Reinsurance News

Chubb launches new insurance product

24th May 2021 - Author: Katie Baker

Global insurer and reinsurer Chubb has introduced a new insurance product, Benchmarq Package, for the lower middle market segment.

ChubbBenchmarq includes an expanded base coverage offering in both property and liability, resulting in insurance protection that is more inclusive than the typical industry package policies.

While Benchmarq’s base offering is optimal for smaller or less complex package risks, coverage can also scale up through higher limits and additional endorsements to create fully customised solutions for clients’ unique and evolving needs in an underserved middle market space.

Ben Rockwell, Division President, Chubb Middle Market commented: “Benchmarq helps to fill a gap in the lower middle market space that isn’t typically served by either a traditional package or business owners insurance policy.”

“Chubb’s new modernised package extends our reach within the middle market, and enables us to deliver the renowned insurance services and offerings we’ve become known for to an even broader range of clients, at a time when exposures in this space continue to emerge.


“We believe agents and brokers will benefit from the scalability, faster quoting, and streamlined product design—all backed by Chubb’s specialised underwriting expertise, exceptional risk engineering and claims services, and global reach,” he added.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Aston Lark acquires Veritan Consultants

Insurance brokerage Aston Lark Ireland has acquired Veritan Consultants Limited which trades under Brady Burns & Associates. Brady Burns specialises in...