Chubb Launches Commercial Division for SMEs in Asia Pacific

Chubb announced it has formed a division in Asia Pacific dedicated to the risk management needs of small- and medium-sized enterprises (SMEs).

This new business division, which is named the Small Commercial Division, focuses solely “on delivering a sustainable value proposition to SMEs through innovative products, tailored distribution strategies and convenient sales platforms,” said Chubb in a statement.

Three new appointments have been made for the division:

• Michael Cellura, head of Small Commercial Division, Asia Pacific. Cellura has been with Chubb for more than 10 years and has a wealth of international underwriting and business development experience. He was previously at Chubb in Japan leading the property & casualty business for four years. Cellura is now tasked with bringing to bear the full capabilities of Chubb’s product innovation and channel expertise in agency, bancassurance, broker and digital channels, to serve the needs of small commercial businesses.

• Kieran Brennan, head of Product Development, Small Commercial Division, Asia. Brennan will focus on product design as well as the development of processes and service for SMEs. An underwriter since he began his career in the UK more than 20 years ago, he was previously with AIG as its Asia Pacific chief underwriting officer for the SME Division.

• Rob Cameron, head of Actuarial, Small Commercial Division, Asia Pacific. Cameron has deep actuarial experience having worked at Chubb for more than 15 years, first as an actuarial services manager for Australia and New Zealand and later, as the regional property & casualty actuary. In his new role, he will further develop new actuarial models specifically for SMEs to ensure Chubb’s value proposition is customized for this market segment.

“The SMEs’ demands for risk management are rapidly evolving as they continue to play an expanding role in the local economies across the region,” said Jason Keen, Chubb’s regional head of Property & Casualty.

“I’m confident that Michael, Kieran and Rob, in collaboration with the local SME teams in each country, will be able to tap the many opportunities to grow this exciting new division together with our existing clients and distribution partners,” he added.

Source: Chubb

Topics Commercial Lines Business Insurance New Markets Property Casualty Chubb