Recently, global health services company Cigna announced the acquisition of Zurich Insurance's Middle East business. The acquisition was completed in June, marking the beginning of a new phase of Cigna's business operations in the Middle East, and Cigna will also become the leading provider of health services to local individuals, groups and government institutions.

　　In accordance with regulatory requirements, the acquired entity will first be known as "Zurich Insurance Middle East, a Cigna company". Once all formalities are completed, the company will adopt a name consistent with the Cigna brand. With this acquisition, Cigna will operate in the United Arab Emirates, Lebanon, Kuwait and Oman, further complementing its existing business capabilities in the region. It is reported that Cigna has appointed Arthur Cozad, former CEO of the company's Taiwan business, as CEO of the Middle East market.

Source: 2017-07-18 00:02:57 Shanghai Financial News