Chubb Insurance Malaysia Berhad has recently been alerted to several Small and Medium Enterprises (“SME”) loan fraud schemes in which several entities are offering loan approvals contingent upon payment of alleged Chubb Insurance Guarantee Bond coverage. The borrower/victim is told that this purported Chubb product/coverage has to be placed through a Malaysian entity. The purported loaning entities as well as the Malaysian intermediaries have no relationship with Chubb Insurance Malaysia Berhad and the coverage/quotes they provide are not valid. Please contact ChubbCompliance.MY@chubb.com if you have any questions or have been victimized by this scheme.
