Chubb Launches Aviation Hub in Singapore To Develop Aerospace Business

Chubb Limited CB has established an aviation hub in Singapore to develop its general aviation and aerospace business.
The latest move brings Chubb products and services closer to Asian customers.
"The launch of our new aviation hub is an important part of Chubb's global expansion in this sector, enabling us to enhance our product and service offering for clients and broker partners across the region," said Paul McNamee, Senior Vice President, Chubb Group and Regional President, Asia Pacific.
The development is also a part of Chubb's strategic regional focus for the aviation team from Chubb Global Markets (CGM), which comprises Chubb's London Market wholesale and specialty arm, including the company's Lloyd's platform.
The Singapore hub will be led by Alastair Stuart, who has been appointed as the Practice Leader, Aviation, Asia Pacific.
Stuart has over 20 years' of experience in the insurance industry and was previously a senior underwriter for QBE's Aviation & Aerospace business in Australia, the company said.
Price Action: CB shares were up by 0.24% to $192.83 on the last check Monday.