LONDON, UK / ACCESSWIRE / October 9, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Chubb Ltd (NYSE: CB), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=CB. The Company announced on October 06, 2017, a partnership with Starhub, an integrated info-communications Company in Singapore, concerning the launch of a new product named HomeInsured. Chubb is currently the world's largest publicly traded property and casualty insurance Company, operating in over 54 countries. HomeInsured is a complimentary 12-month insurance plan which offers coverage for renovations, fixtures, fittings, and home content for Starhub's customers. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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The Announcement

Chubb stated that according to the Singapore Civil Defence Force's Fire Incident Statistics for 2016, there are seven cases of residential fire in Singapore each day. Additionally, a joint survey was conducted with Starhub which revealed that 6 in 10 customers do not hold any home contents insurance. According to the Company, subject to the case that any unfortunate event or fire occurs at the home, some Starhub subscribers may not be adequately protected or financially secured.

Chubb Insurance Singapore Ltd, via acquisitions by the predecessor Companies, has been present in the nation since 1948. The Company in Singapore delivers risk management and underwriting expertise for all major classes of general insurance. The Company is one of the leading providers of Accident & Health Insurance by means of direct marketing, where through partnerships with financial institutions and other Companies, it delivers individual policies for clients and employees.

Chubb views this agreement as a step to deliver relevant protection for its customers. Owing to the lack of awareness in home contents insurance in Singapore, the Company finds this opportunity complementary to its business to partner with Starhub so as to offer their combined customers, complimentary home contents insurance when they sign up for or re-contract on any Starhub product offerings, including Home Broadband, TV and/or HomeHub service. The Company stated that the HomeInsured starter pack is better than the conventional fire insurance policies on the terms that it not only covers the structure and permanent fixtures but it also delivers assured safety by being Chubb insured.

Company Growth Prospects

Chubb recently announced on September 28, 2017, that it entered into a 15-year agreement with DBS Bank, the largest banking group in Southeast Asia. Under the terms of the agreement, Chubb stated that it would distribute general insurance products on an exclusive or preferred basis through multiple DBS banking channels, including in-branch and various direct marketing channels. DBS is a leading financial services group in Asia that offers consumer banking, wealth management, and commercial banking for small and medium-sized enterprises (SMEs).

Chubb viewed this agreement as a long-term opportunity to partner with one of the most respected franchises in Asia, where DBS' full-fledged access to a large customer base broadens and deepens Chubb's significant presence in the region. The partnership covers over 5 markets in Asia, including Singapore enterprises, as well as coverages for home, contents, and selected personal accident and supplemental health insurance products, which according to the agreement, would be distributed on an exclusive basis.

Last Close Stock Review

Chubb's share price finished last Friday's trading session at $146.15, slightly advancing 0.30%. A total volume of 1.14 million shares have exchanged hands. The Company's stock price rallied 0.60% in the last three months, 6.31% in the past six months, and 19.91% in the previous twelve months. Additionally, the stock surged 10.62% since the start of the year. Shares of the Company have a PE ratio of 12.85 and have a dividend yield of 1.94%. The stock currently has a market cap of $68.40 billion.

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