WHITEHOUSE STATION, N.J.,
July 19, 2017 /CNW/ -- Chubb has
launched a multi-line industry practice within its Major Accounts
division, dedicated to providing innovative insurance products,
industry-leading service and risk management solutions for
best-in-class large risk transportation clients in the United States and Canada.
Chubb's Transportation Industry practice provides a broad range
of coverages and services to transportation companies with fleets
in excess of 500 power units that are willing to utilize large
retentions/deductibles. This includes truckers, bus operators,
waste haulers, rental car companies, and airlines, as well as
manufacturers and distributors with large vehicle fleets.
The formalization of this practice, with its experienced
leadership and broad portfolio of product and service offerings,
will help these types of organizations to take a more holistic
approach in managing exposures that pose a significant threat to
their businesses.
"Large transportation companies are becoming more susceptible to
a range of risks, including extensive auto, technology, and supply
chain liabilities, in addition to the regulatory and compliance
exposures involved in the use of independent contractors," said
Chris Maleno, Senior Vice President,
Chubb Group, Division President,
North America Major Accounts. "This new practice reinforces Chubb's
commitment to ensuring that brokers and risk managers in this
industry continue to have access to a range of core coverages,
including primary and excess casualty, as well as more specialized
coverages, such as environmental, surety and cyber."
Leading the practice is David
Brown, who has been appointed Executive Vice President,
Transportation Industry Practice, Major Accounts Division. Mr.
Brown will manage a team of dedicated underwriters with deep
industry knowledge and insurance expertise across multiple lines of
business. He will be based in New
York and report to Matt
Merna, Chief Operating Officer, North America Major Accounts
Division.
"Chubb's commitment to helping our clients manage their specific
coverage needs, coupled with our disciplined approach to
underwriting and use of industry-leading technologies, such as our
web-based solution, Chubb AcceleratorSM, used to assist
clients in documenting coverage elections, enables us to provide
the very best experience for customers and their brokers," said Mr.
Merna. "The formal establishment of this practice further
supplements our commitment to expanding focus on industries that
can benefit from more customized risk management solutions."
Mr. Brown brings more than 28 years of underwriting and
management experience in the large risk transportation segment to
this new role. He most recently served as Senior Vice President and
Transportation Practice Leader for Chubb's Global Casualty business
unit, which he will continue to oversee as part of his expanded
responsibilities. Mr. Brown joined ACE Group in 1999 as a
casualty underwriter and was instrumental in formulating the
transportation industry strategy that has been in place since 2000.
In addition, Mr. Brown has held various management positions at
Chubb, including, casualty underwriting manager in the New York Branch.
Mr. Brown received a Master of Business Administration degree
with concentration in Finance, and a Bachelor of Science degree in
Actuarial Science from St. Johns
University.
For additional information about Chubb's offerings for the
transportation industry, please click here.
About Chubb's Industry Practices
The
Transportation Industry Practice is one of several Chubb
industry-specific practices, including Broadcasters, Clean Tech,
Construction, Educational Institutions, Energy, Entertainment,
Financial Institutions, Government Contractors, Healthcare, Law
Firms, Information & Network Technology, Life Sciences,
Manufacturing, Museum & Cultural Institutions, Non-Profits,
Private Equity, Real Estate and Hospitality, and Wineries.
About Chubb
Chubb is the world's largest
publicly traded property and casualty insurance company. With
operations in 54 countries, 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 and other
locations, and employs approximately 31,000 people worldwide.
Additional information can be found at www.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.
All products may not be available in all states. Surplus
lines products are available only through licensed surplus lines
producers. Coverage is subject to the language of the policies as
actually issued.
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SOURCE Chubb