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Khoury at launch of Global Cigna Insurance Company operations in Lebanon: Positive developments reinforce Lebanese economy

Published on: 11/07/2017

NNA - Minister of Economy and Trade, Raed Khoury, on Wednesday said that the positive political developments in the country reinforce the resilience of the national economy in the face of regional challenges.

"Such solidity has been and remains to be a main characteristic of the Lebanese economy," Minister Khoury said at the launch of the operations of the Global Health Insurance Company, Cigna, in the Lebanese markets, at a ceremony held by the Company at the Four Seasons Hotel in Beirut.

The launch ceremony was attended by Minister Khoury, US Ambassador to Lebanon, Elizabeth Richard, President of Cigna International Markets, Jason Sadler, Cigna CEO for MENA Region, Global International Private Medical Insurance (GIPMI) and Global Government Segment, Howard Gough, and scores of economic and medical insurance magnates.

In his address, Khoury said that the government was adamant to define Lebanon's economic role and to launch vital projects to stimulate growth and create job opportunities, saying "one of our priorities is to stimulate foreign investments in the various economic spheres, notably the financial one."

"We look forward to the investment launched by Cigna as an added value to the local economy and to the insurance sector in particular," he remarked.

Khoury also disclosed the presence of a promising plan for the insurance sector in Lebanon.

Ambassador Richard, for her part, highlighted the longstanding partnership between the United States and Lebanon, pointing out that trade between Lebanon and America has exceeded $1 billion a year."

"The United States looks forward to creating new job opportunities and sustainable development in Lebanon," Ambassador Richard said, expressing pride in the American Company, Cigna, and voicing confidence in the Lebanese business market.

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