{"id":148052,"date":"2021-10-12T10:57:46","date_gmt":"2021-10-12T02:57:46","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=148052"},"modified":"2021-10-12T10:57:46","modified_gmt":"2021-10-12T02:57:46","slug":"am-best-places-credit-ratings-of-cigna-life-insurance-new-zealand-limited-under-review-with-positive-implications","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=148052","title":{"rendered":"AM Best Places Credit Ratings of Cigna Life Insurance New Zealand Limited Under Review With Positive Implications"},"content":{"rendered":"\n<p><strong>SINGAPORE, Oct 12 (Bernama-BUSINESS WIRE) &#8212;&nbsp;<\/strong><strong>AM Best&nbsp;<\/strong>has placed under review with positive implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \u201ca\u201d (Excellent) of Cigna Life Insurance New Zealand Limited (CLINZ) (New Zealand).<\/p>\n\n\n\n<p>These Credit Rating (rating) actions follow the announcement on 7 October 2021, that Cigna Corporation [NYSE:CI], CLINZ\u2019s ultimate parent, has entered into a definitive agreement to sell its life, accident and supplemental benefits businesses in seven countries, including CLINZ, to Chubb Limited (Chubb group) [NYSE:CB] for USD 5.75 billion. The transaction, which is subject to required regulatory approvals and customary closing conditions, is expected to be completed in 2022. <\/p>\n\n\n\n<p><a href=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=41244\">http:\/\/mrem.bernama.com\/viewsm.php?idm=41244<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, Oct 12 (Bernama-BUSINESS WIRE) &#8212;&nbsp;AM Best&nbsp;has placed under review with positive implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \u201ca\u201d (Excellent) of Cigna Life Insurance New Zealand Limited (CLINZ) (New Zealand). These Credit Rating (rating) actions follow the announcement on 7 October 2021, that Cigna Corporation [NYSE:CI], [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[315],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/148052"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=148052"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/148052\/revisions"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=148052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=148052"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=148052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}