Chubb to acquire Healthy Paws, a leading pet insurance provider

Insurance
23/04/2024News

Chubb, the global insurance giant, has announced its definitive agreement to acquire Healthy Paws, a U.S.-based pet insurance provider, from Aon, a leading professional services firm. This strategic move will enable Chubb to expand its presence in the rapidly growing pet insurance market.

Healthy Paws, a managing general agent (MGA) specializing in pet insurance, has been a trailblazer in the industry since its founding in 2009. With over 500,000 dogs and cats currently covered, Healthy Paws utilizes a digital proprietary platform for program and claims administration.

John Lupica, Vice Chairman of Chubb Group and President of North America Insurance, expressed his excitement about the acquisition, stating, "We are delighted to welcome Healthy Paws to the Chubb family. Together, we will be able to extend the reach and amplify the impact of this esteemed pet insurance brand in a vastly underpenetrated market."

Chubb has been the exclusive underwriter of the Healthy Paws pet insurance program for Aon since 2013. This longstanding relationship sets the stage for accelerated growth, ensuring a seamless transition for employees, customers, and other business partners.

Jon Harris, President and COO of Healthy Paws, emphasized the potential of the partnership with Chubb, saying, "Chubb has been an important part of our journey for more than a decade and is an ideal partner to enable us to continue our mission on a larger scale and offer even greater value to the pet community. There are tremendous opportunities ahead to expand the positive impact we have on pets and pet parents."

The transaction is expected to close in the second quarter, and financial terms were not disclosed. With this acquisition, Chubb is well-positioned to capitalize on the significant growth potential of the pet insurance market while providing enhanced coverage and service to pet owners across the United States.

Related news & insights

Insurance
11/03/2025News

Ping An expands travel benefits with SmartDelay for Hong Kong customers

China Ping An Insurance (Hong Kong) has introduced new travel benefits for its online travel insurance customers through a partnership...

Insurance
10/03/2025Interview

At work with Uğur Çağlar

With one foot in the European side of Istanbul and the other in the Anatolian part of the city, Uğur...

Digital Reinvention
07/03/2025News

Manulife expands GenAI capabilities to entire workforce, achieves 75% engagement

This achievement underscores Manulife’s decade-long commitment to embedding AI across its operations to drive efficiency and innovation.

Mobility
04/03/2025News

Allianz Partners and Chery International sign strategic partnership for European mobility solutions

Under the three-year framework cooperation agreement, Allianz Partners will become Chery’s preferred partner for insurance and service programs across Europe.

Digital Reinvention
27/02/2025Article

Financial Innovation Spotlight – February 2025

This month’s Financial Innovation Spotlight features five eye-catching initiatives from around the world by Nubank, Standard Chartered, Tune Protect, Banco...

Mobility
27/02/2025News

Geotab and Vitality partner to enhance fleet safety through behavioral science

The collaboration combines telematics data with behavioral science to enhance driver safety, reduce risk, and support road safety.

Digital Reinvention
20/02/2025Article

A shower of awards for the most innovative financial institutions in the Asia-Pacific region

Qorus announced the winners of the second edition of the Qorus Reinvention Awards – Asia Pacific (APAC) during a live...

Embedded Insurance
19/02/2025Video

Discovery: How precision and personalization are shaping the future of health insurance

Deon Kotze, Chief Commercial Officer at Discovery, highlights their comprehensive dataset, enabling a deep understanding of behavior and its impact...