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Cigna Corp And SAICO Announce Joint Venture Agreement

Tuesday, 11 Dec 2012 08:00am EST 

Cigna Corp and Saudi Arabian Insurance Company B.S.C (C) (SAICO) announced that they signed a joint-venture agreement to enhance their current partnership in developing their portfolio of health, wellness and insurance products targeted to regional and multi-national employers and organizations across the Middle East, expanding the 11-year business relationship between these two companies. Cigna and SAICO each will own half of the joint venture partnership. The JV partnership is committed to continuing to invest, growing further its product offerings and service capabilities in the Middle East and gaining market share in this geography. The joint venture is subject to regulatory approvals and other conditions. Once the formalities are finalized, the joint venture will announce its official name, headquarters, and other pertinent details. 

Company Quote

0.72 +0.77%
27 Aug 2014