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CIGNA to Add U.K. Travel Insurance Business

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CIGNA Corp. has agreed to acquire FirstAssist Insurance Services Ltd. from the private equity arm of Barclays P.L.C.

CIGNA, Philadelphia (NYSE:CI), is making the deal because it sees strong growth in demand for travel and travel insurance in the European and Asian markets, the company says.

FirstAssist, London, has about 3 million policyholders in the United Kingdom and about 480 employees.