News Releases

Enhanced P&C products coming in 2017
Apr 11, 2017

Australian brokers are set to benefit from enhanced Chubb policies across a range of Property & Casualty product classes. This includes: 

  • Directors & Officers Liability,
  • Commercial Crime,
  • Employment Practices Liability, 
  • Management Liability, 
  • Professional Indemnity, and 
  • Marine & Cargo.

Chubb reviewed commercial insurance policies offered by legacy Chubb and ACE in Australia and is rolling out a program to harmonise the full product suite. 

The objective is to craft the finest coverage available by taking features and benefits from legacy policies, incorporating additional enhancements and then applying them to a single, harmonised offering for each product. 

With that process nearing completion, Chubb will launch new and improved Property & Casualty policies throughout 2017. 

This will complement Chubb’s Fire, Liability and Accident & Health policies that were harmonised in 2016.

At the same time as launching these new products, Chubb will be integrating and upgrading selected trading platforms. For example, improvements to the E-placement system will make it easier for brokers to quote, bind and renew Management Liability policies online.

Chubb’s broker partners will be kept informed as news breaks about harmonised policies and upgraded systems. Where applicable, training on new platforms and processes will also be provided.

If you have any questions please contact your local Chubb team or email aus.marketing@chubb.com

About Chubb

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defi ned by its extensive product and service off erings, broad distribution capabilities, exceptional fi nancial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offi ces in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.

Chubb, via acquisitions by its predecessor companies, has been present in Australia for over 50 years. Its operation in Australia (Chubb Insurance Australia Limited) provides specialised and customised coverages, including Marine, Property, Liability, Energy, Professional Indemnity, Directors & Officers, Financial Lines, Utilities, as well as Accident & Health insurance, to a broad client base. Chubb is a major insurer of many of the country’s largest companies. With five branches and over 500 staff in Australia, it has a wealth of local expertise backed by its global reach and breadth of resources.

More information can be found at www.chubb.com/au

 

For further information: Robin Moore: +61 2 9335 3343; robin.moore@chubb.com Chubb Insurance Australia Limited Level 38, 225 George Street Sydney NSW 2000

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