New Products

Chubb Pushes HNW Insurance Partnerships

Ian Allison, 1 June 2006

articleimage

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.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes