WHITEHOUSE STATION, N.J., April 22, 2024 — Chubb, a global insurance leader, has announced a definitive agreement to acquire Healthy Paws, a prominent U.S. managing general agent (MGA) specializing in Paws Pet Insurance. This strategic move, acquired from Aon plc, positions Chubb to significantly expand its footprint in the rapidly growing and niche market of pet insurance. The financial details of the transaction, expected to finalize in the second quarter, remain undisclosed.
John Lupica, Vice Chairman of Chubb Group and President of North America Insurance, stated, “We are thrilled to welcome Healthy Paws into the Chubb family. This acquisition allows us to broaden the scope and enhance the influence of a highly respected paws pet insurance brand within a considerably underserved market. By integrating Healthy Paws into Chubb, we aim to empower more pet owners to effectively manage pet healthcare expenses and navigate the increasing costs of veterinary services.”
Chubb has been the exclusive underwriter for Healthy Paws’ pet insurance programs for over a decade, since 2013. This well-established partnership ensures a smooth integration and sets the stage for accelerated growth, promising a seamless transition for employees, clients, and business associates.
Jon Harris, currently President and COO of Healthy Paws and future leader of the business under Chubb, commented, “Chubb has been integral to our journey for over ten years and is the ideal partner to support our continued mission on a larger scale. This partnership will enable us to deliver even greater value to the pet community. We foresee substantial opportunities to amplify our positive impact on pets and their owners.”
Established in 2009, Healthy Paws has emerged as a pioneer in the paws pet insurance industry, currently serving over 500,000 dogs and cats across the U.S. The company utilizes a proprietary digital platform to efficiently manage program administration and claims processing.
About Chubb
Chubb stands as a worldwide leader in the insurance sector, operating across 54 countries and territories. Chubb delivers a comprehensive suite of insurance solutions, including commercial and personal property and casualty insurance, accident and supplemental health insurance, reinsurance, and life insurance to a diverse clientele. As a leading underwriting company, Chubb excels in risk assessment and management with expertise and precision. The company is committed to providing fair and prompt claims service. Chubb is distinguished by its extensive array of products and services, robust distribution network, exceptional financial stability, and global operational presence. Chubb Limited, the parent company, is publicly traded on the New York Stock Exchange (NYSE: CB) and is a constituent of the S&P 500 index. Chubb’s executive offices are strategically located in Zurich, New York, London, Paris, and other key global cities, employing approximately 40,000 individuals globally. For more detailed information, please visit: www.chubb.com.
Forward-Looking Statements
This press release includes forward-looking statements regarding the acquisition of Healthy Paws and its potential impact. These statements are based on current expectations and are subject to risks and uncertainties. Actual results may differ materially due to factors such as the ability to achieve anticipated benefits, the timing of transaction completion, integration of the acquired business, market conditions, and regulatory developments. Readers are advised not to unduly rely on these statements, which are relevant only as of the date of this release. Chubb undertakes no obligation to update these forward-looking statements.
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SOURCE Chubb
