WebJul 1, 2024 · Chubb Limited (NYSE: CB) today announced that it has completed its acquisition of the life and non-life insurance companies that house the personal accident, supplemental health and life insurance business of Cigna (NYSE: CI) in six Asia-Pacific markets. Chubb paid $5.36 billion for the operations, which include Cigna’s accident and … WebOct 7, 2024 · The operations to be acquired include Cigna's A&H and life business in Korea, Taiwan, New Zealand, Thailand, Hong Kong and Indonesia and its interest in a joint venture in Turkey. These operations generated approximately $3 billion in net premiums written in 2024.. This highly complementary transaction advances Chubb's strategy to expand its …

S&C Advises Chubb in $5.75 Billion Acquisition of Cigna Selected …

WebOct 8, 2024 · Chubb will pay Cigna a cash consideration of $5.75 billion. The transaction is not subject to a financing condition and Cigna expects to realize approximately $5.4 … WebWe deployed $5.4 billion for the Cigna acquisition and invested a further $1.4 billion to increase our ownership in Huatai, both strategic acquisitions. At the same time, we … floating change

Cigna faces questions about M&A strategy amid ‘arms race’ for …

WebJul 1, 2024 · This complementary strategic acquisition advances Chubb by expanding its presence in the Asia-Pacific region, a long-term growth area for the company. With the addition of Cigna's business, Asia ... WebJul 1, 2024 · Chubb paid Cigna cash consideration of nearly $5.4 billion and Cigna expects to realize approximately $5.1 billion of net after-tax proceeds from the transaction. … WebFurther balances Asia’s share of Chubb’s global portfolio –from approx. $4 billion to $7 billion in premium, representing approx. 20% of Chubb total (ex China) Further builds … floating charm badge reel