Shanghai, 18 May 2017 – Chubb announced today the official opening of its Beijing branch office. In addition to Chubb’s head office in Shanghai, this is the company’s third branch office in China and the second opening in the last year. Chubb’s other branch offices are in Jiangsu and Guangdong provinces. Chubb’s growing network of offices demonstrates the company’s commitment to strengthen its presence in China’s tier-one cities i.e., Beijing, Shanghai and Guangzhou.
The new branch is licensed to provide both commercial and consumer property and casualty (P&C) products and services to customers in Beijing. The key products offered include commercial property, casualty, marine, construction, energy and financial lines, as well as group personal accident and health insurance products for commercial customers, and personal accident and home contents insurance for individuals and families.
On the opening of the Beijing branch, Zhang Bei, Chairman of Chubb Insurance Company Limited in China, said, “As China's political, economic and cultural center, Beijing is a nexus of financial innovation, high technology and decision-making centers, including government agencies and the headquarters for large state-owned enterprises (SOEs) and private enterprises, all of which play a critical role in driving China’s ‘One Belt, One Road’ initiative. Establishing a presence in Beijing is an important strategic step forward in Chubb’s continued development in China.”
Kevin Bogardus, General Manager of Chubb Insurance Company Limited in China, added, “As the world’s largest publicly traded P&C insurance company, Chubb is well aware of China’s evolving needs for risk management and insurance products. With Chubb's underwriting capability, unique product and service offerings, and global network, we are confident of providing customized one-stop risk management solutions for Chinese enterprises not just in China, but globally, in line with the country’s ‘Going Out’ strategy.”
To help celebrate the Beijing branch opening, Chubb sponsored an “Overseas Risk Management Seminar” for customers and distribution partners focused on global risk management solutions, particularly for overseas construction risks.