Chubb Affiliate Unveils Three Industry Practices; Stock Up
Zacks Investment Research | Sep 27, 2016 11:37PM ET
Shares of Chubb Limited (NYSE:CB) gained 0.8% in the last trading session as its risk management solutions division, ESIS, Inc., launched three new industry practices for life sciences, real estate and hospitality, and staffing firms. The main objective of ESIS is to offer clients a more sophisticated and superior level of expertise and drive outstanding claim outcomes
These three practices will be part of ESIS’ Global, Healthcare, and Construction Industry Practices, and collectively provide customized claims and risk management solutions. These practices have been developed for providing access to experts and specialized product offerings to clients in each field. Hence, these practices are expected to provide an unparalleled risk management platform to boost results.
ESIS’ Life Sciences and Real Estate and Hospitality Industry Practices will be substantially value accretive to Chubb’s practices. Further, these will facilitate ESIS in the provision of an enhanced suite of services.
The Life Sciences Industry Practice will focus on offering all-inclusive risk management and claims solutions. The services offered will be beneficial for traditional healthcare organizations, pharmaceutical companies, medical appliance manufacturers, as well as the sub-industries.
The Real Estate and Hospitality Industry Practice will provide deep industry knowledge and experience, necessary for efficient management of complex claims. This practice will be offered to real estate owners, property managers, and hospitality clients.
The Staffing Industry Practice will offer customized risk management programs to help clients safeguard their business and employees.
With the addition of the three new industry practices, Chubb will move one step closer to becoming the leader in the property and casualty (P&C) space. We also believe that this strategic move will drive long-term growth for the P&C insurer.
Currently, Chubb carries a Zacks Rank #4 (Sell).
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