New Chubb Whitepaper Underscores Importance of Commercial Real Estate Companies Taking Comprehensive Approach to Risk Management

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Sep 19, 2017, 10:12 ET

WHITEHOUSE STATION, N.J., Sept. 19, 2017 /PRNewswire/ -- Chubb has released a whitepaper titled "Keeping Pace with Evolving Risks in Real Estate," which highlights some of the major risks impacting the real estate industry and underscores the importance of companies within the industry taking a comprehensive approach to risk management.

Chubb's new positioning piece, which was co-authored by Steven Reiss, Executive Vice President, Chubb Real Estate and Hospitality Leader, Kathleen McDonough, Vice President, Chubb Real Estate and Hospitality, and Jay Taylor, Vice President, Chubb Risk Engineering, analyzes six major exposures challenging today's marketplace.

"As the Real Estate Industry evolves it faces a wide variety of risks, some which may be underestimated or unrecognized," said Mr. Reiss. "Having a comprehensive approach to risk management can help companies address and mitigate these challenging exposures."

Contractual liability, cyber security and water damage are only a few of the most critical risks facing today's commercial real estate industry," said Ms. McDonough. "As the real estate industry continues to grow and adapt to changing demographics, companies need to be aware of evolving domestic and global risk factors that could significantly affect the expansion of their portfolios."

The full paper can be read here and includes detail on a range of exposures and how to avoid them.

About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company and the largest commercial insurer in the United States. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at www.chubb.com.

Chubb Insurance Company of Canada has offices in Toronto, Calgary, Montreal and Vancouver and provides its products and services through licensed insurance brokers across Canada. For additional information, visit: chubb.com/ca.

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