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Cigna acquires Zurich Insurance Middle East
Arthur Cozad, Howard Gough, CEO of Cigna for the Mena region, Gipmi and Global Government segments, and Jason Sadler at a press conference in Dubai on Tuesday.
"With this acquisition, Cigna will operate in the UAE, Lebanon, Kuwait and Oman, further complementing its capabilities across the region," according to the statement.
Cigna has named Arthur Cozad, former CEO of Cigna Taiwan, as chief executive for Middle East markets.
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.
"Cigna aims to improve the health, well-being and sense of security of our regional customers by providing full access to our global expertise and wide range of specialised healthcare benefits, products and wellness programs," Jason Sadler, president of Cigna International Markets, said.
Earlier this year, Cigna opened offices at the Dubai International Financial Centre (DIFC) to serve as its regional headquarters, providing management support and specialist services to its regulated entities across the GCC.
- business@khaleejtimes.com
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