Cigna sells international assets to Chubb for $5B

Cigna completed a $5.36 billion sale of its life, accident and supplemental benefits businesses in six countries to Chubb, the insurance company announced Friday.

Cigna agreed to divest its accident, health and life business in Hong Kong, Indonesia, New Zealand, South Korea, Taiwan and Thailand in October. These assets will boost Chubb’s premium revenues by $3 billion, the property and casualty, accident and health, reinsurance, and life…