NYSE-listed Cigna agrees to buy ANZ Bank NZ's OnePath Life for $700 million

Wed, 30 May 2018

By Jonathan Underhill May 30 (BusinessDesk) - Cigna Corp, the New York Stock Exchange-listed health services company, has agreed to acquire ANZ Bank New Zealand's OnePath Life NZ business for $700 million. The firm has been an insurance partner to ANZ NZ for 20 years and under the deal announced today it will continue to sell insurance products to ANZ bank customers under a 20-year strategic alliance, it said in a statement. The deal "diversifies Cigna’s distribution capabilities," said Cigna New Zealand chief executive Gail Costa. "C...

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