tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Wednesday, April 1st, 2:33PM

Insurance

rss
Latest Headlines

Cigna and OnePath now one

Cigna has successfully combined its OnePath and Cigna New Zealand businesses.

Monday, February 3rd 2020, 9:29AM

The transfer of the OnePath business to Cigna was completed on January 31, after Reserve Bank approval.

The combined business now operates as Cigna Life Insurance New Zealand Limited (Cigna), which is part of Cigna Corporation.

Cigna has been working to combine the two businesses since November 2018 when it completed the purchase of OnePath from ANZ New Zealand. With its New Zealand businesses now combined, Cigna has also brought the two together under one brand and re-launched its website to reflect its extended product and service offering.

Chief executive Gail Costa said: “We’re proud to have completed the final phase of the acquisition so quickly and are thrilled to welcome all OnePath customers to Cigna. This is a huge milestone for our business, we now have a solid foundation for growth, and a platform to continue looking after the 450,000 customers we protect.

"All policy holders have been notified of these changes and we look forward to continuing to look out for our customers with insurance products that best meet their individual needs.”

She said the insurer could have spent two or three years going through the integration and amalgamation process. "We thought let's just go for it so then we'll be out the other side. I'm glad we did."

She said it had been a big year for Cigna. Advisers had said they liked the fact that it was effectively a new company, with global reach.

"We've kicked off now, we're ready to come to market as one company."

Products would be refreshed, she said, with updated policies, pricing and documentation. A new quote tool would also be available.

Advisers were showing strong support for Cigna, she said, with more interest and new business coming in. Costa said that was significant, given that Cigna had not been aggressively promoting itself in the market.

 

 

 

Tags: Cigna OnePath

« Woman 'forgotten' during advice processOlder Kiwis hold on to insurance »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

MDRT plans virtual annual meeting
The MDRT's annual meeting, which attracts more than 10,000 delegates from around the world, will be a virtual event this year.

ANZIIF cancels insurance awards
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has made the decision to cancel the 2020 Australian and New Zealand Insurance Industry Awards.

Partners Life supports rainbow community
Partners Life is again supporting the Rainbow Excellence Awards.

AIA receives Gender Tick accreditation
AIA New Zealand is the first insurer in New Zealand to be awarded the YWCA Gender Tick.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com