Chubb Life Announces Gail Costa Will Lead Newly Acquired

HONG KONG, July 3, 2022 /PRNewswire/ — Chubb Life nowadays declared that Gail Costa will guide the firm’s lifestyle coverage functions in New Zealand that have been a short while ago acquired from Cigna. Ms. Costa, who is at present Chief Government Officer of Cigna Daily life New Zealand, will continue to have government operating obligation for the small business, which will work less than the Chubb Existence brand name in New Zealand.

Gail Costa will lead the lifestyle insurance policies functions in New Zealand that Chubb Everyday living lately acquired from Cigna.

On July 1, Chubb, the world’s biggest publicly traded property and casualty insurance company, done its acquisition of the daily life and non-life insurance organizations that home the personal accident, supplemental wellbeing and lifestyle insurance policies organization of Cigna in six Asia-Pacific markets, which includes New Zealand. The addition of this client-focused enterprise advancements Chubb’s approach to extend its existence in the Asia-Pacific region, a prolonged-expression growth spot for the corporation, and provides to an by now sizable accident and wellbeing (A&H) business enterprise though growing the company’s Asia-dependent existence insurance policy presence.

Ms. Costa will, in addition to the nearby Board, report to Brad Bennett, Senior Vice President, Chubb Team and Main Running Officer, Chubb Lifestyle.

“Gail is an skilled insurance coverage government who has led companies for Cigna in numerous nations around the world, like New Zealand, where by she’s been running the operation by way of a interval of expansion and change because 2018,” mentioned Mr. Bennett. “She’s a solid chief with deep know-how throughout finance, functions and advertising.  New Zealand is a new marketplace for Chubb Everyday living, and we are lucky to have Gail in this position. I seem ahead to operating with her and welcome all of our new colleagues from Cigna at this remarkable moment for our small business in New Zealand and across Asia-Pacific.”

Ms. Costa has far more than 40 several years of insurance business practical experience, including 18 a long time as an executive with Cigna. She has served as CEO of Cigna Lifestyle New Zealand since 2018, and also led the small business 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 Normal Manager Operations for Asteron.

Ms. Costa is a competent accountant and retains a bachelor’s degree in Commerce and Administration from Victoria University and a Diploma in Direct Advertising from the Institute of Immediate Internet marketing, London, U.K.

About Chubb Everyday living  

Chubb Existence is an international everyday living insurance provider, generally focused on Asia, that gives safety and personal savings-oriented existence insurance products to men and women and groups. Chubb Lifestyle serves the needs of consumers through a wide variety of distribution channels, which include largely captive brokers, but also via banking institutions, suppliers, brokers, impartial agents and direct marketing and advertising. Chubb Lifestyle has operations in eight Asian marketplaces — Hong Kong, Indonesia, Korea, Myanmar, New Zealand, Taiwan, Thailand and Vietnam — as very well as Latin The united states.

About Chubb

Chubb is the world’s major publicly traded property and casualty insurance plan firm. With operations in 54 international locations and territories, Chubb gives industrial and personalized assets and casualty insurance policies, private incident and supplemental well being insurance policies, reinsurance and existence coverage to a numerous team of customers. As an underwriting company, we assess, presume and handle threat with perception and willpower. We support and fork out our statements reasonably and immediately. The firm is also outlined by its substantial products and provider choices, broad distribution capabilities, remarkable fiscal energy and nearby operations globally. Mum or dad business Chubb Minimal is listed on the New York Inventory Exchange (NYSE: CB) and is a ingredient of the S&P 500 index. Chubb maintains govt workplaces in Zurich, New York, London, Paris and other locations, and employs somewhere around 34,000 men and women globally. Further data can be observed at: www.chubb.com

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