Chubb Group Insurance Companies: Becoming a Top Player in Latin America

Online, June 6, 2010 (Newswire.com) - (San Diego, CA) Herman Weiss, the Latin American Zone officer for Chubb Group Insurance Companies, elucidates how they were able to develop a strategy that branched the company throughout Latin America. In an interview with Latino Business Review, which was released in the June issue, Weiss talked about Chubb Group's methods and strategies to reach business communities around the world, and the methods that pushed the company to become one of Latin America's prominent insurance providers.

"Chubb has had knowledge of the business communities and markets in Latin America for a longtime from the days when we were working solely out of the United States with our marine insurance business," explained Weiss.

As a specialty company, Chubb has the goal of bringing the product services that are required for the market it has entered.

"Companies in Latin America tend to be generalists, and concentrate on the middle market, run-of-the-mill and standardized products," said Weiss. "The more sophisticate client will want more complex products, which is what we offer."

As Latin America's economies grow into global strengths, various sector territories will become attractive to other international investors and even local corporations, said Weiss.

To read the full article, visit our June Issue of Latino Business Review.