New product to be rolled out next year.

Chubb Insurance is set to launch an enhanced policy for ultra high net worth clients next year.

Masterpiece Signature will include access to a dedicated underwriting team for UNHW policyholders. It has also been expanded to include dedicated appraisers and claims experts. Policies will begin on 1 January 2009.

Simon Mobey, personal lines manager at Chubb Insurance, said: “The new policy enhancements arose from our knowledge of the policyholders’ lifestyle and working with brokers to pin point client needs. We’ve pioneered many new covers, improved existing covers, expanded the team, enhanced our claim service and created a network of specialist service providers.

"Our research showed that the very wealthy want to know that their assets are covered appropriately and that after a claim they will be paid fairly and quickly, with no stress. We believe our new service offers just that.”

Jamie Keaney, signature manager at Chubb, added: “We appreciate that, once again, our competitors will try to copy our covers, but they cannot copy our specialist skills and track record of exceptional service. We continue to have the only UHNW team in the market focused on serving the needs of exceptional individuals and families. Our aim is simple – to provide the ultimate in cover and service without stress or restrictions.”