PHILADELPHIA, November 15, 2011 - Cigna today announced that Mr. Fernando Moreira has been appointed to the position of General Manager & CEO for Cigna & CMC Life Insurance Company Limited, effective December 1, 2011. Mr. Moreira will be responsible for the day-to-day leadership of Cigna's Health Life & Accident (HL&A) business in China. He will also work closely with Cigna's JV partner China Merchant Group to expand Cigna's presence across China. His appointment is subject to CIRC (China Insurance Regulatory Commission) approval.
Mr. Fernando Moreira appointed as the General Manager & CEO of Cigna & CMC Life Insurance Company Limited (Photo: Business Wire)
"We are very excited to have Fernando to lead our growing business in China. With his breadth of experience in the insurance industry and his extensive knowledge of the Chinese market, he will be very successful in achieving our ambitious growth strategy," said Mr. Jason Sadler, CEO of Cigna International, Global HL&A.
With over 20 years of international business experience, Mr. Moreira joins Cigna from HSBC Insurance where he served for 13 years, most recently as CEO for HSBC Insurance Brazil. Previously, Mr. Moreira held a number of senior roles in HSBC, including a two year assignment to Ping An Insurance Shanghai. Prior to HSBC, Mr. Moreira held a variety of management positions in Brazil and the U.S.
Mr. Moreira earned his engineering degrees from Escola Politectnica da USP in Sao Paulo, Brazil, and Manufacturing Systems Engineering in the National Technological University, Minneapolis, Minnesota.
"We are privileged to have Fernando joining the team that is leading our rapidly expanding business in Asia. His strong leadership will build upon our excellent relationship with our joint venture partner CMC, and take our business to the next exciting stage of development," said Mr. Jason Sadler, CEO of Cigna International, Global HL&A.
Cigna (NYSE: CI) is a global health service and financial company dedicated to helping people improve their health, well-being and sense of security. Cigna Corporation's operating subsidiaries in the United States provide an integrated suite of health services, such as medical, dental, behavioral health, pharmacy and vision care benefits, as well as group life, accident and disability insurance. Cigna maintains sales capability in 30 countries and jurisdictions and has approximately 66 million customer relationships throughout the world. All products and services are provided exclusively by such operating subsidiaries and not by Cigna Corporation. Such operating subsidiaries include Life Insurance Company of North America, Cigna Life Insurance Company of New York, and Connecticut General Life Insurance Company. To learn more about Cigna, visit www.cigna.com. To sign up for email alerts or an RSS feed of company news, log on to http://www.cigna.com/newsroom/rss. Also, follow us on Twitter at @cigna, visit Cigna's YouTube channel at http://www.youtube.com/cigna and listen to Cigna's podcast series with healthy tips and information at http://www.cigna.com/podcasts or by searching "CIGNA" in iTunes.
About Cigna & CMC Life Insurance Company Limited
Cigna & CMC Life Insurance Co., Ltd. ("Cigna & CMC") was established by Cigna Corporation and China Merchants Group in 2003. Founded in 1792, Cigna Corporation is one of the largest insurance companies in the US. As early as 1897, a Cigna predecessor company was the first American insurance company operated in China granted by the Qing Dynasty Government. Cigna Corporation is a Fortune Global 500 company. China Merchants Group ("CMG"), founded in 1872, is one of the earliest enterprises in Chinese enterprise modernization process in recent China history. Cigna & CMC was awarded Best Foreign Life Insurance Company Award in China for two consecutive years in 2008 and 2009 by China Financial Times and Institute of Finance and Banking of Chinese Academy of Social Science. Cigna & CMC topped in the overall competency ranking among all joint venture life insurers in China in the 2010 Asia Insurance Competency Ranking Research Report conducted by California State University, Fullerton (CSUF) and 21th Century Business Herald. For more information about Cigna & CMC, please visit www.cigna-cmc.com.