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Chubb Limited (CB) - $25 value - yours FREE >>
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Chubb Limited (CB) - $25 value - yours FREE >>
Aspira Women's Health Inc. (AWH) - $25 value - yours FREE >>
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Chubb's (CB) Affiliate Boosts Services, Expands Operations
A unit of Chubb Limited (CB - Free Report) , Westchester, is geared up to expand its service offerings. The company will now offer wholesale property, casualty and specialty small business insurance coverage to restaurants, retail businesses, lessor's risk only, concessionaires and caterers, fitness centers and personal improvement/enrichment schools.
In keeping with the business expansion, the company will add nine new eligible classes to its existing Retail business coverage along with providing insurance coverage to restaurants that generate up to $6 million in annual sales. The company will also cover off-premises caterers, concessionaire operations, and fitness centers with up to $6 million in annual sales. Westchester’s expansion includes provision of coverage for more than 30 different types of schools as well as lessor with restaurant tenants with commercial cooking and parking exposures.
The aforesaid initiatives by the company are likely to leverage its underwriting expertise in small business and offer customized property, casualty and specialty insurance to the same.
Westchester is one of the largest and most diversified excess and surplus lines commercial property and casualty insurance companies in the United States. The recent business expansion to serve new industries will further enable Westchester capitalize on the opportunities and ramp up its growth profile.
With Westchester’s initiatives to expand its coverage into new market, Chubb stands to benefit from expanded capabilities, huge diversity and a product mix.
CHUBB LTD Price
CHUBB LTD Price | CHUBB LTD Quote
Zacks Rank and Stocks to Consider
Currently, Chubb Limited carries a Zacks Rank #4 (Sell). Some better-ranked stocks in property and casualty are Allied World Assurance Company Holdings, AG (AWH - Free Report) , Argo Group International Holdings, Ltd. and NMI Holdings, Inc. (NMIH - Free Report) . Each of these stocks sports a Zacks Rank #1 (Strong Buy).
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