SYDNEY, November 26, 2024 – Chubb Australia today announced the launch of Chubb Benchmarq® (Benchmarq), a unique industry-tailored insurance offering for mid-size enterprises. Benchmarq is one of the first commercial property and general liability solutions in Australia that has been specifically customised for the manufacturing and real estate (property owners) sectors.
Designed for businesses with revenue or declared values up to AUD $50 million, Benchmarq offers commercial property and broadform liability insurance with automatic cover for industry-specific risks and the ability for businesses to tailor coverage to their evolving needs. The combined solution has been launched for the manufacturing and real estate commercial property sectors, with additional industries launching soon.
Hayden Baker, Chubb's Head of Property and Casualty for Australia and New Zealand, said, “Benchmarq offers businesses a flexible and scalable solution that adapts as their needs change. Its streamlined processes, faster quoting and comprehensive coverage provide brokers and clients with the tools they need to take advantage of growth opportunities as they arise.”
Ben Howell, Chubb's Country President for Australia and New Zealand, said, "Backed by Chubb’s deep underwriting expertise and global capabilities, the launch of Benchmarq aligns with our goal to deliver innovative, sector-specific solutions. Benchmarq not only fills market gaps, it also enables businesses to remain competitive in an increasingly complex risk environment."
Benchmarq is available exclusively through brokers. For more information, please contact your local Chubb representative or visit https://www.chubb.com/au-en/business/benchmarq.html
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About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, 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. The company is 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 employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.