SINGAPORE - Media OutReach - 16 January 2018 - Chubb announced today that Koh Wei Lee was appointed as Head of Bancassurance for Singapore since 1 January 2018. This appointment is in addition to Mr. Koh's current responsibilities as Division Head of Accident & Health (A&H). He will continue to report to Mr. Adam Clifford, Country President for Chubb in Singapore.
Mr. Koh joined Chubb in 2016 and has more than 17 years of industry experience. A proven leader with deep distribution expertise, Mr. Koh had overseas stints in Hong Kong and Malaysia in a variety of senior roles covering regional product management, business development and product marketing. In his new role, he will drive the strategy, development and growth of the bancassurance channel for the local operations.
Edward Ler, Chubb's Regional Head of Personal Lines said, "Bancassurance is part of our overall regional multi-channel strategy to ensure our personal lines products reach retail customers and SMEs. We have strong growth ambitions for our bancassurance channel regionally and especially in Singapore, with our newly launched partnership with DBS. With his expertise in channel management, Wei Lee is well placed to steer our strategy in Singapore."
Mr. Clifford added, "The appointment of Wei Lee underscores our commitment to expand business opportunities and nurture relationships with our existing and new banking partners. Given Wei Lee's wealth of experience and proven track, I am confident he will forge strong distribution partnership with financial institutions to achieve our business objectives and growth."
About Chubb in Singapore
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, 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 and other locations, and employs approximately 31,000 people worldwide.
Chubb Insurance Singapore Limited, via acquisitions by its predecessor companies, has been present in Singapore since 1948. Chubb in Singapore provides risk management and underwriting expertise for all major classes of general insurance, including Property & Casualty, Marine, Liability, Financial Lines and Group Personal Accident insurance. As one of the leading providers of Accident & Health insurance through direct marketing, the company partners with financial institutions and other companies to tailor individual policies for their clients and employees. In addition, it offers a suite of customised Personal & Specialty insurance solutions to meet the needs of consumers.
Over the years, Chubb in Singapore has established strong client relationships by offering responsive service, developing innovative products and providing market leadership built on financial strength. The company has been assigned a financial strength rating of AA-/Stable and the highest ASEAN credit rating of axAAA by Standard & Poor's.
More information can be found at www.chubb.com/sg