Cigna targets UK with FirstAssist purchase

FirstAssist has nearly 3 million policy holders in the UK and was previously owned by Barclays Private Equity. The £71m deal is pending regulatory approval but is expected to be completed by the end of the year. Cigna said the acquisition would add a new product line to its global portfolio and enable the company to expand its individual business in the UK and around the world. It also cited rising travel trends that offered opportunities in providing customers' protection against unexpected medical and other travel-related emergencies. The deal combines FirstAssist's products, ...