Cigna now Chubb
Giant US insurer Chubb Life has formerly taken over Cigna in New Zealand and is stressing it is business as usual.
Monday, July 4th 2022, 5:37PM
Current chief executive Gail Costa has confirmed that she will continue to lead the company's life insurance operations in New Zealand.
Over time the business will be rebranded to Chubb Life.
Chubb says the deal advances its strategy to expand its presence in the Asia-Pacific region; a long-term growth area for the company, and adds to an already sizable accident and health business while expanding the company's Asia-based life insurance presence.
"Gail is an experienced insurance executive who has led businesses for Cigna in multiple countries, including New Zealand, where she's been managing the operation through a period of growth and change since 2018," Brad Bennett, senior vice president, Chubb Group and chief operating officer, Chubb Life, said.
“New Zealand is a new market for Chubb Life, and we're fortunate to have Gail in this position.”
Chubb says, in a statement, that the change will have no impact on customers’ policy, coverage or premiums.
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