Chubb launches small business commercial division in North America
Insurer Chubb has launched a new commercial insurance division for North America targeting small businesses.
The division brings together a team of product and service professionals to provide a broad range of management and professional liability and standard insurance coverages for small businesses with annual revenues up to $10 million.
Chubb Small Commercial Insurance, which already has a robust offering of financial lines solutions, will release products including an enhanced business owner policy (BOP) and supporting umbrella in the US later in 2016, to serve independent agents and brokers and their small business clients.
Jim Williamson is president of the new division and will report to Paul Krump, president, North American commercial and personal lines. Prior to ACE's acquisition of Chubb in January 2016, Williamson was division president of ACE Private Risk Services.
"The depth of small commercial experience encompassed by our new leadership team combined with the capabilities that Chubb can bring to the small commercial market is a powerful proposition," said Williamson.
He added: "Under this team's guidance, the small commercial insurance division will deliver superior risk solutions for smaller businesses through our extensive network of independent agents and brokers."
Michelle Middleton will serve as chief operating officer. She was previously Eastern territory underwriting center branch manager and senior vice president, Chubb & Son, and held a variety of other leadership roles with Chubb for nearly 30 years.
Carla Owens will be the financial and professional lines leader and Michelle Shaver will be the business owner policy (BOP) product leader. Owens and Shaver will both report to Middleton.
BC Verniero will lead platform development, Jon Farber will be technology and life sciences product leader and Patrick Thielen will has been appointed cyber product leader.
Jay Weber will serve as head of sales, Dean Brown will head up analytics and marketing and Tom Van Pelt will be division finance officer.
Jim Healey will lead the actuarial department and Charles Silla will be head of human resources.
