WARREN, NJ, July 27, 2007 -- The Asian American Business Development Center (AABDC) honored Kenneth Chung, a vice president with the Chubb Group of Insurance Companies, for his contributions as an Asian American business professional. Chung received his award at the 6th Annual Outstanding 50 Asian Americans in Business award dinner in New York recently.
Chung has served as the Northeast zone underwriting manager for Chubb Commercial Insurance in Boston since 2002. He began his insurance career in 1980 with INA/CIGNA in Hong Kong. Chung joined Chubb’s Hong Kong branch in 1986 as a senior underwriter and has since held a variety of underwriting and managerial positions in Chubb’s offices in New York, Los Angeles, Warren, NJ, and London.
Chung is a co-founder and chair of the Asian American Business Network, one of Chubb’s corporate employee resource groups. The group encourages Asian American members to increase their contribution to Chubb’s business results by connecting, collaborating and contributing. Chung also has participated in volunteer activities for various not-for-profit organizations, including weekend Chinese schools.
He has an undergraduate degree from Hong Kong Polytechnic University, where he majored in insurance and a master’s in business administration from Boston University. He also holds the Chartered Property Casualty Underwriter and Associate of the Chartered Insurance Institute (UK) designations.
“We place a high value on the contributions that Kenneth Chung has made to our business, including his efforts to foster an inclusive work environment,” said John D. Finnegan, chairman, president and chief executive officer, The Chubb Corporation. “Kenneth has demonstrated outstanding leadership skills and vision both in his management role and as co-founder of the company’s Asian American Business Network. We are pleased that he is receiving external recognition that reflects our own view of his accomplishments, and proud of the manner in which he represents the company to our agents, customers and employees.”
“Besides honoring individual accomplishments, the award increases awareness of cultural diversity and creates new opportunities for corporations to strengthen contact with the growing Asian American community, " said John Wang, president of AABDC.
About AABDC
Established in 1994, the AABDC supports Asian American businesses in the tri-state area and has organized the Outstanding 50 Asian Americans in Business award since 2001. The award highlights the contributions of Asian American businesses to the economy and recognizes senior-level corporate executives for their outstanding achievements and leadership.
About Chubb
Member insurers of the Chubb Group of Insurance Companies form a multi-billion dollar organization providing property and casualty insurance for personal and commercial customers through 8,500 independent agents and brokers worldwide. Chubb's global network includes branches and affiliates throughout North America, Europe, Latin America, Asia and Australia. Additional information on Chubb can be found on the Internet at www.chubb.com .
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