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Chubb (CB) Shores Up Australian Presence With New Policy

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Chubb Limited (CB) recently introduced a new insurance policy for small and medium businesses in Australia. This policy known as Chubb Business Pack Insurance provides broad coverage against property and liability exposures. It aims to protect businessmen from a wide range of risks.

The policy provides coverage against a wide range of risks such as business interruption, property damages, public and products liability, machinery and equipment breakdown, pilferage, money and tax audits. This policy also addresses various cyber risks such as network security, privacy and data asset loss. The environmental protection constituent of the policy is effective in combating sudden, accidental and gradual pollution arising at the insured location.

Chubb Business Pack Insurance caters to small industries across various business lines such as retail, office and professional services, healthcare or medical surgeries, trades and services. These industries constitute 35% of the small and medium enterprises in Australia.  The policy is primarily tailored for Australian businesses with turnover of up to $10 million. This insurance policy is available via broker distribution network, Sunrise Exchange. This E-placement platform enables brokers to quote, bind, bill and issue the policy online in an easy and well-planned manner.

Chubb remains focused on introducing strategic initiatives to accelerate its growth profile. The company has diversified its business into various specialty lines, including marine, medical risk, excess property, environmental and terrorism insurance. This policy should help the company to cater to the specific risks faced by small businesses in Australia, consolidating its presence there. 

Stocks to Consider

Some stocks worth considering from the insurance industry are Atlas Financial Holdings, Inc. AFH, Markel Corporation MKL and Mercury General Corporation MCY.

Atlas Financial Holdings engages in underwriting commercial automobile insurance policies in the United States. The company delivered positive surprises two out of the last four quarters, with an average beat of 57.94%.

Markel Corporation markets and underwrites specialty insurance products in the United States and internationally. The company delivered positive surprises two out of the last four quarters, with an average beat of 21.06%.

Mercury General Corporation engages in writing personal automobile insurance in the United States. The company delivered positive surprises in three of the last four quarters, with an average beat of 1.06%.

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