DBS and Chubb in 15-year insurance distribution deal

Singapore

DBS Bank and insurer Chubb have signed a 15-year partnership, under which DBS will distribute Chubb's general insurance products to SME clients in Singapore, Hong Kong, China and Taiwan.

As part of the agreement, effective Jan 1, DBS will distribute, on an exclusive or preferred basis, Chubb's coverage for home, contents and selected personal accident and supplemental health (A&H) insurance products as well as general insurance products for small and medium-sized enterprises.