Country for PR: United States
Contributor: PR Newswire New York
Monday, July 04 2022 - 05:24
Chubb Life Announces Gail Costa Will Lead Newly Acquired Life Insurance Operations of Cigna in New Zealand
HONG KONG, July 4, 2022 /PRNewswire-AsiaNet/ --

Chubb Life today announced that Gail Costa will lead the company's life 
insurance operations in New Zealand that were recently acquired from Cigna. Ms. 
Costa, who is currently Chief Executive Officer of Cigna Life New Zealand, will 
continue to have executive operating responsibility for the business, which 
will operate under the Chubb Life brand in New Zealand.

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On July 1, Chubb, the world's largest publicly traded property and casualty 
insurer, completed its acquisition of the life and non-life insurance companies 
that house the personal accident, supplemental health and life insurance 
business of Cigna in six Asia-Pacific markets, including New Zealand. The 
addition of this consumer-focused business advances Chubb's strategy to expand 
its presence in the Asia-Pacific region, a long-term growth area for the 
company, and adds to an already sizable accident and health (A&H) business 
while expanding the company's Asia-based life insurance presence.

Ms. Costa will, in addition to the local Board, report to Brad Bennett, Senior 
Vice President, Chubb Group and Chief Operating Officer, Chubb Life.

"Gail is an experienced insurance executive who has led businesses for Cigna in 
multiple countries, including New Zealand, where she's been managing the 
operation through a period of growth and change since 2018," said Mr. Bennett. 
"She's a strong leader with deep expertise across finance, operations and 
marketing.  New Zealand is a new market for Chubb Life, and we're fortunate to 
have Gail in this position. I look forward to working with her and welcome all 
of our new colleagues from Cigna at this exciting moment for our business in 
New Zealand and across Asia-Pacific."       

Ms. Costa has more than 40 years of insurance industry experience, including 18 
years as an executive with Cigna. She has served as CEO of Cigna Life New 
Zealand since 2018, and also led the business from 2003 to 2013.  Ms. Costa 
also held CEO positions for Cigna in Turkey, Hong Kong and Europe.  Prior to 
joining Cigna, Ms. Costa was the General Manager Operations for Asteron.

Ms. Costa is a qualified accountant and holds a bachelor's degree in Commerce 
and Administration from Victoria University and a Diploma in Direct Marketing 
from the Institute of Direct Marketing, London, U.K.

About Chubb Life  

Chubb Life is an international life insurer, primarily focused on Asia, that 
provides protection and savings-oriented life insurance products to individuals 
and groups. Chubb Life serves the needs of consumers through a variety of 
distribution channels, including primarily captive agents, but also through 
banks, retailers, brokers, independent agents and direct marketing. Chubb Life 
has operations in eight Asian markets — Hong Kong, Indonesia, Korea, Myanmar, 
New Zealand, Taiwan, Thailand and Vietnam — as well as Latin America.

About Chubb

Chubb is the world's largest publicly traded property and casualty insurance 
company. With operations in 54 countries and territories, Chubb provides 
commercial and personal property and casualty insurance, personal accident and 
supplemental health insurance, reinsurance and life insurance to a diverse 
group of clients. As an underwriting company, we assess, assume and manage risk 
with insight and discipline. We service and pay our claims fairly and promptly. 
The company is also defined by its extensive product and service offerings, 
broad distribution capabilities, exceptional financial strength and local 
operations globally. Parent company Chubb Limited is listed on the New York 
Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb 
maintains executive offices in Zurich, New York, London, Paris and other 
locations, and employs approximately 34,000 people worldwide. Additional 
information can be found at:

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SOURCE  Chubb Life

CONTACT: Marion Lee (852) 9660-8061,, Jeffrey Zack (212)