Chubb sets up aviation hub in Singapore
Chubb sets up aviation hub in Singapore | Insurance Business Asia
Insurance News
Chubb sets up aviation hub in Singapore
Move is part of strategic regional focus for the CGM aviation line-up
Insurance News
By
Kenneth Araullo
Chub has announced the establishment of an aviation hub in Singapore for the continued development of its general aviation and aerospace business.
This new hub is part of a strategic regional focus for the Chubb Global Markets (CGM) aviation team, a division which comprises Chubb’s London Market wholesale and specialty arm, including the firm’s Lloyd’s platform. The aviation hub will be led by ex-QBE senior underwriter Alastair Stuart, who has been appointed as practice leader of aviation for Asia Pacific.
In this role, Stuart will be responsible for establishing and developing CGM’s aviation business in the region. Taking effect immediately, Stuart will be based in Singapore and will report to CGM head of general aviation Nigel Griffiths. A 20-year veteran in the industry, Stuart previously worked at Aerosure Asia Pacific, Aon Risk Solutions, and JLT Group, according to his LinkedIn.
CGM product line head aviation Simon Abbott said that Stuart’s appointment will be integral in securing a better foothold for CGM in this line of business.
“I am delighted that Alastair is leading our newly established aviation hub in Singapore, which aims to further enhance our current Asian portfolio by accessing domestically placed business and bringing Chubb’s product and service closer to Asian customers,” Abbott said. “His extensive experience, technical skill and commercial acumen, together with his local knowledge, will be a clear advantage as we look to open up opportunities to develop CGM’s aviation business in this important and fast-growing market.”
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