Chubb Life has confirmed Gail Costa (pictured) will lead the company’s life insurance operations in New Zealand.
Costa, who is currently CEO of Cigna Life NZ, will continue to have executive operating responsibility for the business, which will operate under the Chubb Life brand in New Zealand.
On 1 July 2022, Chubb completed its acquisition of the life and non-life insurance companies that house the personal accident, supplemental health and life insurance business of Cigna in six Asia-Pacific markets, including New Zealand.
The addition of the business advances Chubb’s strategy to expand its presence in the Asia-Pacific region.
Costa will, in addition to the local Board, report to Brad Bennett, Senior Vice President, Chubb Group and Chief Operating Officer, Chubb Life.
Bennett says: “Gail is an experienced insurance executive who has led businesses for Cigna in multiple countries.
“She’s a strong leader with deep expertise across finance, operations and marketing. New Zealand is a new market for Chubb Life, and we’re fortunate to have Gail in this position.”
Costa has more than 40 years of insurance industry experience, including 18 years as an executive with Cigna.
She has served as CEO of Cigna Life New Zealand, and also led the business from 2003 to 2013. Costa also held CEO positions for Cigna in Turkey, Hong Kong and Europe. Prior to joining Cigna she was the General Manager Operations for Asteron.
Costa is a qualified accountant and holds a bachelor’s degree in Commerce and Administration from Victoria University and a Diploma in Direct Marketing from the Institute of Direct Marketing, London, UK.
See our report: Chubb Completes Cigna Acquisition