HONG
KONG, July 3, 2022 /PRNewswire/ --
Chubb Life today announced that Jack Chang has been
appointed President of the company's life insurance operations in
Taiwan that were recently acquired
from Cigna. Mr. Chang is currently President of Chubb Life Taiwan.
In his new role, Mr. Chang will have executive operating
responsibility for Cigna Taiwan and will lead the integration,
subject to regulatory approval, of the Chubb Life and Cigna Taiwan
insurance operations in this market. During the integration period,
Rose Huang, the current Chief
Financial Officer of Chubb Life Taiwan, will serve as President of
Chubb Life Taiwan. Upon completion of the integration, the combined
business will operate under the Chubb Life brand in Taiwan.
On July 1, Chubb, the world's
largest publicly traded property and casualty insurer, completed
its acquisition of the life and non-life insurance companies that
house the personal accident, supplemental health and life insurance
business of Cigna in six Asia-Pacific markets, including
Taiwan. The addition of this
consumer-focused business advances Chubb's strategy to expand its
presence in the Asia-Pacific region, a long-term growth
area for the company, and adds to an already sizable accident and
health (A&H) business while expanding the
company's Asia-based life insurance presence.
Mr. Chang will report to Brad
Bennett, Senior Vice President, Chubb Group and Chief Operating Officer, Chubb
Life. The appointment is effective immediately.
"Jack is an experienced industry executive with a deep
understanding of the insurance market in Taiwan," said Mr. Bennett. "That experience,
along with his proven track record as a leader and manager,
positions him well in his new role integrating the Cigna and Chubb
Life businesses and continuing to build Chubb's life insurance
presence in this important market. I look forward to working
with Jack and welcome all of our new colleagues from Cigna at this
exciting moment for our business in Taiwan and across the region."
Mr. Chang has more than 25 years of experience in the insurance
industry in Taiwan. He joined the
company in 2021 as President of Chubb Life Taiwan. Prior to joining
Chubb, he was Chief Partnership Officer at AIA Taiwan. He has also
served as General Manager at TCB Life, where he was responsible for
the general management and strategic direction of the joint venture
between TCB Holding and BNP Paribas Cardif.
About Chubb Life
Chubb Life is an international life insurer, primarily focused
on Asia, that provides protection
and savings-oriented life insurance products to individuals and
groups. Chubb Life serves the needs of consumers through a variety
of distribution channels, including primarily captive agents, but
also through banks, retailers, brokers, independent agents and
direct marketing. Chubb Life has operations in eight Asian markets
— Hong Kong, Indonesia, Korea, Myanmar, New
Zealand, Taiwan,
Thailand and Vietnam — as well as Latin America.
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 34,000 people worldwide. Additional information can
be found at: www.chubb.com
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SOURCE Chubb Life