Insurer responds to increasing demand for insurance coverage to help facilitate transactions in the region

SINGAPORE- Media OutReach - 17 September 2019 - Chubbtoday announced the expansion of its transactional risk capabilities in AsiaPacific with the appointment of two specialist underwriters:

TressieNorton, previously Senior Underwriter,Transactional Risk with Chubb in the UK and Ireland, relocated to Singapore inApril 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, FinancialLines within Chubb's Major Accounts Division in Australia, has been appointedto the position of Underwriter, Transactional Risk. Scott will service alltransactional risk submissions in Australia and New Zealand.

Chubb's expansionof transactional risk capabilities comes in response to increasing demand forrisk coverage in the Asia Pacific region to help facilitate corporatetransactions. In 2018, M&A activity in Asia Pacific, excluding Japan, recordeda combined deal total of US$717.4 billion, a 2.6 per cent increase in dealvalue 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 riskproposition to help parties manage inherent risks in a transaction.

"Withextensive experience as underwriters and legal practitioners, Tressie and Scottwill provide a deep understanding of how transactional risk coverage can helpparticipants in a transaction resolve challenging negotiations and execute thedeal," said Grant Cairns, Head of Financial Lines for Chubb Asia Pacific.

About Chubb

Chubb isthe world's largest publicly traded property and casualty insurance company.With operations in 54 countries and territories, Chubb provides commercial andpersonal property and casualty insurance, personal accident and supplementalhealth insurance, reinsurance and life insurance to a diverse group of clients.

As anunderwriting company, we assess, assume and manage risk with insight anddiscipline. We service and pay our claims fairly and promptly. The company isalso defined by its extensive product and service offerings, broad distributioncapabilities, exceptional financial strength and local operations globally.

Parentcompany Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) andis a component of the S&P 500 index. Chubb maintains executive offices inZurich, New York, London, Paris and other locations, and employs more than 30,000people worldwide. Additional information can be found at: chubb.com