Chubb has launched a new insurance division that targets small business clients in North America.
Chubb Small Commercial Insurance will be offering management and professional liability and standard insurance coverage for small businesses with annual revenues up to $10 million.
The new division, which already has financial lines solutions, will be releasing new products, including an enhanced business owner policy (BOP) and supporting umbrella in the US, later this year.
Jim Williamson will serve as division president, the same position he held at ACE Private Risk Services before the company’s acquisition of Chubb in January.
"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," Williamson said.
"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,” he added.
The division’s executives, who are all industry veterans from ACE and Chubb, are the following:
- Michelle Middleton, chief operating officer
- Carla Owens, financial and professional lines leader
- Michelle Shaver, business owner policy product leader
- B.C. Verniero, platform development leader
- Jon Farber, technology and life sciences product leader
- Patrick Thielen, cyber product leader
- Jay Webe, head of sales
- Dean Brown, analytics and marketing head
- Tom Van Pelt, division finance officer
- Jim Healey, actuarial department leader
- Charles Silla, head of human resources
