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Insurer Cigna to sell some businesses to Chubb for nearly $5.8 billion

Summary by Ground News

Health insurer Cigna Corp said on Thursday it entered into an agreement with insurance firm Chubb Ltd to sell its life, accident, and supplemental benefits businesses. As part of the deal, Chubb will acquire the businesses in Hong Kong, Indonesia, South Korea, New Zealand, Taiwan and Thailand.

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Bangkok Post

Insurer Chubb to acquire Cigna's business in Thailand, 5 other Asia-Pacific countries

SINGAPORE: US insurer Chubb Ltd has agreed to buy health insurer Cigna Corp's life, accident, and supplemental benefits businesses in Asia Pacific, including Thailand, and Turkey for US$5.75 billion in cash, both insurers said, marking the latest consolidation in Asia's insurance sector.

3 years ago·Bangkok, Thailand

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Market Screener

News Highlights : Top Financial Services News of the Day

Chubb to Acquire Cigna Businesses in Asia, Turkey for $5.75 Billion Chubb has agreed to buy some of Cigna's Asia-Pacific insurance operations as part of its strategy to expand in the region. ...

3 years ago

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OAN

Insurer Cigna to sell some businesses to Chubb for nearly $5.8 billion

October 8, 2021(Reuters) – Health insurer Cigna Corp said on Thursday it entered into an agreement with insurance firm Chubb Ltd to sell its life, accident, and supplemental benefits businesses in seven countries for $5.75 billion in cash.As part of the deal, Chubb will acquire the businesses in Hong Kong, Indonesia, South Korea, New Zealand, Taiwan and Thailand, in addition to Cigna’s interest in a joint venture in Turkey, the company said …

3 years ago·San Diego, United States

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Reuters

Insurer Cigna to sell some businesses to Chubb for nearly $5.8 billion

- Health insurer Cigna Corp said on Thursday it entered into an agreement with insurance firm Chubb Ltd to sell its life, accident, and supplemental benefits businesses in seven countries for $5.75 billion in cash. As part of the deal, Chubb will acquire the businesses in Hong Kong, Indonesia, South Korea, New Zealand, Taiwan and Thailand, in addition to Cigna's interest in a joint

3 years ago·United Kingdom

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