OLDWICK, N.J.--(BUSINESS WIRE)--This A.M.BestTV episode highlights a recent interview with Fran O'Brien, president, North America personal insurance, The Chubb Corporation, who said the merged company combines elements of Chubb, Ace Limited and Fireman's Fund Insurance Company. Click on http://www.ambest.com/v.asp?v=chubb316 to view the entire program.
O'Brien estimates that $33 billion in premium for high net worth coverage could be found by luring customers from general coverages.
“Across the three companies’ we've settled over our life span over 200 million claims for high net worth individuals,” said O’Brien. “Now, we have this unique and unparalleled ability to see how different services were provided, what was more effective, what held interest in the high net worth individuals' space and what are the most frequent things that happen to a customer's different exposures. And then, what's the best way for us to service it.”
O’Brien also spoke about the future of the merged company.
“As far as attracting new customers, we're working with our agents and brokers on how do we go and become relevant to those people that aren't in the high net worth specialty market. There happens to be a lot of new players coming into this space currently. We're trying to emphasize our experience and our success and our expertise about being the right place to be.”
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