Chubb, a leading publicly traded property and casualty insurance company, has announced its expansion of marine insurance business in the Philippines and Malaysia, according to a statement carried by Media Outreach on April 3.
This expansion will increase its marine insurance footprint to 10 markets in Asia, which includes Singapore, China, Indonesia, Korea, Thailand, Taiwan, Vietnam, Hong Kong, Japan, Malaysia, and the Philippines.
In the Philippines, Chubb is rolling out a full suite of insurance products and services, led by Jeanette Cebeda, Property and Casualty Technical Lines Marine and Surety Underwriter. Meanwhile, in Malaysia, Chubb has appointed Owen Poh as Head of Marine to further grow its marine business.
Chubb’s underwriting strategy focuses on four main pillars, namely cargo, logistics, marine hull, and fine art product and service offerings. The suite of products in Asia includes localized fine art products for private and corporate collectors, multimodal freight liability insurance for transport operators, shipment insurance for parcel and express freight, relocation insurance for individuals and their possessions, and Cargo Plus insurance for importers and exporters.
This news was first published in InsuranceNewsAsia.com