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July 23, 2020

Chubb combines accident and health businesses in North America

By Verdict Staff

Chubb has integrated its North America Accident and Health (A&H) businesses to better address the needs of current middle market and large corporate clients and distribution partners.

Following this new development, Chubb Workplace Benefits existing president Chris Martin, has been named division president of the unified business.

He will be in charge of overall operating responsibilities for the North American A&H insurance businesses and will oversee the division’s strategy, product and business development, profit and loss performance, and underwriting operations.

Additionally, Chubb Specialty Accident and Health executive vice-president James Wallogawill remain in charge of the company’s North America Specialty Accident and Health business.

Walloga will be responsible for the continued development of this critical business segment, which offers accident and illness medical insurance related to corporate travel risk management, participant accident insurance, affinity markets, as well as leisure and scholastic travel, the company said.

Chubb Group senior vice-president and Chubb North America Major Accounts division presidentMatt Merna said: “This integration of our A&H businesses reinforces our commitment to the marketplace, where we see tremendous opportunities to further serve our partners and clients.

“This new structure will provide our distribution partners and clients with greater resources and better access to products and services that are designed to meet the unique challenges of workplace and travel risk for individuals, employees, as well as a variety of organizational entities.”

In his new role, Martin will report to Merna, with a matrixed reporting line to Chubb Group senior vice-president and Global Accident and Health businessheadJoe Vasquez.

Earlier this month, Chubblaunched Work from Home (WFH) Insurance for the Asia-Pacific region. This policy is designed to help employers offer protection to employees working from home amid the ongoing Covid-19 pandemic.

The company pledged $10m to the global pandemic relief efforts in April.

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