It’s been 20 years since Chubb launched its high net worth Masterpiece product in the UK. Following initial success in the US, the household product was introduced in the UK in 1996, followed three years later by Chubb Masterpiece Motor, which quickly became the benchmark for fine motor insurance in the UK.
Meanwhile in Ireland, the Masterpiece household proposition was launched in 1998. Motor was introduced to the market later in 2006.
Since its launch, Chubb’s high net worth proposition has gone from strength to strength. The Masterpiece portfolio represents quality and precision craftsmanship. Our clients enjoy market-leading coverage backed by one of the markets most comprehensive appraisal services and award-winning claims expertise.
In 2000, Chubb won its first award for ‘Best Claims Service’; the first of many awards, including ‘Best Personal Lines Insurer’ in 2012 and ‘Best High Net Worth Insurer’ in 2015.
In 2002, Chubb introduced Masterpiece Signature, designed to bring the ultimate in stress-free service to the ultra-high net worth market. This was quickly followed up in 2004 with Masterpiece Initial, created for emerging wealth clients, thus completing a range of tailored solutions for high net worth individuals.
And more recently in 2016, we launched Diminution in Value cover, a first in the market and a unique solution to help our clients rest easy knowing the value of their classic car will be covered following a repair.
It’s been a challenging, yet exciting few years and as summer gradually turns to autumn and we move to the end of 2016, I wanted to take this opportunity to thank all our broker partners for their support.
We look forward to working with you as we move into the next 20 years.
Jeremy Miles - Senior Vice President Personal Risk Services Europe