Chubb, a global insurer, has announced its acquisition of Healthy Paws, a managing general agent (MGA) specializing in pet insurance, from insurance and reinsurance broker Aon.
The partnership between Chubb and Healthy Paws dates back to 2013 when Chubb became the exclusive underwriter of the Healthy Paws pet insurance program for Aon. This longstanding relationship sets the stage for a smooth transition for employees, customers, and other stakeholders, positioning the combined entity for accelerated growth.
The acquisition allows Chubb to broaden its footprint in a niche market with significant growth prospects.
John Lupica, Vice Chairman of Chubb Group and President of North America Insurance at Chubb, expresses his excitement for the acquisition, saying, “We are pleased to welcome Healthy Paws to the Chubb family.”
“Together, we will expand the reach and impact of this esteemed pet insurance brand in an underserved market. As part of Chubb, Healthy Paws will enable more pet owners to finance medical care and navigate the increasing costs of veterinary services,” Lupica adds.
Jon Harris, President and COO of Healthy Paws, comments, “Chubb has played a crucial role in our journey for over a decade and is an ideal partner to help us continue our mission on a larger scale and deliver even greater value to the pet community.”
“There are vast opportunities ahead to enhance the positive influence we have on pets and pet owners,” Harris concludes.
