Shares of Chubb Limited (CB - Free Report) gained 0.8% in the last trading session as its risk management solutions division, ESIS, Inc., launched three new industry practices for life sciences, real estate and hospitality, and staffing firms. The main objective of ESIS is to offer clients a more sophisticated and superior level of expertise and drive outstanding claim outcomes
These three practices will be part of ESIS’ Global, Healthcare, and Construction Industry Practices, and collectively provide customized claims and risk management solutions. These practices have been developed for providing access to experts and specialized product offerings to clients in each field. Hence, these practices are expected to provide an unparalleled risk management platform to boost results.
ESIS’ Life Sciences and Real Estate and Hospitality Industry Practices will be substantially value accretive to Chubb’s practices. Further, these will facilitate ESIS in the provision of an enhanced suite of services.
The Life Sciences Industry Practice will focus on offering all-inclusive risk management and claims solutions. The services offered will be beneficial for traditional healthcare organizations, pharmaceutical companies, medical appliance manufacturers, as well as the sub-industries.
The Real Estate and Hospitality Industry Practice will provide deep industry knowledge and experience, necessary for efficient management of complex claims. This practice will be offered to real estate owners, property managers, and hospitality clients.
The Staffing Industry Practice will offer customized risk management programs to help clients safeguard their business and employees.
With the addition of the three new industry practices, Chubb will move one step closer to becoming the leader in the property and casualty (P&C) space. We also believe that this strategic move will drive long-term growth for the P&C insurer.
Currently, Chubb carries a Zacks Rank #4 (Sell).
Stocks to Consider
Some better-ranked stocks from the same space include National Interstate Corporation , Argo Group International Holdings, Ltd. (AGII - Free Report) and Arch Capital Group Ltd. (ACGL - Free Report) .
National Interstate, a specialty P&C insurer, saw the Zacks Consensus Estimate increasing 7.6% and 7.3% for 2016 and 2017, respectively, over the last 60 days. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Argo Group, another P&C insurer, witnessed the Zacks Consensus Estimate increase 21.6% and 3.1% for 2016 and 2017, respectively, over the last 60 days. The insurer holds a Zacks Rank #2 (Buy).
Arch Capital Group, a P&C insurer, saw the Zacks Consensus Estimate rise 2.9% and 1.4% for 2016 and 2017, respectively, over the last 60 days. The company holds a Zacks Rank #2.
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