Insurance

OnePath put on negative credit watch following sale

Wednesday 5th of December 2018

ANZ sold OnePath to Cigna Life this month and at the same time Cigna’s parent company is proposing to acquire pharmacy benefit manager Express Scripts (ESI).

The agency says that after regulatory approvals are granted for the Cigna ESI merger, it may downgrade Cigna's insurance operating companies to 'A' from 'AA-', and subsequently OnePath from ‘A+'...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.