Markets

Chubb (CB) Announces Global Cyber Facility Suite Expansion

Chubb LimitedCB recently expanded its Global Cyber Facility, which offers up to $100 million in capacity, with the enhancement of multiline cyber peril endorsements. The new cyber suite will assist risk managers in identifying exposure gaps in their insurance portfolios, which in turn, will enable them to confidently address the concerns of their C-Suite and Board.

Risk managers and chief information security officers are set to benefit from the newly introduced cyber suite as it will help them to fully understand the total cyber risk of their organization.

Chubb remains focused on ensuring that its clients and brokers receive necessary insurance products and services. Based on feedback from such clients regarding concerns about gaps in insurance portfolio, the property and casualty (P&C) insurer has created a detailed road map of loss scenarios to assess these gaps within the marketplace with respect to cyber, property and casualty policies. The assessment resulted in the formation of the Global Cyber Facility Property and Casualty Endorsements. The clients can customize these endorsements to overcome the shortcomings of their specific policy portfolio.

The P&C insurer's Chubb Global Cyber Facility was launched in 2015. This comprises sophisticated enterprise-wide solution that not only allows companies to identify cyber breaches but also offers access to post breach services and integration of loss control services to mitigate losses.

We believe that these initiatives will continue to boost the company's cyber insurance portfolio, which has immense room for growth.

Since the release of fourth-quarter 2016 earnings, Chubb shares gained 1.89%, outperforming the Zacks categorized Property and Casualty industry's growth of 1.51%. Substantial improvement in the bottom line drove the outperformance. Robust premium and investment income performance were particularly responsible for the upside. Further, we expect the P&C insurer's strategic initiatives to accelerate growth, which in turn, will drive shares higher.

Stocks to Consider

Some better-ranked stocks from the same space include American Financial Group, Inc. AFG , Everest Re Group, Ltd. RE and Selective Insurance Group, Inc. SIGI . Each of these stocks sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

American Financial offers P&C insurance products in the United States. The company delivered positive surprises in three of the last four quarters with an average beat of 6.45%.

Everest Re offers reinsurance and insurance products. The company delivered positive surprises in three of the last four quarters with an average beat of 43.49%.

Selective Insurance provides insurance products and services in the United States. The company delivered a positive surprise in one of the last four quarters, but with an average negative surprise of 4.53%.

Zacks' Top Investment Ideas for Long-Term Profit

How would you like to see our best recommendations to help you find today's most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

D/B/A Chubb Limited New (CB): Free Stock Analysis Report

Everest Re Group, Ltd. (RE): Free Stock Analysis Report

American Financial Group, Inc. (AFG): Free Stock Analysis Report

Selective Insurance Group, Inc. (SIGI): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

SIGI CB AFG RE

Other Topics

Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More