Chubb Group, the world’s largest property insurer based in the US, has named Albert Kim as the new chief executive officer of Chubb Life Korea, its life insurer subsidiary operating here, officials said Thursday.

Throughout his 25-year career, Kim has worked in various global insurers including AIG, Allianz and AXA. Until recently, he served as vice president in charge of sales and management at AIG Korea.

“We are glad to announce that Albert Kim will henceforth lead Chubb Life Korea, making the best use of his vast experience and understanding of the Korean insurance market,” said Brad Bennett, the group’s senior vice president and regional president for the Far East.

“The new CEO will bring new changes to Chubb Life Korea, by enhancing the sale channels and responding to customers’ swiftly changing needs.”

Chubb Group, currently operating in 54 countries around the world, started business in Korea back in 1990.

By Bae Hyun-jung (tellme@heraldcorp.com)