Cigna buys Zurich Insurance Middle East
Cigna Corporation, a global health services company, recently announced the acquisition of general insurer Zurich Insurance Middle East. The acquisition, which was successfully completed in June, marks the beginning of a ‘new phase of operations for Cigna as the premier provider of both health and wellness services to individuals, employers and government entities across the Middle East’, said the company. With this acquisition, Cigna will operate in the UAE, Lebanon, Kuwait and Oman, further complementing its capabilities across the region.
In line with regulatory compliance, the newly acquired entity will be called ‘Zurich Insurance Middle East, a Cigna-owned company’. The company will assume a name that aligns with the Cigna brand once all formalities have been completed.
In the Middle East region, Cigna delivers group health products and services for small businesses and family-owned enterprises through to multinational companies. Through its new entity, Cigna says it will be able to provide more personalized products to individuals, employers, and government entities; 24/7 customer support; multilingual call centres located across nine global locations; specialized clinical services, and access to one million medical and healthcare professionals and facilities worldwide.
Jason Sadler, President of Cigna International Markets said: “Cigna has enjoyed a strong presence in the Middle East for more than 15 years through our local partners. Today, we mark a significant new phase of our journey and commitment to the region. Cigna aims to improve the health, wellbeing and sense of security of our regional customers by providing full access to our global expertise and wide range of specialized healthcare benefits, products and wellness programs.”
Cigna has named Arthur Cozad, former CEO of Cigna Taiwan, as CEO for Middle East markets.