Chubb Enhances D&O and Fiduciary Insurance Offerings to Address Changing Liability Exposures

Rhea-AI Summary

Chubb has improved its Directors & Officers (D&O) and Entity Securities Liability Insurance, along with its Fiduciary Liability insurance, to better serve companies facing management liability risks. The enhancements include customizable policy endorsements that cater to unique company needs globally. The new Fiduciary Liability policy adds sought-after features like settlor coverage and pre-claim investigation coverage, providing robust protection in a litigious environment. These updates underline Chubb's commitment to addressing evolving corporate risk exposures.

Positive

• Enhanced D&O and Fiduciary Liability insurance offerings improve risk management for companies.
• Customizable policy endorsements allow tailored coverage for varying corporate needs.
• Introduction of sought-after policy features improves overall protection for fiduciaries.

Negative

• None.

Offering provides expanded flexibility, control and protection for corporate directors and officers and fiduciaries 

WHITEHOUSE STATION, N.J., Dec. 22, 2020 /PRNewswire/ -- Chubb has enhanced its Directors & Officers and Entity Securities Liability as well as its Fiduciary Liability primary insurance offerings. These improvements are designed to help companies confronted with a range of management liability risks and reinforces Chubb's commitment to providing solutions that address a myriad of exposures that could potentially impact a company's bottom line.

"In today's complex legal and regulatory environment, publicly traded companies are looking for broader D&O protection options," said Tony Galban, Senior Vice President, D&O Product Liability Manager, Chubb North America Financial Lines. "Our updated offering brings new levels of flexibility and customization with a comprehensive suite of policy endorsements that can be tailored to fit a company's unique needs on a global basis."

Where the D&O offering has been designed to be highly customizable, The Chubb Primary^SM Fiduciary Liability Insurance policy incorporates numerous sought after policy terms and coverages, such as settlor and pre-claim investigation coverage, along with several other new-to-market features, that provides optimal coverage enhancements.  Furthermore, the new policy form enables more customer flexibility and control in choosing how and when to use their coverage.

Alison Martin, Senior Vice President, Fiduciary Liability Product Manager, Chubb North America Financial Lines, said, "Fiduciaries of employee benefit plans are increasingly being held accountable for perceived issues in operating and administrating their plans. Our new, expansive and innovative Fiduciary offering helps protect companies of all sizes against an increasingly litigious business environment."

For more information on The Chubb Primary^SM D&O and Entity Securities Liability Insurance for Publicly Traded Companies, visit: https://www.chubb.com/us-en/business-insurance/the-chubb-primarySM-directors-and-officers-and-entity-liability-insurance.html.

For more information on The Chubb Primary^SM Fiduciary Liability Insurance, visit https://www.chubb.com/us-en/business-insurance/the-chubb-primary-sm-fidiciary-liability-insurance.html.

About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 33,000 people worldwide. Additional information can be found at: www.chubb.com.

Chubb Insurance Company of Canada has offices in Toronto, Calgary, Montreal and Vancouver and provides its products and services through licensed insurance brokers across Canada. For additional information, visit: chubb.com/ca.

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SOURCE Chubb

FAQ

What enhancements has Chubb made to its D&O and Fiduciary Liability Insurance?

Chubb has improved its D&O and Fiduciary Liability insurance by offering more customizable policy endorsements and added features like settlor and pre-claim investigation coverage.

How does the new Fiduciary Liability Insurance benefit companies?

The updated Fiduciary Liability Insurance provides companies with enhanced protection against increasing legal and administrative liabilities.

What is the significance of Chubb's updated insurance offerings for publicly traded companies?

The enhanced offerings are significant as they address the complex legal and regulatory environment faced by publicly traded companies, allowing better management of liability risks.

When was Chubb's insurance enhancement announcement made?

The announcement regarding Chubb's insurance enhancements was made on December 22, 2020.

What is the stock symbol for Chubb?

Chubb's stock symbol is CB.