Chubb launches multi-line practice for transportation clients | Canadian Insurance

Chubb launches multi-line practice for transportation clients

The insurer is targeting companies with fleets of over 500 units

Within its major accounts division, Chubb has launched a multi-line practice dedicated to large risk transportation clients in North America.

The new practice will provide transport companies with fleets larger than 500 power units with insurance products and risk management solutions. Qualifying companies include truckers, bus operators, waste haulers, rental car companies and airlines, as well as manufacturers and distributors with large vehicle fleets.

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Chubb is targeting large-risk companies to find transportation businesses willing to use large deductibles. The insurer’s goal for this practice is to help these types of organizations “take a more holistic approach in managing exposures that pose a significant threat to their businesses,” according to the insurer’s announcement.

“Large transportation companies are becoming more susceptible to a range of risks, including extensive auto, technology, and supply chain liabilities, in addition to the regulatory and compliance exposures involved in the use of independent contractors,” says Chris Maleno, the senior vice president of Chubb Group and the division president of North America major accounts, in a press release.

David Brown will lead the insurance company’s new practice. As executive vice president of the transportation industry practice in Chubb’s major accounts division, he will be based out of New York City. Brown has over 28 years of underwriting and management experience in the large risk transportation segment, and most recently served as senior vice president and transportation practice leader for Chubb’s global casualty business unit, which he will continue to oversee.