M&A Deal Summary

Cigna Acquires Zurich Insurance Middle East SAL

On July 11, 2017, Cigna acquired insurance company Zurich Insurance Middle East SAL

Acquisition Highlights
  • This is Cigna’s 6th transaction in the Insurance sector.
  • This is Cigna’s 1st transaction in Lebanon.

M&A Deal Summary

Date 2017-07-11
Target Zurich Insurance Middle East SAL
Sector Insurance
Buyer(s) Cigna
Deal Type Add-on Acquisition

Target

Zurich Insurance Middle East SAL

Beirut, Lebanon
Zurich Insurance Middle East SAL is a provider of both health and wellness insurance services to individuals, employers and government entities across the Middle East. Zurich Insurance Middle East is based in Beirut, Lebanon.

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Buyer(S) 1

Buyer

Cigna

Bloomfield, Connecticut, United States

Category Company
Founded 1792
Sector Healthcare Services
Employees70,325
Revenue 195.2B USD (2023)
DESCRIPTION
Cigna office in Pittsburgh, Pennsylvania.
Cigna office in Pittsburgh, Pennsylvania.

Cigna is a health services organization. Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance. Cigna dates back to 1792 and is based in Bloomfield, Connecticut.


DEAL STATS #
Overall 12 of 14
Sector (Insurance) 6 of 6
Type (Add-on Acquisition) 9 of 11
Country (Lebanon) 1 of 1
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-26 QualCare Alliance Networks

New Jersey, United States

QualCare, Inc., provider-sponsored, managed care company; Qual-Lynx, a workers’ compensation managed care provider and multi-state third party administrator for property, casualty and workers’ compensation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Brighter

Santa Monica, California, United States

Brighter, Inc. is a provider of an innovative SaaS digital health plan platform and engagement services to leading health services organizations helping them deliver best-in-class products to their customers and greater opportunities for their participating providers.

Buy -