Chubb rebrands Cigna’s life operations in New Zealand

The current CEO will still take the lead in the rebranded Cigna.

Chubb will rebrand Cigna Life New Zealand and has appointed Gail Costa, current CEO of Cigna Life New Zealand, to lead its operations.

Costa will continue to have executive operating responsibility for the business, which will operate under the Chubb Life brand in New Zealand.

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Costa has more than 40 years of insurance industry experience, including 18 years as an executive with Cigna. She has served as CEO of Cigna Life New Zealand since 2018, and also led the business from 2003 to 2013. Costa also held CEO positions for Cigna in Turkey, Hong Kong and Europe.  Prior to joining Cigna, Costa was the General Manager Operations for Asteron.

On 1 July, Chubb completed its acquisition of the life and non-life insurance companies that house the personal accident, supplemental health and life insurance business of Cigna in six Asia-Pacific markets, including New Zealand, for $5.75b.