Chubb has announced the establishment of an aviation hub in Singapore to further develop its general aviation and aerospace business.
The Singapore aviation hub is part of a strategic regional focus for the aviation team from Chubb Global Markets. It currently comprises Chubb’s London Market wholesale and specialty arm and the company’s Lloyd’s platform.
Working with brokers and clients, CGM plans to deliver solutions across the risk spectrum.
The hub will be led by Alastair Stuart, who has been appointed Practice Leader, Aviation, Asia Pacific with immediate effect.
Paul McNamee, the Senior Vice President of Chubb Group and Regional President, Asia Pacific, said, “Singapore is a key market for the aviation community in Asia. The launch of our new aviation hub is an important part of Chubb’s global expansion in this sector, enabling us to enhance our product and service offering for clients and broker partners across the region.”
Stuart joins Chubb from QBE. In his new role, he will establish and develop CGM’s aviation business within the region.
Stuart’s role will be based in Singapore, and he will report to Nigel Griffiths, the Head of General Aviation, CGM.
Stuart is a market veteran with more than two decades of experience in the insurance industry. Previously, he was the Senior Underwriter for QBE’s Aviation & Aerospace business in Australia.
Prior to that, he worked for Aerosure Asia Pacific Pty Ltd as an Account Director.
Simon Abbott, the Product Line Head Aviation, of CGM, said, “I am delighted that Alastair is leading our newly established aviation hub in Singapore, which aims to further enhance our current Asian portfolio by accessing domestically placed business and bringing Chubb’s product and service closer to Asian customers. His extensive experience, technical skill and commercial acumen, together with his local knowledge, will be a clear advantage as we look to open up opportunities to develop CGM’s aviation business in this important and fast-growing market.”
