Chubb has created a new commercial division dedicated to personal lines insurance in Singapore.
This new division contains the following lines of business: personal risk services (PRS) which targets coverage for valuables, residential insurance and specialty protection such as identity and wallet protection.
Along with the new division, Chubb has announced two key appointments. Bernard Tan has been named as division head of personal lines and Regina Baxter as manager of PRS and regional fine arts specialist.
Tan joined Chubb over a decade ago as a financial lines underwriter. In his most recent role he was responsible for the management and expansion of Chubbs High Net Worth insurance.
As division head of personal lines, Tan will manage and drive the strategic growth of Chubb’s personal lines portfolio spanning multiple distribution channels. He will report to Adam Clifford, country president for Chubb in Singapore.
Baxter joined Chubb in 2011 as an underwriter and in 2016, was appointed as the region’s fine arts specialist due to her unique ability to combine underwriting with knowledge in fine arts.
In her new role, Baxter will be responsible for the management and profitability of the PRS portfolio, including all underwriting and market-facing functions. She will report to Tan.
Chubb’s regional head of personal lines, Edward Ler said: “The Asia Pacific is a region of significant growth potential for personal lines insurance given the rising middle class and growing affluence especially in Singapore. We have deep expertise in crafting personal lines insurance, especially our niche strength in art insurance. Bernard and Regina, with their strong client management skills and business acumen are well poised to lead the charge for the new personal lines division.”
Clifford remarked: “Our personal lines business has undergone rapid expansion and growth this past year and we see significant potential for Chubb in this space,”
He added: “We are committed to our promise of underwriting as well as service excellence and I am confident that with talented leadership like Bernard and Regina, Chubb will be able to tap on the many opportunities available and bring our personal lines business to the next stage of strategic growth.”