Risk Management Services

Sophisticated underwriting, loss control and claim services coordination for large accounts

Chubb's dedicated risk management specialists provide tailored insurance solutions, such as creative collateral options and flexible client services, using the full range of Chubb products, including alternative risk financing mechanisms and global programme design.

Programme highlights

• Captive programmes
• Large deductible programmes
• Retrospective rating programmes
• Self-insured retention programmes
• Multi-year, multi-line programmes
• Protected cell company - Foundation Reinsurance (PCC) Ltd

Whom do we cover?

• Life sciences
• Brewers, bottlers, beverage distributors
• Retail/franchise networks
• Food processors
• Services (consultants, lawyers, etc)
• Industrial manufacturers
• Technology firms
• Leisure and entertainment
• Wholesalers

Key covers

• Broad form general liability
• Products liability
• Errors and omissions
• Directors and officers liability
• Employment practices liability
• "All risks" property
• Business interruption
• Machinery breakdown
• Surety bonds and guarantees
• Marine cargo

Captive programmes

Structured as either a direct writing company or a reinsurance company, captives have become an integral part of many organisations' plans to manage their risk effectively. Traditionally established to retain low severity, high frequency liability and property coverages, they now often include more difficult-to-insure exposures such as credit and environmental risks.

Large deductible programmes

Many organisations do not have the size or desire to warrant establishing a captive but wish to enjoy the benefits of risk-sharing. In this case, we can use a deductible programme where policies are written from first dollar and claims recovered from the client periodically. This allows for risk transfer only of catastrophic exposures, whilst ensuring that any locally admitted policies deal with all claims.

Retrospective rating programmes

This approach allows clients to benefit from risk-sharing where an historic experience may not be reflective of the future. The retro programme is a formula for recovery of claims on a retrospective basis, usually with a minimum and maximum and an expense cost built in. The premium charged is reflective only of catastrophe risk and the retro rating allows the client to benefit from an improving loss trend.

Self-insured retention programmes

Like deductible programmes, these programmes additionally give greater flexibility to clients by devolving responsibility for the self-insured retention to the client. This is particularly useful where the client may have complex or sensitive commercial relationships and wishes to handle claims themselves.

Multi-year, multi-line programmes

Prevent potential gaps in cover by bringing together a number of coverages into one contract. The multi-year structure provides some measure of certainty and stability. Other benefits include limit blending and unbundling of servicing cost from risk transfer cost.

Protected cell company

Chubb has established its own protected cell company, Foundation Reinsurance (PCC) Ltd, for our clients to retain traditional insurance risks and to finance difficult-to-insure exposures. Foundation Re provides 'rent a captive' services, risk financing programmes, captive reinsurance and loss portfolio transfers.

For full details, please contact us at your nearest Chubb branch.