Chubb announces distribution deal with Southeast Asia’s largest banking group

The agreement will see Chubb distribute products through DBS banking channels

Chubb has partnered with DBS Bank, Southeast Asia’s largest banking group, on a 15-year distribution agreement.

Related: Chubb announces plan to relocate EU headquarters following Brexit

The deal will see Chubb distribute general insurance products on an exclusive or preferred basis through multiple DBS banking channels in Singapore, Hong Kong, Taiwan, Indonesia and China.

The product offering will include small commercial P&C insurance products, home and contents insurance, as well as select A&H insurance products.

“For Chubb, our agreement with DBS represents a meaningful long-term opportunity to partner with one of the largest and most respected banking franchises in Asia,” Chubb CEO Evan G. Greenberg said in a statement.

DBS has almost 7 million customers in six countries.

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