Chubb Launches Enhanced Cargo Insurance in Hong Kong and Taiwan

HONG KONG, CHINA – Media OutReach�- 24 October
2018 - Chubb
announced today the launch of its enhanced cargo insurance
product targeting importers and exporters in Hong Kong and Taiwan. 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 USD1,000,000
• 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. Stanley Wong, Country President for Chubb’s general insurance operations
in Hong Kong and Taiwan, “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^SM 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 Hong
Kong and Taiwan.”

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^SM, please visit https://www.chubb.com/hk-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. 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.