cigna Intl. appoints CEO for Domestic Health & Health Services

22nd August 2022

Global health services company, Cigna Corporation has appointed Jerome Droesch as Chief Executive Officer of Domestic Health and Health Services for all of Cigna International Markets business outside of the US. Within this new role, Droesch will have direct focus on leading the Domestic Health and Health Services business for the ... Read the full article

Cigna expands health insurance products into Philadelphia area

15th August 2022

Cigna Corporation is to expand its Cigna + Oscar small business health insurance into the Philadelphia metro area. Following regulatory approval, the insurer said the product will go out across the territory into the counties of Bucks, Chester, Delaware, Montgomery, and Philadelphia at the beginning of next year. Bruce Grimm, senior vice ... Read the full article

Chubb completes acquisition of Cigna APAC businesses

1st July 2022

Chubb Limited has completed its acquisition of the life and non-life insurance companies that house the personal accident, supplemental health and life insurance business of Cigna, in six Asia-Pacific markets. Chubb paid $5.36 billion for the operations, which includes Cigna’s accident and health (A&H) and life business in Korea, Taiwan, New ... Read the full article

Chubb acquires Cigna A&H businesses for $5.75bn

8th October 2021

Global insurance carrier Chubb has agreed to acquire Cigna Corporation’s life, accident and supplemental benefits businesses in seven countries for a cash consideration of $5.75 billion. Chubb Chairman and CEO Evan G. Greenberg noted that Cigna’s business is “overwhelmingly A&H,” and will help to “rebalance” its global portfolio in the Asia ... Read the full article

New York Life acquires Cigna businesses

7th January 2021

US domiciled mutual life insurer New York Life has completed its $6.3 billion acquisition of health insurer Cigna’s life, accident, and disability insurance business. The acquisition, which was first announced in 2019, adds approximately 3,000 employees and over nine million customers to New York Life’s portfolio. The new business will be ... Read the full article

Cigna appoints Droesch CEO of MEA region

13th May 2020

Global health services company Cigna Corporation has appointed Jerome Droesch as Chief Executive Officer for the Middle East and Africa region, expanding his remit to include all markets across Africa. Droesch has also been appointed Senior Executive Officer and Chairman of the Cigna Insurance Management Services Board in the Dubai International ... Read the full article

New York Life to purchase Cigna’s group life & disability insurance business

19th December 2019

U.S. domiciled mutual life insurer, New York Life, has entered into a definitive agreement to acquire Cigna's group life and disability insurance business for USD 6.3 billion. The transaction is expected to close in the third-quarter of next year and remains subject to regulatory approvals and other customary closing conditions. Once completed, ... Read the full article