SINGAPORE - Media OutReach - 22 January 2018 - Chubb announced today the establishment of a new commercial division for its Singapore operations dedicated to Personal Lines insurance. This new division comprises the following lines of business: Personal Risk Services (PRS) which targets coverage for valuables, Residential insurance and Specialty protection such as identity and wallet protection. Two key appointments have been made for the Personal Lines Division:
Bernard Tan, Division Head of Personal Lines. Mr. Tan has been with Chubb for more than 10 years. He first joined Chubb as a Financial Lines Underwriter and most recently, was responsible for the management and expansion of Chubb's High Net Worth insurance. In his new role, Mr. Tan will manage and drive the strategic growth of Chubb's Personal Lines portfolio across multiple distribution channels. He will report to Adam Clifford, Country President for Chubb in Singapore.
Regina Baxter, Manager of PRS and Regional Fine Arts Specialist. Ms. Baxter joined Chubb in 2011 as an underwriter and in 2016, was appointed as the region's Fine Arts Specialist because of her unique ability to combine underwriting with knowledge in fine arts. In her new role, she will be responsible for the management and profitability of the PRS portfolio, including all underwriting and market-facing functions. Ms. Baxter will report to Mr. Tan.
Edward Ler, Chubb's Regional Head of Personal Lines, said "The Asia Pacific is a region of significant growth potential for personal lines insurance given the rising middle class and growing affluence especially in Singapore. We have deep expertise in crafting personal lines insurance, especially our niche strength in art insurance. Bernard and Regina, with their strong client management skills and business acumen are well poised to lead the charge for the new Personal Lines Division."
"Our Personal Lines business has undergone rapid expansion and growth this past year and we see significant potential for Chubb in this space," Mr. Clifford added. "We are committed to our promise of underwriting as well as service excellence and I am confident that with talented leadership like Bernard and Regina, Chubb will be able to tap on the many opportunities available and bring our Personal Lines Business to the next stage of strategic growth."
About Chubb in Singapore
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.
Chubb Insurance Singapore Limited, via acquisitions by its predecessor companies, has been present in Singapore since 1948. Chubb in Singapore provides risk management and underwriting expertise for all major classes of general insurance, including Property & Casualty, Marine, Liability, Financial Lines and Group Personal Accident insurance. As one of the leading providers of Accident & Health insurance through direct marketing, the company partners with financial institutions and other companies to tailor individual policies for their clients and employees. In addition, it offers a suite of customised Personal & Specialty insurance solutions to meet the needs of consumers.
Over the years, Chubb in Singapore has established strong client relationships by offering responsive service, developing innovative products and providing market leadership built on financial strength. The company has been assigned a financial strength rating of AA-/Stable and the highest ASEAN credit rating of axAAA by Standard & Poor's.
More information can be found at www.chubb.com/sg
source: Chubb
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