Chubb Launches Enhanced Cargo Insurance in China

SHANGHAI,
CHINA -�Media OutReach - 24 October 2018 – Chubb announced today the launch of its enhanced cargo insurance
product targeting importers and exporters in China. Called Chubb Cargo Plus^SM,
it offers broad coverage for both international and domestic cargo movements.

 

Through Chubb Cargo
Plus, customers will enjoy additional benefits for local cargo transportation
and wider cover for international cargo movements compared with a conventional
cargo insurance policy. The major benefits* of Chubb’s enhanced cargo insurance
include:

 

• Debris removal options
  up to USD1 million
• Exhibition and
  display cover of up to USD250,000
• Air freight
  replacement for imports up to USD100,000
• Tools of trade
  cover of up to USD25,000
• Resecuring costs
  and expenses cover of up to USD5,000

 

In addition, customers will have
access to CargoAdvantage^®, Chubb’s award-winning web-based system which provides a cargo insurance
certificate for an international shipment within minutes.

According to Mr. Kevin Bogardus, Chubb’s
Country President for China, “With over 200 years of experience in the marine
industry, Chubb has established a reputation for integrity, innovation, and
expertise. Today, we build on our tradition of excellence and deep industry
knowledge to create market-leading solutions, backed by a strong commitment to
our clients. The launch of the enhanced Chubb Cargo Plus bears testament to our dedication to meet the evolving needs of our
customers in a region which offers a myraid of opportunities to grow our Marine
portfolio in China.”

According to Mr. Anthony O’Brien, Regional Head of Marine for Chubb in Asia Pacific, “Customers expect excellent
service and innovation which Chubb is committed to deliver since we are
dedicated to superior underwriting and risk management services. Our robust CargoAdvantage
system makes cargo insurance transactions frictionless for our customers. This
is backed by our worldwide network of claims professionals, recognised for
their efficient claims handling and expertise to assist our customers when the
need arises.” 

 

For more information about Chubb Cargo Plus, please visit http://www.chubb.com.cn/cn-en/business/cargo-plus.aspx.

 

*Product
highlights are summaries only. Please see the actual policy for terms,
conditions and exclusions.

About Chubb

Chubb is the world’s largest publicly traded property
and casualty insurance company by market capitalization. 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. 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.

In 1994, Chubb set up its
first representative office in China. A branch company was subsequently
established in 2000 in Shanghai, which was converted to a wholly owned
subsidiary upon the approval of the China Insurance Regulatory Commission. The
company currently has operations in Beijing, Shanghai, Jiangsu and Guangdong
provinces, with plans to commence operations in other regions in the near
future. Additional information can be found at: www.chubb.com.cn.