SHANGHAI, Sept. 13, 2016 /PRNewswire/ -- Chubb today announced the opening of its Guangdong Branch in the heart of Guangzhou, Southern China. The new branch is licensed to provide commercial property and casualty and personal lines products and services to customers in Guangdong province. Key product offerings for Chubb in Guangdong include property, casualty, marine, construction and energy, financial lines as well as group and personal accident and health insurance products.
In addition to its China headquarters in Shanghai, Chubb has another branch office in Jiangsu. The establishment of the Guangdong Branch underscores Chubb's commitment to growing its presence in the Southern China market. The new branch opening follows the completion in January of ACE Limited's acquisition of The Chubb Corporation and the launch of the new Chubb brand globally.
Zhang Bei, Chairman, Chubb Insurance Company Limited in China, commented, "China is a strategic market for Chubb. Having a presence in Southern China is critical since the region is not only the trading and manufacturing center of the country, but also one of the fastest-growing insurance markets in China."
Kevin Bogardus, General Manager of Chubb Insurance Company Limited in China, added, "Over the past 12 years, Guangdong has been a thriving market for product and policy innovation. With our team of experienced professionals, we have local acumen backed by global expertise to serve the diverse insurance needs across a broad range of industries in this exciting region. We are delighted that businesses operating in Guangdong can now access our bespoke risk management products and solutions to help them flourish in an increasingly competitive environment."
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.
In 1994, Chubb set up its first representative office in China. A branch company was subsequently established in 2000 in Shanghai, which was converted to a wholly owned subsidiary upon the approval of the China Insurance Regulatory Commission. The company currently has three operations in Shanghai, Jiangsu and Guangdong provinces, with plans to commence operations in other regions in the near future.