Chubb Integrates North America Accident and Health Businesses

Rhea-AI Summary

Chubb has announced the integration of its North America Accident and Health (A&H) businesses to enhance service delivery to middle market and large corporate clients. Effective July 22, 2020, Chris Martin has been appointed Division President of Chubb North America A&H, overseeing the division's strategy and operations. James Walloga continues to lead the North America Specialty A&H segment. This restructuring aims to provide clients and distribution partners with improved resources and access to tailored insurance products addressing workplace and travel risks.

Positive

• Strategic integration of A&H businesses to enhance service offerings.
• Appointment of Chris Martin, who brings over three decades of experience, as Division President.

Negative

• None.

Chris Martin named Division President of Chubb North America Accident and Health; James Walloga to continue overseeing North America Specialty Accident and Health

WHITEHOUSE STATION, N.J., July 22, 2020 /PRNewswire/ -- Chubb announced that it has integrated its North America Accident and Health (A&H) businesses to better address the needs of today's middle market and large corporate clients and distribution partners. Effective immediately, Chris Martin, current President of Chubb Workplace Benefits, has been named Division President of Chubb North America Accident and Health.

In this expanded role, he will have 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. 

In addition, James Walloga, Chubb's Executive Vice President of Specialty Accident and Health, will continue to lead the company's North America Specialty Accident and Health business and look to further grow 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.

"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," said Matt Merna, Senior Vice President, Chubb Group, Division President, Chubb North America Major Accounts. "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."

Mr. Martin will report to Mr. Merna, with a matrixed reporting line to Joe Vasquez, Senior Vice President, Chubb Group and head of the company's Global Accident and Health business.

"Chris brings extensive leadership and management experience, as well as a keen understanding of the needs of our distribution partners and customers," said Mr. Vasquez. "I look forward to working with him as he makes the transition into this new role and works toward further widening our footprint in this space."

Mr. Martin has more than three decades of leadership experience in the insurance space. He joined Chubb in 2011 as President of Worksite Solutions for Combined Insurance, a Chubb Company, and was promoted to President of Chubb Workplace Benefits in 2016. He holds a Masters of Management in marketing and organization behavior from the Kellogg School of Management at Northwestern University, and a Bachelor of Science degree in economics from Yale University.

Mr. Walloga has over 20 years of insurance experience. He graduated from Pace University in New York City with a Bachelor of Business Administration degree in marketing.

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 approximately 33,000 people worldwide. Additional information can be found at: chubb.com.

Chubb Insurance Company of Canada has offices in Toronto, Calgary, Montreal and Vancouver and provides its products and services through licensed insurance brokers across Canada. For additional information, visit: chubb.com/ca.

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SOURCE Chubb

FAQ

What are the key changes in Chubb's North America Accident and Health division?

Chubb has integrated its North America Accident and Health businesses and appointed Chris Martin as Division President, aiming to better serve middle market and corporate clients.

Who is overseeing Chubb's North America Specialty Accident and Health business?

James Walloga continues to oversee Chubb's North America Specialty Accident and Health business.

What is the impact of the A&H integration on Chubb's clients?

The integration is expected to provide clients with better access to resources and tailored insurance products designed for workplace and travel risks.

When was Chris Martin appointed as Division President of Chubb North America A&H?

Chris Martin was appointed Division President effective July 22, 2020.

What experience does Chris Martin bring to his new role?

Chris Martin has over 30 years of insurance leadership experience, previously serving as President of Chubb Workplace Benefits.