Insurer Chubb to acquire Cigna's business in Asia, Turkey for $5.8b

Insurer Chubb to acquire Cigna's business in Asia, Turkey for $5.8b

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U.S. insurer Chubb Ltd has agreed to buy health insurer Cigna Corp’s life, accident, and supplemental benefits businesses in the Asia Pacific and Turkey for $5.75 billion in cash, both insurers said, marking the latest consolidation in Asia’s insurance sector.