Chubb to offer hull insurance
The Chubb Group of Insurance Cos. said it will begin writing international hull insurance.
“Chubb has been insuring ocean cargo since our founding in 1882 along New York City’s seaport. Our 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,” said Rich Soja, global manager, Chubb Marine Underwriters.
Chubb said the move follows its recent appointment of two veteran hull underwriters in London who will review submissions from Chubb’s “box” at Lloyd’s of London.
Chubb said it will continue to provide insurance through its global branch network for ocean cargo, marine liability and an entire suite of inland marine products.