Chubb, the Whitehouse Station-based insurance coverage supplier, on Monday introduced a definitive settlement to accumulate Healthy Paws, a U.S.-based managing common agent, or MGA, specializing in pet insurance coverage, from skilled providers agency Aon PLC.
Financial phrases of the deal, which is predicted to shut within the second quarter, weren’t disclosed.
“We are delighted to welcome Healthy Paws to the Chubb family,” John Lupica, vice chairman, Chubb Group, and president, North America insurance coverage, mentioned. “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.”
Since 2013, Chubb has been the unique underwriter of the Healthy Paws pet insurance coverage program for Aon. The longstanding Chubb and Healthy Paws relationship positions the mix for accelerated development whereas supporting a seamless transition for workers, clients and different business companions.
“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,” Jon Harris, who’s at present president and chief working officer of Healthy Paws and can proceed main the business, mentioned. “There are tremendous opportunities ahead to expand the positive impact we have on pets and pet parents.”
Founded in 2009, Healthy Paws has been a trailblazer within the pet insurance coverage area and at present serves greater than 500,000 dogs and cats within the U.S. The firm gives program and claims administration by way of a digital proprietary platform.
