News Releases

Chubb unveils bespoke offering for high net worth individuals
Apr 17, 2017

April 17, 2017 – Chubb has launched a new insurance solution for the New Zealand market to protect high-value homes, art, valuable articles and more.

A new offering in the New Zealand market, Chubb’s Masterpiece provides coverage specifically for individuals with significant personal assets to protect. This includes exceptional levels of cover for home, contents, fine art and jewellery. Masterpiece will protect precious items for individuals wherever they may be in the world, as well as provide family protection and personal liability coverage.

Masterpiece features superior levels of cover and service that will not only protect individuals’ possessions, but also preserve their standard of living. In the event of a claim, individuals can trust Chubb’s strong track record of award-winning service. With dedicated claims specialists who have strong technical knowledge, claims are proactively handled with empathy, flexibility and a sense of urgency to minimise the impact of a loss.

Policy highlights include:

  • complimentary home appraisal (where appropriate) providing protection from underinsurance;
  • cash settlement option, letting the client choose;
  • replacement cost on contents; and,
  • clients’ choice of contractors or craftsmen to repair their home or possessions.

Andrew Brooks, Chubb’s Country President for New Zealand, said: "Chubb has been insuring fine homes and valuables globally for over 50 years, and we understand that high-net-worth individuals need more than off-the-shelf coverage."

"Masterpiece has been crafted by Chubb and combines our proven expertise in providing insurance that protects high-value assets with our outstanding claims service. New Zealand is a sizable high-net-worth market and Auckland ranks in the top 40 high-net-worth cities worldwide*. There is currently no product available for New Zealand homeowners the broad cover offered via Chubb Masterpiece. The launch of Masterpiece ushers in a significant milestone for Chubb in New Zealand, and we are delighted to bring it to market."

For more information, visit https://www2.chubb.com/nz-en/personal/high-net-worth-insurance.aspx 

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 defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial 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 offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.

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

Media contact

Robin Moore: +61 2 9335-3343; robin.moore@chubb.com

Chubb Insurance New Zealand Limited

CU 1-3, Shed 24 Princes Wharf

Auckland 1010

New Zealand


print email rss