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Banco de Chile adds life insurance unit to strategic deal with Chubb

Banchile Seguros de Vida was incorporated into the 15-year exclusive distribution agreement between Chubb Ltd.'s Chilean units and Banco de Chile, Chubb Seguros de Vida Chile SA said in a Dec. 30 filing.

Earlier in 2019, Chubb Seguros Chile SA had signed a strategic partnership through which Banco de Chile would sell Chubb's general and life insurance products in the Latin American country.

In addition, Chubb had stated it would have exclusive rights to market insurance products currently distributed by the bank.