NU Online News Service, Dec. 11, 2:10 p.m. – CIGNA International, a unit of CIGNA Corp., Philadelphia, has signed an agreement with SDZ, an affiliate of China Merchants Group, to form CIGNA & CMC Life Insurance Company Limited, a joint venture that will begin operations in Shenzhen in 2003.
The joint venture will market its products through China Merchants Bank, CIGNA says.