Package Insurance Policy Created for Apartment, Co-op and Condo Risks
WARREN, NJ, June 21, 2011 -- A new commercial multi-peril package policy from the Chubb Group of Insurance Companies will provide apartment building owners
and co-op and condominium associations with a package of property, casualty, workers compensation, automobile and umbrella
liability insurance coverages.
Agents and brokers can access MarketEdgeTM for Habitational Real Estate through Metro Insurance Services, which will manage all underwriting and policy servicing. The
insurance package is available in Delaware, Maryland, New Jersey, New York, Ohio and Pennsylvania. It will be rolled out in
other states throughout 2011.
"MarketEdge for Habitational Real Estate offers customers best-in-class insurance protection, superior service and unparalleled
financial strength,” said Franklin Sanders, senior vice president and manager of program business for Chubb Custom Market.
”The new MarketEdge policy, combined with an electronic platform that lets us rate, quote and issue a policy, creates an ease
of doing business with producers,” said Steven Gross, chairman, president and chief executive officer for Metro.
About Chubb Custom Market
Chubb Custom Market, Inc., a wholly-owned subsidiary of The Chubb Corporation, develops and markets a broad range of specialized
admitted and non-admitted insurance coverages and programs on behalf of members of the Chubb Group of Insurance Companies.
In addition to general casualty, property, excess liability, environmental and inland marine coverages tailored to the needs
of a variety of customers, Chubb Custom Market specializes in insuring energy, entertainment, life sciences and recreational
marine risks. The unit's products are written on a retail or wholesale basis through program managers and other Chubb-appointed
agents and brokers.
The member insurers of the Chubb Group of Insurance Companies form a multi-billion dollar organization providing property
and casualty insurance for personal and commercial customers worldwide through 8,500 independent agents and brokers. Chubb's
global network includes branches and affiliates in North America, Europe, Latin America, Asia and Australia.
Metro Insurance Services, Inc., established in 1983, is a full-service program manager serving the needs of habitational real
estate throughout the United States. It offers an array of property and casualty solutions through both retail and wholesale
brokers. Metro Insurance Services is located in Springfield, NJ. For more information, contact Steven Gross at 973-467-4467,
ext. 102, or by email at email@example.com or visit their website at www.metroins.com.