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Insurer Chubb to acquire Cigna’s business in Asia, Turkey for USD 5.8bn

Insurer Chubb to acquire Cigna’s business in Asia, Turkey for USD 5.8bn

The U.S. insurer Chubb Ltd has agreed to buy health insurer Cigna Corp’s (CI.N) life, accident, and supplemental benefits businesses in Asia Pacific and Turkey for USD 5.75bn in cash, both insurers said, marking the latest consolidation in Asia’s insurance sector. The operations to be acquired include Cigna’s A&H and life business in Korea, Taiwan,...