Chubb inks deal for pet insurance coverage MGA from Aon

Chubb has reached a definitive settlement to amass Wholesome Paws, a managing common agent (MGA) specializing in pet insurance coverage primarily based within the US, from world dealer Aon.

The acquisition, for which monetary phrases weren’t disclosed, is about to shut within the second quarter and marks Chubb’s growth into the rising pet market.

Chubb has been the unique underwriter for the Wholesome Paws pet insurance coverage program since 2013. It’s now hoped this collaboration will facilitate a clean transition for the enterprise’s staff, prospects, and different companions.

Wholesome Paws, established in 2009, serves over 500,000 canines and cats throughout the US. The corporate is thought for using a digital proprietary platform for program and claims administration.

John Lupica, vice chairman of Chubb Group and president of North America Insurance coverage, expressed enthusiasm in regards to the acquisition and the worth it can give to the corporate.

“We’re delighted to welcome Wholesome Paws to the Chubb household. Collectively, we can prolong the attain and amplify the affect of this esteemed pet insurance coverage model in a vastly underpenetrated market,” he stated. “As a part of Chubb, Wholesome Paws will empower extra pet house owners to fund medical care and navigate the rising prices of veterinary care.”

Jon Harris, president and COO of Wholesome Paws, who will proceed to guide the enterprise, additionally highlighted the partnership’s advantages.

“Chubb has been an vital a part of our journey for greater than a decade and is a perfect accomplice to allow us to proceed our mission on a bigger scale and supply even better worth to the pet group. There are great alternatives forward to broaden the constructive affect now we have on pets and pet mother and father,” Harris stated.

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