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Contract Frustration
Any broken contract can be devastating, but one with a company in an emerging market could result in job layoffs or bankruptcy.
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Wrongful Calling of Guarantee
A company operating in emerging markets is at risk of a foreign government arbitrarily calling any bond. Chubb knows how to
protect these assets.
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Confiscation, Expropriation, Nationalization
Chubb Commercial Insurance
Companies that buy from vendors or sell to clients in emerging markets (those outside the United States, Canada and Western
Europe) are exposed to a variety of risks. Chubb’s Confiscation, Expropriation, Nationalization (CEN) insurance is designed
to protect companies against the loss of an investment or asset due to a wide range of circumstances, including:
- Confiscation, expropriation, and nationalization of assets
- Willful destruction of assets
- Passage of new laws that make the business environment unfriendly for foreign investors
- Loss of permanent or mobile investment/assets due to acts of government
- Currency inconvertibility or transfer
- Political violence (including war and terrorism)
- Deprivation
- Forced abandonment
- Forced project relocation
- Forced divestiture
- Selective discrimination
- Third party blockade
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Many companies can benefit from Chubb’s CEN insurance, including manufacturers, financial institutions, energy companies and
contractors.
When is CEN insurance necessary? Consider the following scenario:
A chip manufacturer establishes a plant facility with a local joint venture partner in an emerging market. Following a dispute
with the local partner, the manufacturer’s plant is raided by local police and government agents. As a result, critical customer
information is destroyed, the office is severely damaged and valuable equipment is confiscated. CEN insurance would respond
to this loss.
Service and Strength
At Chubb, we deliver more than solid insurance products. We support our customers through our renowned services, extensive
global network and financial strength.
Chubb's reputation for outstanding service is built on a consistent track record of performance by its global network of loss
control and claim professionals. Should a loss occur, our exceptional claim service is available anytime/anywhere in more
than 140 languages through a toll-free number or via the Internet.
Our financial strength continues to earn high ratings from A.M. Best, Standard & Poor’s and Moody’s, leading evaluators of
insurance companies. Financial strength, combined with our underwriting expertise and claim service, means you can count on
Chubb to be there when you need us most.
Additional Information
Confiscation, Expropriation, Nationalization Insurance
For more information about Chubb’s Confiscation, Expropriation, Nationalization insurance, contact your insurance agent or
broker, or write to
cci-marketing@chubb.com.
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