Chubb completed the acquisition of the personal accident, supplemental health and life insurance business of Cigna for $5.75bn.

Chubb, a global provider of insurance products, completed the acquisition of the personal accident, supplemental health and life insurance business of Cigna, an American multinational managed healthcare and insurance company, for $5.75bn. "The addition of Cigna's business, which is overwhelmingly A&H, will further balance our global portfolio toward this important region. We have long admired and respected Cigna's business in Asia including its talented people, innovative products, technical and analytical capabilities, distribution and management. Chubb will be better able to capitalize on market and product opportunities with strong brand, complementary direct marketing skills and the cross-selling of Chubb's non-life product to life customers," Evan G. Greenberg, Chubb Chairman and CEO.