Global Health Services Company Cigna Acquires Zurich Insurance Middle East
July 11 2017 - 9:30AM
Business Wire
Cigna launches new phase of operations as the
premier provider of health and wellness services to Individuals,
Employers and Government entities across the Middle East
Cigna Corporation (NYSE: CI), a global health services company,
today announced the acquisition of general insurer, Zurich
Insurance Middle East (SAL). 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. 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
will be able to provide even 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, well-being 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.
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.
Howard Gough, CEO of Cigna for the MENA Region, Global
International Private Medical Insurance (GIPMI), and Global
Government segment, added: “We are witnessing a dynamic change
within the GCC region’s healthcare sector, defined by regulatory
reform and national agendas that prioritize the importance of
quality healthcare. Cigna’s healthcare benefit products and its
preventive wellness solutions meet a vital need for companies, and
local and globally mobile individuals.”
About Cigna Middle East
Insurance
Cigna Corporation (NYSE: CI) is a global health service company
dedicated to helping people improve their health, well-being and
sense of security. With a heritage of over 200 years, Cigna is
committed to its promise of being together all the way in providing
healthcare, clinical management and wellness programs to employers,
individuals and governments around the world.
Operating for more than 15 years in the MENA region, Cigna
serves the GCC markets and Lebanon, through its locally regulated
entities and regional headquarters in Dubai International Financial
Centre (DIFC). The company delivers both health and wellness
services to individuals, employers and government entities in the
region.
The company maintains a global sales capability in 30 countries
and jurisdictions, employing over 40,000 people that service more
than 95 million customer relationships throughout the world.
Headquartered in Connecticut, USA, Cigna is a Fortune 100 company
with a total revenue of US$39.7 billion in 2016.
To learn more about Cigna Middle East, visit
www.cigna-me.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170711005294/en/
Cigna CorporationLianne Braganza-D’SylvaHead of Marketing
& Communications, MENA+971 52 690
0081Lianne.Braganza@cigna.com
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