Chubb, the general insurance provider, has introduced exclusively quoted high net worth business for house or motor cover, for premiums of a...

Chubb, the general insurance provider, has introduced exclusively quoted high net worth business for house or motor cover, for premiums of at least £10,000 ($18,732). Exclusive quotes from Chubb's Masterpiece Signature business involve a three-way partnership between the client or risk manager, the broker and a Chubb underwriter, whereby the three parties meet personally to discuss the risk and cover in detail. Chubb said it wins 90 per cent of its business through personal meetings and has been prompted to expand its HNW distribution because of changes in the market place. It said there is an increased demand for high value exclusive quotes and it is pushing a broker philosophy that goes beyond simply phoning around insurers looking for the cheapest quote.