Cigna to set up Saudi Arabia office
It is the first foreign insurer to be granted a licence
Cigna
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Cigna sells APAC insurance operations for $5.75bn
Deal also includes the company’s interest in a Turkish joint venture
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Insurance companies discriminate against some clients
Despite ‘blanket or general’ policies that refuse cover being against the law
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Coronavirus is covered by most health insurers
As many providers do not require policy changes or add-ons for their clients
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Making stress your business
UAE sits high on the list of countries with high stress levels at work, but this costly issue can be addressed effectively
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ANZ sells life insurance business to global giant Cigna
ANZ Bank New Zealand has agreed to sell its life insurance business to US-listed health insurance giant Cigna for NZ$700m ($485.4m, €419m, £368m), the second non-core business the group has shed in under a month.
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Cigna in massive $67bn acquisition
Health insurer Cigna Corporation is to acquire US Fortune 100 company Express Scripts for a staggering $67bn (£48bn, €54bn).
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PEOPLE MOVES: JP Morgan, Rothschild, Julius Baer
JP Morgan’s head of UK funds leaves the firm to “pursue other opportunities”, the chairman of Rothschild Investment Bank prepares to pass the reins over to his son and Julius Baer makes an appointment to its Guernsey branch management board.
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PEOPLE MOVES: Cigna, River & Mercantile, Quilter Cheviot
Cigna has named a chief executive for Europe, while Rivers and Mercantile parted ways with a lead manager over conduct issues and Quilter Cheviot added three to its investment team.
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Zurich underlines commitment to Middle East after Cigna deal
Zurich’s Middle East business has said it will continue to sell life policies in the region following the sale of its general insurance unit to healthcare provider Cigna.
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Dwindling expat packages make health insurance critical
The demise of the all-inclusive expat package is forcing the globally mobile to secure their own healthcare, with demand for health insurance expected to grow steadily as the number of people working outside their home country is set to double over the next decade.
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PEOPLE MOVES: Cigna, Lombard Int’l, Woodford
Global health insurer Cigna has boosted its distribution platform in Asia Pacific with two senior hires. Lombard International Assurance has appointed a head of France, while Woodford has raided his alma mater Invesco Perpetual to find a head of third party relationships.