The Chubb Group announced that it has”expanded its multinational insurance group to encompass both Chubb’s standard P/C products and specialty coverage, such as directors and officers liability insurance.
Chubb added that with additional “dedicated employees” located “around the globe,” its Multinational Risk Group is “now organized to provide customer-centric solutions that cross product lines and geographic boundaries.”
Kathleen S. Ellis, Chubb Sr. VP and Multinational Risk Group manager, explained: “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. “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.”
Chubb described the Multinational Risk Group s working through its “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.”
Source: Chubb Group – www.chubb.com