Chubb Launches North America Small Commercial Insurance Division

By a News Reporter-Staff News Editor at Insurance Weekly News -- Chubb announced the launch of its Small Commercial Insurance division for North America.

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The division brings together a team of product and service professionals to provide a broad range of management and professional liability and standard insurance coverages for small businesses with annual revenues up to $10 million. Chubb Small Commercial Insurance, which already has a robust offering of financial lines solutions, will release innovative insurance products, including an enhanced business owner policy (BOP) and supporting umbrella in the U.S. later in 2016, to serve independent agents and brokers and their small business clients.

As previously announced, Jim Williamson is President of the new division and will report to Paul J. Krump, President, North American Commercial and Personal Lines. Prior to ACE's acquisition of Chubb in January 2016, Mr. Williamson was Division President of ACE Private Risk Services.

"The depth of small commercial experience encompassed by our new leadership team combined with the capabilities that Chubb can bring to the small commercial market is a powerful proposition," said Mr. Williamson. "Under this team's guidance, the Small Commercial Insurance division will deliver superior risk solutions for smaller businesses through our extensive network of independent agents and brokers."

Keywords for this news article include: Chubb, Insurance.

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