Oct. 12 (Bloomberg) -- Cigna Corp., the world’s largest provider of employer-purchased medical insurance for expatriates, is “perpetually” looking at acquiring companies and has the capability to make purchases of more than $1 billion, chief executive David Cordani said.

Cigna’s capital position and profit growth of 19 percent a year allow the company to be “opportunistic with acquisitions,” Cordani said at a meeting with reporters in Istanbul today. The company received a license to operate in Turkey in August.

--Editor: Mark Bentley

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net