Wednesday 12, July 2017 by Nabilah Annuar

Zurich remains committed to the Middle East

Zurich continues to focus on life insurance and commercial insurance following sale of Zurich Insurance Middle East to Cigna.

On 19 June 2017, Zurich completed the sale of its Middle East general insurance entity for retail and small business customers, Zurich Insurance Middle East, to Cigna, a global health services insurer.
 
All the terms and conditions of existing policies are safeguarded and existing customer commitments will continue to remain a priority. Zurich and Cigna are 100 per cent committed to existing customers of Zurich’s general insurance business and working together to ensure that all obligations will be honoured.

All existing customers will continue to be serviced via the third party administrator Cunningham Lindsey. Cunningham Lindsey was chosen as they are one of the largest loss adjusting and claims management companies in the world. They offer a unique blend of stability, innovation and technical ability across a variety of disciplines including but not limited to claims handling on a global basis.
 
The sale follows on from Zurich’s decision to close its general insurance business in the Middle East to new retail and small business customers announced at the end of November, 2015. Zurich will continue to focus on life insurance and commercial insurance business in the region where we see attractive opportunities in the future.

Features & Analyses