Chubb signed a definitive agreement to take over the life and non-life insurance companies of Cigna to expand its presence in the Asia-Pacific region. CB has always considered acquisitions an effective strategy for growth and global expansion. Acquisitions provide CB with a competitive edge in terms of scale, efficiencies and the balance-sheet size, which will unlock considerable value in the future. Brown & Brown, Arthur J. Gallagher & Co. and Chubb gained 42.8%, 40.2% and 13.7%, respectively, in the same space.