The Chubb Group of Insurance Cos.

• Position: Brief Article

The Chubb Group of Insurance Cos. has introduced a trade credit insurance policy. This insurance helps ensure that policyholders will be paid for merchandise shipped or services rendered on credit to commercial customers who have difficulty paying on time and/or in the full amount due to insolvency, currency fluctuations, general economic decline or other contingencies.

Trade credit insurance is the newest addition to the family of products that Chubb's Multinational Resource Group offers to companies doing business overseas. Other products include political risk insurance, exporters' packages and coordinated international insurance programs. Peter Aitken, a vice president of Ghubb & Son, recommends the new trade credit policy for manufacturers, processors, distributors of goods or services companies that...