Chubb appoints Jerry Ng as Singapore’s Division Head of Bancassurance

SINGAPORE -�Media OutReach - 30 September 2019 – Chubb today announced the appointment of Jerry Ng as Division Head of Bancassurance for Singapore, with
immediate effect. He will report to Scott Simpson, Chubb’s Country President
for Singapore.

In Mr. Ng’s new role, he will drive the strategy, development and growth
of Chubb Singapore’s bancassurance distribution channel, including the partnership
with DBS.

Mr. Ng is a seasoned financial services professional with close to 30
years of sales and marketing experience. As a bancassurance specialist, he has held
several senior roles across various lines of business and key partnership distribution
channels. Prior to joining Chubb, he was the Senior Vice President and Lead,
Regional Bancassurance at a local insurance company in Singapore.

On Mr. Ng’s appointment, Mr. Simpson said, “Jerry’s experience across
various distribution channels, wide network of contacts and keen insights of
the local industry, make him an ideal fit for the role. With his strong
understanding of the bancassurance business model, I am confident he will lead
our growth and development in this space and build our position as the partner
of choice.”

About Chubb in Singapore

Chubb is the world’s largest publicly traded property and casualty
insurer. Chubb Insurance Singapore Limited, via acquisitions by its predecessor
companies, has been present in Singapore since 1948. Chubb in Singapore
provides underwriting and risk management expertise for all major classes of
general insurance. The company’s product offerings include Financial Lines,
Casualty, Property, Marine, Industry Practices as well as Group insurance
solutions for large corporates, multinationals, small and medium-sized
businesses. In addition, to meet the evolving needs of consumers, it also
offers a suite of tailored Accident & Health and Personal & Specialty
insurance options through a multitude of distribution channels including
bancassurance, independent distribution partners and affinity partnerships.

Over the years, Chubb in Singapore has established strong client
relationships by delivering 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.