ARAG to enhance insurer's High Net Worth range
High net worth specialist insurer Chubb Insurance has selected ARAG as its new legal expenses provider for its mid, high and ultra net worth products with effect from 1 January 2009.
The new arrangement will provide Chubb policyholders with enhanced protection, which is far higher than that currently available in either the standard or high net worth household markets. The additional benefits and cover will apply to holders of Chubb’s Initial (mid net worth), Masterpiece (high net worth) and Signature (ultra net worth) products.
All of the products will benefit from bespoke claims handling, wider identity theft protection, home emergency insurance and for Signature policyholders there is additional cover for defamation and an increased limit of £500,000.
Simon Mobey, personal lines manager for UK & Ireland at Chubb said: “We have been pioneering market-leading protection for the high net worth market for many years now and we understand their needs better than anyone. Apart from first class protection which caters for their unique lifestyles, exceptional service is an absolute prerequisite and so it is critical that our partners are able to over deliver in every element of their proposition.
“With the recent relaunch of our range to ensure our clients are getting unsurpassed protection, it was time to raise the stakes with regards to our legal expenses provision. We knew ARAG could meet this challenge and have provided us with product and service solutions not seen before in the market.”
Sales manager at ARAG, Andy Talbot added: “We are delighted to add another major insurer name to our growing list of corporate partners. The Chubb tender was demanding as the focus was on staying ahead of the market in an increasingly competitive environment; this is exactly the type of challenge we relish as it aligns with our approach to product and service provision.
"Our commitment to total customer satisfaction mirrors that of Chubb and so we look forward to working together to add unique value to the discerning high net worth market.”
