Chubb has set up a marine underwriting division within its US commercial insurance operations in a bid to enter the global marine market.

COO Paul Krump says the new business offers “a more integrated, specialised approach to procuring marine insurance products and services” and demonstrates the group’s “global commitment” to entering the marine market.

Senior Vice President Rich Soja has been appointed Global Manager of the new business, and says agents and brokers from about 30 countries will be able to access the products.