Global insurer Chubb has introduced its acquisition of Healthy Paws, a managing common agent (MGA) specialising in pet insurance coverage, from insurance coverage and reinsurance dealer Aon.
This transaction additionally allows Chubb to broaden its presence in a distinct segment market with vital progress potential.
John Lupica, Vice Chairman, Chubb Group and President, North America Insurance at Chubb, expresses his enthusiasm for the acquisition, stating, “We are delighted to welcome Healthy Paws to the Chubb family.”
“Together, we will be able to extend the reach and amplify the impact of this esteemed pet insurance brand in a vastly underpenetrated market. As part of Chubb, Healthy Paws will empower more pet owners to fund medical care and navigate the rising costs of veterinary care,” Lupica provides.
Jon Harris, President and COO of Healthy Paws, remarks, “Chubb has been an important part of our journey for more than a decade and is an ideal partner to enable us to continue our mission on a larger scale and offer even greater value to the pet community.”
“There are tremendous opportunities ahead to expand the positive impact we have on pets and pet parents,” Harris concludes.
