Chubb has established the North America Small & Lower Midmarket division, a new unit within its North America Middle Market organisation.
This move unifies Chubb’s Lower Middle Market and Digital Small Business divisions.
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Rob Poliseno has been named as the division president for Small & Lower Midmarket.
His industry experience spans more than 28 years, with nearly 17 years spent at Chubb, formerly as division president for Small Business and North America Digital.
In his new role, Poliseno will report to Chubb North America Middle Market division president Ben Rockwell.
Jason Ranucci will serve as the chief operating officer for the new division, reporting to Poliseno.
Ranucci’s responsibilities will encompass profit and loss management and supervision of underwriting, product, pricing, portfolio management and analytics.
He has more than 17 years of experience in the insurance industry, his most recent role being head of North America Lower Middle Market and global chief underwriting officer for Small Business.
According to Rockwell, the newly formed division will provide “more seamless” coverage via an extensive range of products encompassing property and casualty (P&C), financial lines, cyber, multinational, and accident and health.
Agents can choose a “fully digital/automated experience” or a “digitally augmented service model”, he said.
Chubb Group executive vice-president and Chubb North America president Juan Luis Ortega said: “The small business and lower middle market segments present significant growth and expansion opportunities for Chubb.
“This combination integrates our decades-long underwriting experience in the Lower Middle Market with the agility and speed of our Digital Small Business division, allowing us to apply the full power and deep expertise of our team to service clients in this segment and drive growth.”
Rockwell added: “Launching this division represents an important milestone in how we serve the small and lower middle market business segment. Rob and Jason will build on their successes in this space, leveraging our investments in a modern, automated and data-centric digital operating model that differentiates our approach to a wide range of companies across all industry practices and positions this business for robust growth.”
Earlier this month, Chubb agreed to acquire the operations of Liberty Mutual’s insurance businesses in Thailand and Vietnam.
