WELLINGTON, 6 March 2023 – Cigna New Zealand (NZ) has changed its name to Chubb Life Insurance New Zealand Limited (Chubb Life NZ) and from today will be operating under the Chubb brand.
Chubb Life NZ Chief Executive Gail Costa says our customers, Independent Financial Advisers and business partners have responded positively to the new brand.
"They'll all benefit from Chubb Life's international expertise, innovation and technology, and we're excited to be able to continue to offer our market-leading products to customers."
"After confirming the sale of the business with customers last year, we're getting in touch this month to tell them about the name change and how much we're looking forward to looking out for them with our comprehensive range of insurance products."
"Everyone in the business has worked hard to complete the rebrand to Chubb in less than nine months. It's a huge milestone and I'm proud that we'll be able to continue to help New Zealanders protect what matters most as part of Chubb's global family."
Bryce Johns Senior Vice President, Chubb Group and President of Chubb Life believes New Zealand is an important growth market for Chubb.
"We're really excited about building on the break-out success that the business has had in enabling New Zealanders to access market leading life cover, and quality financial advice - especially in such turbulent times."
On July 1 2022, Chubb, the world's largest publicly traded property and casualty insurer, acquired the life and non-life insurance companies of Cigna in six Asia-Pacific markets, including New Zealand.
The addition of Cigna's personal accident, health and life insurance business advances Chubb's strategy to expand its presence in the Asia-Pacific region.
About Chubb Life New Zealand
Chubb Life Insurance New Zealand Limited (Chubb Life NZ) is one of the country’s leading providers of life insurance.
Formerly known as Cigna, we're committed to being there for our customers when they need us most. We offer our life, income protection, critical illness and business insurance products through Independent Financial Advisers, our partners at ANZ, Southern Cross and TSB as well as best-practice direct marketing.
Chubb Life has an A (Excellent) financial strength rating which was given by A.M. Best Company Inc. Visit chubblife.co.nz/financial-strength for more information.
About Chubb Life
Chubb Life is an international life insurer that provides protection and savings-oriented life insurance products to individuals and groups. Chubb Life serves the needs of consumers through a variety of distribution channels, including primarily captive agents, but also through banks, retailers, brokers, independent agents and direct marketing. Chubb Life has operations in eight Asian markets — Hong Kong, Indonesia, Korea, Myanmar, New Zealand, Taiwan, Thailand and Vietnam — as well as Latin America.
About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 34,000 people worldwide. Additional information can be found at: chubb.com
Media Contacts
Rebecca Farlow
+64 21 193 2989
rebecca.farlow@chubb.com
Joe Turnbull
+64 21 565 923
joe.turnbull@chubb.com