Chubb expands Transactional Risk Insurance capabilities in Asia Pacific

Insurer responds to increasing demand for insurance coverage to help facilitate transactions in the region

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SINGAPORE
- Media OutReach - 17 September 2019 – Chubb
today announced the expansion of its transactional risk capabilities in Asia
Pacific with the appointment of two specialist underwriters:

Tressie
Norton, previously Senior Underwriter,
Transactional Risk with Chubb in the UK and Ireland, relocated to Singapore in
April 2019. Ms. Norton will service all Asia-based transactional risk submissions,
collaborating with Chubb’s local financial lines teams across the region.

 

Scott Butcher, previously Senior Underwriter, Financial
Lines within Chubb’s Major Accounts Division in Australia, has been appointed
to the position of Underwriter, Transactional Risk. Scott will service all
transactional risk submissions in Australia and New Zealand.

 

Chubb’s expansion
of transactional risk capabilities comes in response to increasing demand for
risk coverage in the Asia Pacific region to help facilitate corporate
transactions. In 2018, M&A activity in Asia Pacific, excluding Japan, recorded
a combined deal total of US$717.4 billion, a 2.6 per cent increase in deal
value than in 2017.[1]  

 

With primary capabilities in Australia,
Hong Kong SAR, Korea, New Zealand and Singapore, Warranties and Indemnities
(W&I) Insurance will lie at the heart of Chubb’s transactional risk
proposition to help parties manage inherent risks in a transaction.

 

“With
extensive experience as underwriters and legal practitioners, Tressie and Scott
will provide a deep understanding of how transactional risk coverage can help
participants in a transaction resolve challenging negotiations and execute the
deal,” said Grant Cairns, Head of Financial Lines for Chubb Asia Pacific.

 

“Chubb will serve the needs of both buyers and
sellers through distinct W&I policy offerings tailored to the specific
needs of each policyholder,” added Mr.
Cairns.

About Chubb

Chubb is
the world’s largest publicly traded property and casualty insurance company.
With operations in 54 countries and territories, 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, Paris and other locations, and employs more than 30,000
people worldwide. Additional information can be found at: chubb.com