The world insurer Chubb has announced the creation of a new division within its organization of the intermediate market in North America, combining its lower intermediate market divisions and small digital companies in a single unit.
The new unit will operate as a small intermediate market in North America and lower.
Rob Poliseno was appointed president of the new division, under Ben Rockwell, president of the intermediate market division in North America. Poliseno brings 28 years of experience in industry to his new position, including almost 17 years with Chubb. Previously, he was president of the small businesses and northern America Digital.
Jason Ranucci was appointed manager of the new division of the small average and lower market, under Polisen. As an unit’s coop, Ranucci will have a large operational responsibility – including P&L management and monitoring of land and home office subscription, as well as products, prices, portfolio management and analysis. He has 17 years of experience in insurance and is head of the lower intermediate market in North America.
Small businesses and lower intermediate market segments have significant “growth and extension” opportunities for Chubb, according to Juan Luis Ortega, executive vice-president, Chubb group, and president of Chubb North America. “While the distribution landscape continues to evolve, agents and brokers require more and more simplicity, efficient and rapid subscription and transparent digital experiences. This combination incorporates our experience of subscription of several decades on the lower intermediate market with the agility and speed of our digital division of small businesses, allowing us to apply all the power and in -depth expertise of our team to serve customers in this segment and stimulate growth, “added Ortega.
Subjects
Commercial lines
Business insurance
Chubb
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