Chubb Life has appointed Jack Chang as president of its life insurance operations in Taiwan that were acquired from Cigna.
Chang’s appointment follows Cigna completing the sale of its life, accident and supplemental benefits businesses in six markets across Asia Pacific to Chubb in a $5.4bn deal last week.
The deal means Cigna’s life, accident and supplemental benefits businesses in Hong Kong, Indonesia, Korea, New Zealand, Taiwan and Thailand have now transferred to Chubb.
Chang, currently president of Chubb Life Taiwan, (pictured) will have executive operating responsibility for Cigna Taiwan and will lead the integration, subject to regulatory approval, of the Chubb Life and Cigna Taiwan insurance operations in this market. During the integration period, Rose Huang, the current chief financial officer of Chubb Life Taiwan, will serve as president of Chubb Life Taiwan. Upon completion of the integration, the combined business will operate under the Chubb Life brand in Taiwan.
Chang joined in 2021 as president of Chubb Life Taiwan. Before joining Chubb, he was chief partnership officer at AIA Taiwan. He has also served as general manager at TCB Life, where he was responsible for the general management and strategic direction of the joint venture between TCB Holding and BNP Paribas Cardif.
He will report to Brad Bennett, senior vice president, Chubb Group and chief operating officer, Chubb Life and is appointment is effective immediately.
Bennett said: “Jack is an experienced industry executive with a deep understanding of the insurance market in Taiwan. That experience, along with his proven track record as a leader and manager, positions him well in his new role integrating the Cigna and Chubb Life businesses and continuing to build Chubb’s life insurance presence in this important market.
“I look forward to working with Jack and welcome all of our new colleagues from Cigna at this exciting moment for our business in Taiwan and across the region.”