The acquisition will allow Chubb to expand its presence in a niche market with significant growth potential. Financial terms of the deal, which is expected to be completed in the second quarter, have not been disclosed.
Healthy Paws, established in 2009, has become a leader in the pet insurance industry and now serves over 500,000 dogs and cats in the United States. The company manages its programs and claims through a digital proprietary platform.
Chubb has served as the exclusive underwriter of Aon’s Healthy Paws pet insurance program since 2013. This long-standing relationship sets the stage for accelerated growth and ensures a smooth transition for employees, customers, and other business partners.
“We are delighted to welcome Healthy Paws to the Chubb family,” said John Lupica, Vice Chairman, Chubb Group and President, North America Insurance.
He added: “Together, we will be able to extend the reach and amplify the impact of this esteemed pet insurance brand in a vastly underpenetrated market. As part of Chubb, Healthy Paws will empower more pet owners to fund medical care and navigate the rising costs of veterinary care.”
Join Chubb in New York at Insurtech Insights NY 2024
Hemant Sarma, SVP- Global Digital IoT Lead for Chubb, will be taking to the stage for the live panel debate, “Mind the Gap: Bridging the Insurtech – Carrier Divide” at Insurtech Insights NY 2024, at the Javits Center, June 5th and 6th, 2024.
