Chubb, the world's largest publicly traded property and casualty insurance company with operations in 54 countries, has announced the establishment of a new commercial division for its Singapore operations dedicated to personal lines insurance. This new division comprises personal risk services (PRS), which targets coverage for valuables, residential insurance and specialty protection, such as identity and wallet protection. Two key appointments have been made for the personal lines division:
Bernard Tan as division head of personal lines. He has been with Chubb for more than 10 years. He first joined Chubb as a financial lines underwriter and most recently was responsible for the management and expansion of Chubb's high net worth insurance. In his new role, Tan will manage and drive the strategic growth of Chubb's personal lines portfolio across multiple distribution channels. He will report to Adam Clifford, country president for Chubb in Singapore.
Regina Baxter, manager of PRS and regional fine arts specialist. She joined Chubb in 2011 as an underwriter and in 2016 was appointed the region's fine arts specialist because of her unique ability to combine underwriting with knowledge in fine arts. In her new role, she will be responsible for the management and profitability of the PRS portfolio, including all underwriting and market-facing functions. Baxter will report to Tan.
Edward Ler, Chubb's regional head of personal lines, said: "The Asia-Pacific is a region of significant growth potential for personal lines insurance given the rising middle class and growing affluence especially in Singapore. We have deep expertise in crafting personal lines insurance, especially our niche strength in art insurance. Bernard and Regina, with their strong client management skills and business acumen are well poised to lead the charge for the new personal lines division."
Said Clifford: "Our personal lines business has undergone rapid expansion and growth this past year and we see significant potential for Chubb in this space. We are committed to our promise of underwriting as well as service excellence and I am confident that with talented leaders like Bernard and Regina, Chubb will be able to tap on the many opportunities available and bring our personal lines business to the next stage of strategic growth."