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Marine Insurance Factsheet

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Marine Insurance Factsheet Marine Insurance We have a long history of tailoring and • Shipment insurance products for offering Marine insurance through our higher volume and lower value predecessor companies: deliveries • Single shipment cargo insurance • Dating back to 1792 with the Insurance • Transport operators freight liability Company of North America, a with cargo protection options predecessor company, insuring the • Truck cargo insurance ship ‘America’ and the cargo for • Web-based system to quote and/or mercantile firm Conyngham, Nesbitt issue cargo insurance & Co in Philadelphia. • Another predecessor company, Chubb We are able to provide high limit & Son, was founded in 1882 as a Marine protection of up to USD25 million for insurance company in New York. any one conveyance, with additional capacity up to USD250 million made Cargo Protection available through other members We draw upon our experienced of Chubb. underwriters to create bespoke solutions for a wide variety of shipping needs. Logistics Solutions We are able to offer logistic companies Our Cargo product is supported by that are licensed under local insurance an in-house risk management team of intermediary regulations or have a specialist surveyors and loss control suitable arrangement via an external advisers together with an experienced licensed intermediary the following: team of claims adjustors. Our areas of focus include: • CargoAdvantage® system, our proprietary and web-based marine • Annual, open and short term insurance quoting and issuing system, cargo insurance for domestic and to quote and issue Marine insurance to international shipments shippers. • Complex, higher hazard, nonstandard • Multimodal freight liability and and unusual cargo risk solutions professional liability insurance cover. • Fine art and valuable goods covers • Marine insurance or extended freight • Marine storage insurance liability for contractual arrangements • Project cargo with optional cover for that require increased limit protection consequential loss and/or wider coverage options. In addition, we are able to work with About Chubb Contact Us ‘brick and mortar’ and web-based retailers and transport operators to Chubb is the world’s largest publicly Australia develop a Shipment insurance cover to traded property and casualty insurance www.chubb.com/au protect their customers against the risk company. With operations in 54 of loss or damage to their offline and countries and territories, Chubb China online purchases. provides commercial and personal www.chubb.com.cn property and casualty insurance, Hull & Specialty personal accident and supplemental Hong Kong SAR In addition to our core cargo products, health insurance, reinsurance and life www.chubb.com/hk we offer, across many countries in the insurance to a diverse group of clients. Asia Pacific region, a broad range of The company is distinguished by its Indonesia covers for vessel owners, managers and extensive product and service offerings, www.chubb.com/id charterers such as hull and machinery, broad distribution capabilities, increased value, war, mortgagees exceptional financial strength, Korea interest, loss of hire, pleasure craft and underwriting excellence, superior www.chubb.com/kr ship builders and conversion insurance. claims handling expertise and local operations globally. Malaysia Marine liability solutions are also www.chubb.com/my available via insurance intermediaries Parent company Chubb Limited is listed for many facets of the marine industry, on the New York Stock Exchange (NYSE: New Zealand including marina operators, port CB) and is a component of the S&P www.chubb.com/nz authorities, ship repairers, stevedores 500 index. Chubb maintains executive and terminal operators. offices in Zurich, New York, London Philippines and other locations, and employs www.chubb.com/ph Fine Art & Specie approximately 31,000 people worldwide. Chubb is one of the global leaders in Singapore designing direct products for fine art & Chubb’s franchise in Asia Pacific www.chubb.com/sg specie individual risks and occupation comprises an extensive network of groups. Across Asia Pacific, our product operations serving Australia, China, Taiwan offerings comprise fine art, jewellery Hong Kong SAR, Indonesia, Korea, www.chubb.com/tw and collections including: dealers, Macao SAR, Malaysia, New Zealand, exhibitions and galleries, jeweller’s Philippines, Singapore, Taiwan, Thailand block insurance, and valuable goods Thailand and Vietnam. www.chubb.com/th (specie) insurance. Vietnam Benefits of partnering with us www.chubb.com/vn • Ability to accommodate high policy limits • CargoAdvantage system • Customised risk management solutions • Established logistics and project cargo practice • Experienced Marine Underwriters • Global and regional leaders in fine art & specie • Long-term focus on client relationships • Tailored multinational programmes • Wide commodity range • Worldwide network of claims professionals Chubb. Insured.SM Important Notes This fact sheet is intended to provide only a general description of the products and associated services offered by the Chubb Group. Any advice in this brochure is general only and does not take into account a potential purchaser’s objectives and financial situation or needs, or the prevailing laws and regulations in the relevant jurisdictions. Please review the relevant Product Disclosure Statement or the QFE Disclosure Statement (where applicable), and the relevant policy wording and consider whether the advice is right for you. Please refer to the full terms, conditions and exclusions of the relevant policy(ies). Coverages are underwritten by one or more companies of the Chubb Group. Not all coverages are available in all countries where the Chubb Group of companies operates. Coverages are subject to licensing requirements and sanctions restrictions. This document is neither an offer nor a solicitation of insurance or reinsurance products. Potential purchasers should contact their local broker or agent for advice. © 2018 Chubb. Chubb® logo and Chubb. Insured.SM are protected trademarks of Chubb. 03/2018.
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