Health insurer Cigna has finalized the acquisition of UK based travel insurance provider FirstAssist Insurance Services from Barclays Private Equity.
FirstAssist Insurance Services and FirstAssist Legal Protection will be part of Cigna International’s Health, Life & Accident division.
Following this acquisition, Great Lakes Reinsurance (UK) and FirstAssist have renewed their arrangement under which Great Lakes will remain the fronting insurer for FirstAssist’s travel, protection and accident policies offering continuity for clients and policyholders.
As a result of the acquisition, Alistair Hardie, previously CEO of FirstAssist Insurance Services, is appointed CEO Europe Health, Life and Accident Business, Cigna International.
Cigna International CEO of Global Health Life & Accident Jason Sadler said that the deal enhances Cigna’s presence in Europe and enables them to offer an expanded range of products and services to their customers across their businesses in Europe and Asia Pacific.