TAIPEI, , May 31, 2016 /PRNewswire/ -- Chubb Life, the global life insurance division of Chubb Group, announced the appointment of Kristine Ung as Country President of Chubb Life in Taiwan. This appointment has been approved by local regulators on May 4, 2016.
Ms. Ung will diversify our Taiwanese life business including Offshore Insurance Unit through channel and product initiatives, building organizational capabilities and maintaining strong relationships with Government entities.
Ms. Ung joined Chubb Life in July 2015 and has been instrumental in building our regional Wealth Management team ("Center Of Excellence") and strategies for Asia Pacific. The insurance wealth management business is core to our regional strategies and core to Taiwan with the Offshore Insurance Unit. Therefore, Ms. Ung will continue to lead the insurance wealth management business while advancing all aspects of our Taiwanese business.
Ms. Ung is a transformational senior executive with more than twenty years of successful international insurance and financial services experience providing financial, strategic, distribution, marketing, product, and operations leadership in uniquely challenging environments.
ABOUT Chubb Life
Chubb Life is the global life insurance division of Chubb Group, one of the world's largest multiline property and casualty insurers. 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. Chubb Limited, the parent company of Chubb Group, is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb's core operating insurance companies are rated AA for financial strength by Standard & Poor's and A++ by A.M. Best.
Chubb Life is a dynamic, fast-growing, global franchise operating in 30 countries spanning Asia Pacific, Europe, Latin America and the Middle East. Its broad product suite caters to individual needs for protection, savings and investment, as well as specialized protection in the form of credit life and accident insurance. Chubb Life also offers group life and medical plans to help companies protect their employees. Its products are distributed through a variety of channels -- Agency, Bancassurance, Brokers and Direct Marketing -- around the world.
In Asia Pacific, Chubb Life is growing rapidly through its diverse distribution channels, most notably its professional agency network and Bancassurance relationships. The regional footprint of Chubb Life encompasses seven markets, namely Mainland China, Hong Kong, Indonesia, Korea, Taiwan, Thailand and Vietnam. In China, Chubb's life insurance operations are conducted through Huatai Life, a joint venture company with Huatai Insurance Group.
More information can be found at http://www.chubb.com
Media Contact:
Madeline Chang
+886 2 81611988 #8801
Madeline.Chang@chubb.com
