Growing demand in the Asia Pacific Region for political risk insurance has seen the opening of a new Melbourne office for Chubb International.

The new Asia Pacific zone office is being run by “seasoned” political risk professionals arranging cover for political risk products including confiscation, expropriation, nationalisation and deprivation (CEND). This type of coverage can protect companies against financial loss incurred because of acts of government.

The new facility – Chubb’s other political risk offices are at its New Jersey HQ and in London – has available capacity of around $150 million.