LONDON, July 25, 2016 /PRNewswire/ -- Chubb Global Markets today announced the opening of a new office in Chicago and the appointment of an underwriter in its New York office, as it continues to build and expand its trade credit insurance capabilities for U.S. companies.
The new office in Chicago will enable Chubb Global Markets to strengthen its presence and client relationships across the U.S. Midwest region with a focus on the industrial sector. The office will be headed by Peter Hunter, who will serve as Vice President, Trade Credit, Chicago. Peter has more than 20 years of insurance industry experience. He joins Chubb from American International Group (AIG) where he held the position of Regional Underwriting Manager, Trade Credit, Chicago. In his new role, he will report to Fredrik Murer, Head of Americas, Political Risk and Credit for Chubb Global Markets.
Reporting to Peter at the Chicago Office will be Yoon Koh, who will serve as Senior Underwriter, Trade Credit, Chicago. Yoon joins Chubb from AIG, where she held a series of underwriting positions over the last four years, most recently as Senior Underwriter, Trade Credit, Chicago.
In addition, the company has added an underwriter to its New York team. Brennan Elio has been appointed as Assistant Vice President, Trade Credit, New York. In his new role, Brennan will focus on the development and profitable growth of Chubb's trade credit business in the U.S. East Coast region. He has more than seven years of insurance industry experience and joins Chubb from AIG where he held the position of Regional Underwriting Manager, Trade Credit, New York. He will also report to Fredrik Murer.
Julian Edwards, Political Risk and Credit for Chubb Global Markets, said:
"I am delighted that underwriters of this calibre and experience have joined our U.S. team. Chubb's expanded team will be even better placed to provide our clients in the Midwest and across the U.S. with the comprehensive trade credit solutions they need to confront today's complex global challenges. Building on Chubb's significant distribution capabilities, we will offer clients a wider range of solutions, including political risk insurance for businesses with operations abroad as well as trade receivable solutions for regional banks. I welcome our new colleagues to Chubb and very much look forward to working with them."
Chubb Global Markets is a market leader in political risk and credit insurance solutions with operations in the U.S., U.K., Brazil, Argentina, Germany, Singapore and Japan.
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: new.chubb.com.