US property/casualty insurer Chubb will purchase the US-based managing basic agent (MGA) via which it has been writing pet insurance coverage, from international insurance coverage dealer group Aon.
Chubb has been the unique underwriter of the Healthy Paws pet insurance coverage programme for Aon since 2013. Healthy Paws was based in 2009 and gives programme and claims administration by way of a digital proprietary platform. President and chief working officer of Healthy Paws, Jon Harris, will proceed to steer the business.
The deal is anticipated to shut in Q2. Terms weren’t disclosed.
John Lupica, Chubb group deputy chair and president of North American insurance coverage, commented: “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.”
Healthy Paws CEO Jon Harris added: “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.”
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