FAIR LAWN, N.J., Feb. 2, 2011 /PRNewswire-iReach/ -- CED 1976, LLC, will be the exclusive provider of underwriting and policy servicing for a new jewelers block insurance program from the Chubb Group of Insurance Companies. The program will be offered country wide to qualified retail agents, brokers and wholesalers.
To be branded and marketed under the Jewelers unBLOCKed™ name, the program will address the unique exposures of the jewelry industry, including retailers, custom designers, wholesalers, remount events, manufacturers and refiners. The program will provide broader coverage than other offerings in the marketplace.
Patricia K. Low, president and CEO of CED 1976, said, "We are extremely pleased to forge this relationship with Chubb to provide customized, client-centric insurance solutions to agents, brokers and the jewelry industry. We look forward to a long and mutually-beneficial relationship with Chubb and agents serving this underserved segment of the luxury goods marketplace."
"We are pleased to offer this product through Jewelers unBLOCKed™. Together, we are bringing a great product, backed by deep underwriting expertise and superior service, to the marketplace," said Gail Soja, president of Chubb Custom Market, Inc.
Agents and brokers can obtain more information on the program by contacting Laurette Merusi, a practice leader at Jewelers unBLOCKed™, at 201-794-7705 or info@jewelers-unblocked.com.
CED 1976, a certified Women Business Enterprise, is a New Jersey-based managing general underwriter of jewelers block and other innovative and competitive insurance programs internationally. Jewelers unBLOCKed™ personnel have more than 20 years of experience underwriting and servicing jewelers block risks.
Chubb Custom Market, Inc., a wholly-owned subsidiary of The Chubb Corporation, develops and markets a broad range of specialized admitted and non-admitted insurance coverages and programs on behalf of members of the Chubb Group of Insurance Companies. In addition to general casualty, property, excess liability, environmental and inland marine coverages tailored to the needs of a variety of customers, Chubb Custom Market specializes in insuring energy, entertainment, life sciences and recreational marine risks. The unit's products are written on a retail or wholesale basis through program managers and other Chubb-appointed agents and brokers.
The member insurers of the Chubb Group of Insurance Companies form a multi-billion dollar organization providing property and casualty insurance for personal and commercial customers worldwide through 8,500 independent agents and brokers. Chubb's global network includes branches and affiliates in North America, Europe, Latin America, Asia and Australia.
