- In July 2022, Chubb completed the acquisition of the life and non-life insurance companies that house the personal accident, supplemental health, and life insurance business of Cigna in several Asian markets. Chubb paid approximately USD 5.4 billion in cash for the operations, which include Cigna's accident and health (A&H) and life business in Korea, Taiwan, New Zealand, Thailand, Hong Kong, and Indonesia, collectively referred to as Cigna's business in Asia. This complementary strategic acquisition expands our presence and advances our long-term growth opportunity in Asia. Effective July 1, 2022, the results of operations of this acquired business are reported primarily in our Life Insurance segment and, to a lesser extent, our Overseas General Insurance segment
- In July 2023, American International Group, Inc. (NYSE: AIG) announced the successful closure of its definitive agreement with funds managed by Stone Point Capital LLC (Stone Point) to form an independent Managing General Agency (MGA) specializing in the High Net Worth and Ultra High Net Worth markets called Private Client Select Insurance Services (PCS)
- In July 2021, AXA Partners USA S.A announced that they signed an agreement with Club Med to offer an insurance policy designed to cover the unforeseen events that travellers may encounter before, during, or after their trip, including COVID-19. The Serenity Protection Plan insurance policy includes coverage for contamination by COVID, whereby the insurance policy can reimburse the stay and transportation. Also, the policy will provide coverage for events such as a “missed flight,” baggage insurance, and compensation in case of interruption of their stay. Thus, the company will provide its customer with a policy that will allow them to enjoy their vacations while feeling secure and at ease
- In May 2021, The Hartford announced participating in the 2021 Virtual Wells Fargo Financial Services Investor Conference. The company’s Chairman and CEO Christopher Swift, and Chief Financial Officer, Beth Costello will participate in a fireside chat and speak on financial services. This will help the company to be recognized on the global platform and improve its brand image
- In July 2021, American Express Company announced that its U.S. Platinum and Business Platinum Card Members would have access to even more airport lounges and premium amenities when they travel. This member will be provided with world-class travel and lifestyle services and access to exclusive travel programs, benefits, and offerings. With this, the company is baking its cardmember to start their return to travel
