Chubb Life Announces Gail Costa Will Lead Newly Acquired Life Insurance Operations of Cigna in New Zealand, Business News
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HONG KONG, July 4, 2022 /PRNewswire/ — Chubb Life today introduced that Gail Costa will lead the firm’s daily life insurance policy functions in New Zealand that had been a short while ago obtained from Cigna. Ms. Costa, who is at present Main Executive Officer of Cigna Lifestyle New Zealand, will keep on to have government working accountability for the business, which will run underneath the Chubb Lifestyle brand in New Zealand.
Gail Costa will direct the existence insurance plan operations in New Zealand that Chubb Life a short while ago obtained from Cigna.
On July 1, Chubb, the world’s premier publicly traded assets and casualty insurance company, completed its acquisition of the lifetime and non-lifetime insurance policy corporations that home the individual incident, supplemental overall health and everyday living insurance policy business enterprise of Cigna in six Asia-Pacific markets, such as New Zealand. The addition of this consumer-centered business enterprise developments Chubb’s technique to extend its existence in the Asia-Pacific region, a long-phrase growth location for the firm, and provides to an by now sizable incident and well being (A&H) business enterprise although expanding the company’s Asia-based mostly life insurance existence.
Ms. Costa will, in addition to the neighborhood Board, report to Brad Bennett, Senior Vice President, Chubb Team and Chief Running Officer, Chubb Lifetime.
“Gail is an skilled insurance plan executive who has led organizations for Cigna in many international locations, which includes New Zealand, exactly where she’s been taking care of the operation by way of a period of expansion and improve considering that 2018,” reported Mr. Bennett. “She’s a strong leader with deep abilities across finance, functions and advertising. New Zealand is a new marketplace for Chubb Lifetime, and we’re privileged to have Gail in this place. I seem ahead to doing work with her and welcome all of our new colleagues from Cigna at this thrilling instant for our enterprise in New Zealand and throughout Asia-Pacific.”
Ms. Costa has extra than 40 decades of insurance field practical experience, which include 18 yrs as an government with Cigna. She has served as CEO of Cigna Existence New Zealand due to the fact 2018, and also led the business enterprise from 2003 to 2013. Ms. Costa also held CEO positions for Cigna in Turkey, Hong Kong and Europe. Prior to signing up for Cigna, Ms. Costa was the General Supervisor Functions for Asteron.
Ms. Costa is a certified accountant and retains a bachelor’s degree in Commerce and Administration from Victoria College and a Diploma in Immediate Advertising and marketing from the Institute of Direct Advertising, London, U.K.
About Chubb Lifestyle
Chubb Life is an intercontinental lifetime insurance provider, largely centered on Asia, that offers security and financial savings-oriented life insurance policy merchandise to individuals and teams. Chubb Lifetime serves the requirements of people through a range of distribution channels, including mainly captive agents, but also by way of banking institutions, merchants, brokers, impartial brokers and immediate marketing and advertising. Chubb Daily life has operations in 8 Asian marketplaces — Hong Kong, Indonesia, Korea, Myanmar, New Zealand, Taiwan, Thailand and Vietnam — as nicely as Latin America.
About Chubb
Chubb is the world’s premier publicly traded assets and casualty coverage enterprise. With functions in 54 nations and territories, Chubb offers business and own house and casualty insurance, private incident and supplemental overall health coverage, reinsurance and lifestyle insurance policy to a diverse team of consumers. As an underwriting business, we evaluate, presume and manage threat with insight and self-control. We support and fork out our statements relatively and instantly. The business is also defined by its extensive product and company choices, broad distribution capabilities, outstanding fiscal toughness and local operations globally. Father or mother organization Chubb Confined is stated on the New York Stock Trade (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains govt workplaces in Zurich, New York, London, Paris and other destinations, and employs about 34,000 people today around the globe. Additional data can be observed at: www.chubb.com
