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CHUBB CREATES NEW NORTH AMERICA SMALL & LOWER MIDMARKET DIVISION

1. Chubb creates a new division, Small & Lower Midmarket, enhancing service capabilities. 2. Rob Poliseno appointed as Division President, focused on small and lower mid-market growth. 3. Jason Ranucci named COO, overseeing P&L management and underwriting responsibilities. 4. The new division aims for efficiency in underwriting and a seamless digital experience. 5. Chubb's strategy targets growth in the evolving small business insurance sector.

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FAQ

Why Bullish?

The creation of a new division signals strategic growth opportunities for Chubb.

How important is it?

The shifts in leadership and focus on digital solutions significantly enhance Chubb's market position.

Why Long Term?

This structural change positions Chubb for sustained growth in the small business market.

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Leverages Digital Operating Model to Apply Chubb's Underwriting and Service Capabilities Across Small and Lower Middle Market Segments Rob Poliseno appointed Division President, Small & Lower Midmarket; Jason Ranucci named Chief Operating Officer, Small & Lower Midmarket , /PRNewswire/ -- Chubb (NYSE: CB) today announced the creation of a new division within its North America Middle Market organization, combining Chubb's Lower Middle Market and Digital Small Business divisions into a single cohesive unit that will operate as North America Small & Lower Midmarket. Rob Poliseno has been appointed Division President, Small & Lower Midmarket, reporting to Ben Rockwell, Division President, Chubb North America Middle Market. Jason Ranucci has been named Chief Operating Officer, Small & Lower Midmarket, reporting to Rob. Both appointments are effective immediately. Commenting on the news, Juan Luis Ortega, Executive Vice President, Chubb Group, and President, Chubb North America, said, "The small business and lower middle market segments present significant growth and expansion opportunities for Chubb. As the distribution landscape continues to evolve, agents and brokers increasingly demand simplicity, efficient and fast underwriting, and seamless digital experiences. This combination integrates our decades-long underwriting experience in the Lower Middle Market with the agility and speed of our Digital Small Business division, allowing us to apply the full power and deep expertise of our team to service clients in this segment and drive growth." Rob brings over 28 years of industry experience to his new position, including nearly 17 years with Chubb. Previously, he served as Division President, Small Business and North America Digital. His strong background in insurance underwriting and distribution, backed by a proven track record of operational excellence, positions him well to lead Chubb's Small & Lower Midmarket business. As COO of the unit, Jason will have broad operating responsibility – including P&L management and oversight of both field and home office underwriting, as well as product, pricing, portfolio management and analytics. With over 17 years of experience in insurance, he has been serving as Head of North America Lower Middle Market, and was previously Global Chief Underwriting Officer for Small Business. "Launching this division represents an important milestone in how we serve the small and lower middle market business segment," said Middle Market President Rockwell. "Rob and Jason will build on their successes in this space, leveraging our investments in a modern, automated and data-centric digital operating model that differentiates our approach to a wide range of companies across all industry practices and positions this business for robust growth. This division will offer more seamless coverage through a comprehensive suite of products and services, including P&C, Financial Lines, Cyber, Multinational, and Accident & Health, while offering agents the options of either a fully digital/automated experience or a digitally augmented service model." About ChubbChubb is a world leader in insurance. With operations in 54 countries and territories, 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. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com. SOURCE Chubb WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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