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Last Article Uploaded: Monday, August 2nd, 7:27AM

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OnePath to disappear

Cigna is intending to combine its two businesses by transferring the OnePath Life insurance business to Cigna Life Insurance New Zealand.

Tuesday, August 6th 2019, 7:10PM

If this is approved by the Reserve Bank of New Zealand, the insurer of all OnePath policies will change to Cigna Life Insurance NZ.

As part of the application to the Reserve Bank, Cigna is required to seek feedback from policyholders.

Cigna says that none of this will change its day-to-day business operations or how it supports advisers, and there will be no change to clients' policies and service.

"Having a single legal entity will help us operate with greater efficiency to deliver to both you and your customer’s needs," chief executive Gail Costa says.

Cigna has an A rating from AM Best and One Path has an A rating from Standard and Poor.

 

Tags: AM Best Cigna OnePath S&P

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