Chubb Expands Unit to Meet Growing Multinational Risks
Agents and Customers to Benefit from Integration of Specialty Insurance Products
WARREN, NJ. - Responding to global market and regulatory trends, the Chubb Group of Insurance Companies has expanded its multinational insurance group to encompass both Chubb’s standard property/casualty products and specialty insurance such as directors and officers liability insurance. With teams of dedicated employees located around the globe, Chubb’s Multinational Risk Group is now organized to provide customer-centric solutions that cross product lines and geographic boundaries.
“Multinationals face a host of complex and changing exposures, and we see those challenges extending to directors and officers and other executive liability insurance lines,” said Kathleen S. Ellis, senior vice president of Chubb & Son and Multinational Risk Group manager. “We know our agents, brokers and customers can’t afford to experience lengthy waits for local policies or make multiple contacts for one insurance program. By addressing the entire commercial insurance spectrum for multinational customers within one unit, we can make the process as easy and efficient as possible.”
The Multinational Risk Group works through Chubb’s international network of branches, affiliates and correspondent brokers to coordinate underwriting, claims and loss control for multinational customers. The group facilitates the placement of underlying insurance in local markets and the coordination of controlled master programs, which include difference-in-conditions and difference-in-limits insurance that provides consistency in scope of insurance and service for a business’ operations worldwide. It can also help agents and brokers forge relationships with correspondent brokers in the markets in which their customers require the placement of locally admitted insurance policies.
The 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 worldwide through 8,500 independent agents and brokers. Chubb’s global network includes branches and affiliates in North America, Europe, Latin America, Asia and Australia.
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