Chubb (CB) Unveils Marine Service Capabilities in China

A generic image of a stock chart
Credit: Shutterstock photo

Chubb LimitedCB recently introduced its marine service capabilities in China. The new product will cover a wide range of specialized insurance solutions, tailor made to meet the needs of importers, exporters and transport operators.

The aforementioned service capabilities will be available to the local insurance community, comprising marine brokers and industry practitioners.

In the wake of globalization, the trading and shipping industry in China requires specialized and customized marine insurance solutions. Global risk management support and broader protection are necessary for exporters and importers as well. Also, in order to provide full value protection to shippers, multimodal transport operators require web-based cargo insurance, along with special arrangements for designated contracts or increased indemnities.

With the launch of these marine service capabilities, the China team at Chubb will now be able to provide an all-inclusive multimodal freight liability product, coupled with web-based and customized solutions pertaining to cargo insurance.

Being one of the biggest cargo and marine hull insurance markets in the world, China has a very important role to play in the global marine insurance market. Marine insurance has solid potential for growth, locally, owing to consistent overseas investment growth, displayed by Chinese enterprises and the government's 'One Belt, One Road' initiative.

Chubb's in-depth underwriting experience in marine insurance and local market expertise will allow the property and casualty insurer to offer customized insurance solutions and risk management services to clients looking for a trustworthy partner.

Shipment insurance for higher volume and lower value deliveries and improved annual cargo insurance product for domestic and international shippers are some of the varied marine service capabilities offered by Chubb.

Chubb has been taking strategic initiatives to drive growth. To that end, last month, the insurer unveiled its Cyber Enterprise Risk Management (ERM) solution in the Asia Pacific region.



Zacks Rank and Stocks to Consider

Currently, Chubb carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the same space include Allied World Assurance Company Holdings, AG AWH , National Interstate Corporation NATL and NMI Holdings, Inc. NMIH . Each of these stocks sports a Zacks Rank #1 (Strong Buy).

Confidential from Zacks

Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>

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

CHUBB LTD (CB): Free Stock Analysis Report

NATL INTERST CP (NATL): Free Stock Analysis Report

ALLIED WORLD AS (AWH): Free Stock Analysis Report

NMI HOLDINGS-A (NMIH): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

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


Other Topics


Latest Markets Videos


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

Learn More