Scoop has an Ethical Paywall
OnePath acquisition a step closer for Cigna Insurance
OnePath acquisition a step closer for Cigna Insurance
Cigna New Zealand is pleased to announce that final regulatory approval has been granted from the Reserve Bank of New Zealand and the Overseas Investment Office for the acquisition of ANZ’s OnePath Insurance business.
Earlier this year Cigna entered into negotiations with ANZ to purchase OnePath. Once completed, this acquisition will make Cigna New Zealand’s third largest life insurance provider.
This year will see Cigna celebrate its 100th year of operation. Cigna has a long history in the New Zealand market as a strong and sustainable business that customers can trust.
Gail Costa, Chief Executive of Cigna New Zealand, says: “we’re really pleased to have reached this important milestone on the journey. This is an exciting time for both organisations as we work towards bringing the companies together.”
The sale is expected to be completed by early 2019.
-Ends-
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
