Description

Established in 1974 and headquartered in Al Khobar, Kingdom of Saudi Arabia, Chubb Arabia Cooperative Insurance Company functions as a property and casualty insurer, serving clients across the Kingdom and globally. Its operations are structured into five key segments: Property, Engineering, Motor, Casualty, and Miscellaneous. The firm's comprehensive property and casualty insurance offerings include coverage for various property risks (such as all-risks, fire and allied perils, business interruption, homeownership, terrorism and sabotage, and burglary), along with general liability, workers' compensation, employer's liability, motor vehicles, plate glass, monetary assets, crime, fidelity guarantees/employee dishonesty, and travel insurance. Furthermore, it delivers specialized engineering insurance solutions, encompassing contractors' and erection all-risk policies, machinery breakdown, business interruption stemming from equipment failures, and protection for computer/electronic data processing systems, as well as machinery, plant, and equipment all-risks coverage. Beyond these, the company extends its portfolio to include marine insurance (for cargo, project cargo with DSU, inland transit, and marine hull), group life and personal accident policies, and an array of financial insurance products. These financial coverages feature bankers' blanket bonds, professional indemnity for financial institutions, civil liability for financial institutions, electronic and computer crime, fraud protection, financial services industry policies, and directors' and officers' liability insurance. Reinsurance services are also provided. Its diverse clientele spans multinational corporations, small to medium-sized businesses, affluent groups, high-net-worth individuals, and other insurers seeking reinsurance solutions.