Chubb’s Hong Kong life business crucial for international expansion: analyst
It accounted for 15% of pre-tax income for the group.
Chubb Life, Chubb’s Hong Kong life insurance business is crucial for the group’s international expansion, according to credit ratings expert S&P Global.
This is because Chubb Life is a stable profit contributor to the group’s life insurance operations and has a close relationship with the group to receive capital, actuarial, investment, and risk management support.
In 2020 and 2021, Chubb Life accounted for about 15% of pretax operating income for the group's life insurance business.
“The group's acquisition of some of Cigna Corp.'s business lines reinforces our view of Chubb Group's long-term commitment to its life insurance business, especially in Asia-Pacific markets,” S&P Global said.