SHANGHAI,CHINA - Media OutReach - 24 October 2018 - Chubb announced today the launch of its enhanced cargo insuranceproduct targeting importers and exporters in China. Called Chubb Cargo Plus^SM,it offers broad coverage for both international and domestic cargo movements.

Through Chubb CargoPlus, customers will enjoy additional benefits for local cargo transportationand wider cover for international cargo movements compared with a conventionalcargo insurance policy. The major benefits* of Chubb's enhanced cargo insuranceinclude:

• Debris removal optionsup to USD1 million
• Exhibition anddisplay cover of up to USD250,000
• Air freightreplacement for imports up to USD100,000
• Tools of tradecover of up to USD25,000
• Resecuring costsand expenses cover of up to USD5,000

In addition, customers will haveaccess to CargoAdvantage^®, Chubb's award-winning web-based system which provides a cargo insurancecertificate for an international shipment within minutes.

According to Mr. Kevin Bogardus, Chubb'sCountry President for China, "With over 200 years of experience in the marineindustry, Chubb has established a reputation for integrity, innovation, andexpertise. Today, we build on our tradition of excellence and deep industryknowledge to create market-leading solutions, backed by a strong commitment toour clients. The launch of the enhanced Chubb Cargo Plus bears testament to our dedication to meet the evolving needs of ourcustomers in a region which offers a myraid of opportunities to grow our Marineportfolio in China."

According to Mr. Anthony O'Brien, Regional Head of Marine for Chubb in Asia Pacific, "Customers expect excellentservice and innovation which Chubb is committed to deliver since we arededicated to superior underwriting and risk management services. Our robust CargoAdvantagesystem makes cargo insurance transactions frictionless for our customers. Thisis backed by our worldwide network of claims professionals, recognised fortheir efficient claims handling and expertise to assist our customers when theneed arises." 

For more information about Chubb Cargo Plus, please visit https://www.chubb.com.cn/cn-en/business/cargo-plus.aspx.

*Producthighlights are summaries only. Please see the actual policy for terms,conditions and exclusions.

About Chubb

Chubb is the world's largest publicly traded propertyand casualty insurance company by market capitalization. With operations in 54countries and territories, Chubb provides commercial and personal property andcasualty insurance, personal accident and supplemental health insurance,reinsurance and life insurance to a diverse group of clients. As anunderwriting company, we assess, assume and manage risk with insight anddiscipline. We service and pay our claims fairly and promptly. The company isalso defined by its extensive product and service offerings, broad distributioncapabilities, 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 executiveoffices in Zurich, New York, London and other locations, and employsapproximately 31,000 people worldwide.

In 1994, Chubb set up itsfirst representative office in China. A branch company was subsequentlyestablished in 2000 in Shanghai, which was converted to a wholly ownedsubsidiary upon the approval of the China Insurance Regulatory Commission. Thecompany currently has operations in Beijing, Shanghai, Jiangsu and Guangdongprovinces, with plans to commence operations in other regions in the nearfuture. Additional information can be found at: www.chubb.com.cn.