Chubb establishes subsidiary in Argentina.WARREN, N.J.--(BUSINESS WIRE)--Sept. 14, 1995--Chubb Group of Insurance Companies announced today that it has established an insurance company in Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. , Argentina, to serve Chubb's worldwide customers and develop a book of indigenous business in this growing economy. "Argentina has one of the largest insurance markets in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. ," said Gary Petrosino, senior vice president and manager of Chubb's Latin American Zone. "This open and competitive environment, coupled with the country's democratic government and the size and strength of its economy, present an ideal situation for Chubb to establish a subsidiary." Chubb Argentina de Seguros S.A. is licensed to write all lines of property and casualty insurance, as well as group life and benefits. Herman G. Weiss has been named president. Weiss was previously a partner with Ayling Barrios Barrios is a name of Hispanic origin. The name may refer to: Persons
"Our intention is to focus on the property/casualty and marine risks of mid-size and large companies, with a special concentration in the commercial and energy sectors," said Weiss. "Argentina has recently privatized its energy industry. And the mining industry, which has been dormant for 40 years, is now developing again. In addition to our experience as a leading underwriter of those risks worldwide, Chubb is also bringing to Argentina other sophisticated products-- such as directors and officers liability insurance-- as well as significant capital resources." Chubb has been active in Latin America for more than 35 years. It has subsidiaries and affiliates in Brazil, Chile, Columbia, Mexico, Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and Venezuela. To support its expanding presence in the region, Chubb established a Latin American Zone Office in Miami in August 1993. "This latest edition to our network strengthens our presence in Latin America, a region with tremendous growth potential that is undergoing fundamental political and economic modernization," said Chubb Executive Vice President and Managing Director Ed Dunlop Ed Dunlop (born October 20, 1968) is a British thoroughbred racehorse trainer. Dunlop was born to British champion trainer John Dunlop and his wife. Educated at Eton, he began his career on stud farms in Ireland and Kentucky before completing the National Stud student course . "The economic development of the region means significant growth potential for insurance coverage from financially strong carriers with sophisticated products and secure capacity." The Chubb Group of Insurance Companies provides through its member insurers commercial and personal property and casualty insurance worldwide through 5,000 independent agents and brokers served by over 100 offices located in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, the Caribbean, Mexico, South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Europe, Asia and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. . Member companies of the Chubb Group carry the highest ratings from A.M. Best, Standard & Poor's and Moody's. CONTACT: Chubb Argentina de Seguros S.A. Herman G. Weiss, 011/541-313-1230 or Chubb & Son Inc. Gary Petrosino, 305/265-4040 or Ogilvy Adams & Rinehart William Haynes William Haynes may refer to:
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