Chubb's Strategic Appointment: Alex Faynberg Heads Healthy Paws Pet Insurance

Generated by AI AgentWesley Park
Thursday, Feb 27, 2025 10:59 am ET1min read
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Westchester, a Chubb CompanyCB--, has made a strategic move by appointing Alex Faynberg as the Executive Vice President and Head of Healthy Paws, a leading pet insurance company in the U.S. This appointment, effective March 3, 2025, is expected to drive growth and strengthen Healthy Paws' position in the market, as well as enhance its mission to help pet owners care for their pets' health.

Alex Faynberg brings over 20 years of experience in the insurance industry, including nine years in key leadership roles at ChubbCB--. His extensive background in both benefits and insurance, coupled with his proven track record of driving growth and innovation, makes him an ideal candidate to lead Healthy Paws. As the Division President of Chubb Workplace Benefits (CWB), Faynberg successfully expanded the company's presence in the worksite benefits market, establishing CWB as one of the fastest-growing large voluntary benefits carriers. Previously, as Senior Vice President and Chief Actuary at Combined Insurance, he led the division's product innovation and business growth.

In his new role, Alex Faynberg will have executive operating responsibility to expand Healthy Paws' market presence, strengthen its position as a leader in the pet insurance industry, and oversee underwriting and operational priorities. David Lupica, Vice President, Chubb Group and President of Westchester, praised Faynberg's deep experience and knowledge in both benefits and insurance, as well as his strategic vision, making him the ideal candidate to drive Healthy Paws' growth and success.

Healthy Paws, a Chubb company since 2024, offers pet insurance products for dogs and cats underwritten and provided by certain Chubb underwriting companies. With over 520,000 animals served in the U.S., Healthy Paws has been a trailblazer in the pet insurance domain, providing program and claims administration via a digital proprietary platform.



Chubb's acquisition of Healthy Paws in 2024 and the subsequent appointment of Alex Faynberg as its head demonstrate the company's commitment to expanding its presence in the pet insurance market, a niche market with substantial growth potential. By leveraging Faynberg's expertise and strategic vision, Chubb aims to drive growth and innovation in the pet insurance industry, ultimately enhancing its overall portfolio.



In conclusion, Alex Faynberg's appointment as the Executive Vice President and Head of Healthy Paws is a strategic move by Chubb to drive growth and strengthen its position in the pet insurance market. Faynberg's extensive experience in both benefits and insurance, coupled with his proven track record of driving growth and innovation, makes him an ideal candidate to lead Healthy Paws. As part of Chubb, Healthy Paws is well-positioned to capitalize on the growing demand for pet insurance and continue its mission to help pet owners care for their pets' health.

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