Chubb Adds International Hull Insurance to Its Marine Offerings

The Chubb Group of Insurance Companies has expanded its marine offerings with the addition of international hull insurance.

“The move follows Chubb’s recent appointment of two veteran hull underwriters in London,” said the announcement. “The underwriters will review submissions on a worldwide basis from Chubb’s box at Lloyd’s of London. Chubb will continue to provide insurance through its global branch network for ocean cargo, marine liability and an entire suite of inland marine products.”

Rich Soja, global manager, Chubb Marine Underwriters, pointed out that the coverage isn’t a new product, as Chubb has been “insuring ocean cargo since our founding in 1882 along New York City’s seaport.”

He indicated that the expansion “into hull insurance rounds out our marine portfolio at a time when world trade is booming. We can now bring a full complement of marine products to the international insurance marketplace.”

Source: Chubb Corp. – www.chubb.com