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CIGNA Sells Life Agency in Taiwan To Manulife

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NU Online News Service, Dec. 13, 9:48 a.m. – CIGNA Corp., Philadelphia, has agreed to sell its Taiwanese life insurance agency business, including the agents and the policies they service, to a Taiwanese unit of Manulife Financial Corp., Toronto.

CIGNA, which has been in the Taiwanese life, accident and health insurance markets for 11 years, now serves 500,000 customers in Taiwan.

CIGNA will continue to sell insurance in Taiwain through banks and direct marketing campaigns, the company says.