July 25, 2019 - Chubb has established a new division dedicated to serving small commercial and mid-market clients. Mike Hooton has been appointed to lead this division, in the new role of Head of Small Commercial and Mid-Market Division (SMD)
This development follows the establishment of Chubb’s Major Account Division and reflects the way Chubb is structuring its operation around the needs of clients.
Mike has been consulting to Chubb for the last 10 months. Prior to this he was CEO and Director of Calibre Commercial Insurance Pty Ltd. Mike brings 30 years of insurance experience gained in senior roles in Australia and the UK.
Jarrod Hill, Chubb Country President, Australia & New Zealand said: “Mike’s strategic thinking and deep understanding of the market will be invaluable as we pursue growth in the small and mid-market segments. The establishment of this new division will lead to improvements in the small and mid-market broker and client experience.”
“Brokers have been starting to experience our small commercial proposition accessing crafted products via online trading platforms. The logical next phase of this development is for mid-market businesses. We intend to craft product solutions for this segment and find efficiencies in how we service them while we continue to maintain focus on distribution via our broking partners,” said Jarrod Hill.
Chubb is experiencing rapid growth in the Small Commercial sector insuring businesses with annual revenue up to $10m. Matt Head will continue to implement established strategies for this segment reporting through to Mike
In building out the Small and Mid-Market Division (SMD) Chubb is also investing in a series of new senior roles including a leader for Middle Market and a Head of MGAs, Schemes and Facilities.
To expand distribution Chubb is entering established broker marketplaces (online trading platforms) and creating new marketplaces for brokers such as the new Cyber portal.
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, Paris and other locations, and employs more than 30,000 people worldwide.
Additional information can be found at: chubb.com/au