SINGAPORE, 17 September 2019 – Chubb today announced the expansion of its transactional risk capabilities in Asia Pacific with the appointment of two specialist underwriters:
Tressie Norton, previously Senior Underwriter, Transactional Risk with Chubb in the UK and Ireland, relocated to Singapore in April 2019. Ms. Norton will service all Asia-based transactional risk submissions, collaborating with Chubb’s local financial lines teams across the region.
Scott Butcher, previously Senior Underwriter, Financial Lines within Chubb’s Major Accounts Division in Australia, has been appointed to the position of Underwriter, Transactional Risk. Scott will service all transactional risk submissions in Australia and New Zealand.
Chubb’s expansion of transactional risk capabilities comes in response to increasing demand for risk coverage in the Asia Pacific region to help facilitate corporate transactions. In 2018, M&A activity in Asia Pacific, excluding Japan, recorded a combined deal total of US$717.4 billion, a 2.6 per cent increase in deal value than in 2017. 1
With primary capabilities in Australia, Hong Kong SAR, Korea, New Zealand and Singapore, Warranties and Indemnities (W&I) Insurance will lie at the heart of Chubb’s transactional risk proposition to help parties manage inherent risks in a transaction.
“With extensive experience as underwriters and legal practitioners, Tressie and Scott will provide a deep understanding of how transactional risk coverage can help participants in a transaction resolve challenging negotiations and execute the deal,” said Grant Cairns, Head of Financial Lines for Chubb Asia Pacific.
“Chubb will serve the needs of both buyers and sellers through distinct W&I policy offerings tailored to the specific needs of each policyholder,” added Mr. Cairns.
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, 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
1 MergerMarket, Global & Regional M&A Report 2018