OnePath Sale Update


OnePath has provided a brief update on the progress of its sale to Cigna New Zealand.

OnePath Senior Manager Adviser Distribution, Christine Laverty, said OnePath recently held a small series of adviser feedback sessions with Cigna CEO, Gail Costa, and a few of her key management team and that they will be seeking more feedback from advisers in the future.

She added that Cigna is looking to diversify their distribution network and is committed to investing and growing their Adviser channel.

Laverty added they are aiming to making the transition as easy as possible for advisers and their clients.

She said they will release a number of FAQs well before the change of ownership takes place.

“We’ll also be contacting your clients closer to the time of the sale being completed, to advise them of the change in ownership of OnePath to Cigna NZ and that OnePath remains the underwriter of their policies,” she said in the adviser update, noting that advisers will receive a copy of any client communications before their clients receive them.

“We’ll also reassure them that, while the ownership of their insurer is changing – there will be no change to the terms and conditions of their policy as a result of the sale,” she said.