Madrid, July 2, 2026 – Chubb today announced the launch of its signature product, Masterpiece in Spain and Portugal. Underwritten by Hispania, an underwriting agency and insurance and reinsurance broker, this introduces an international flagship solution to the Iberian market, tailored to clients seeking premium cover for their assets.
Masterpiece is specifically designed to meet the protection needs of individuals and families with high-value assets, offering comprehensive and personalised coverage that reflects their lifestyle. Property, contents and valuable possessions can be insured under a single policy, with one premium and a single renewal date, simplifying management and providing peace of mind to policyholders. For contents insurance, the worldwide “all risks” coverage is included for personal belongings and extended coverage is offered for works of art and jewellery, with agreed value and enhanced replacement options in case of underinsurance.
Masterpiece also incorporates specific coverages such as family protection against losses and emotional trauma resulting from events such as robbery, as well as guaranteed home reconstruction in the event of total loss.
A key advantage of the product is the complimentary home valuation service conducted by specialised risk consultants, who determine reconstruction costs and advise on the necessary insured amounts for contents.
José Ramón Morales, Regional Executive Officer Southern Europe and Head of the Underwriting Centre CEMENA said, “The launch of Masterpiece in Spain and Portugal marks a significant milestone for Chubb. It demonstrates our ongoing commitment to providing exceptional, tailored solutions and peace of mind to for high net worth clients. We are proud to bring our global expertise and reputation for service to the Iberian market, through this launch”.
Bernardo Alpalhão, Head of Hispania, added: “This collaboration between Chubb and Hispania enables us to offer the Iberian market a truly different solution, designed for a highly demanding public which expects technical excellence, faultless service and complete protection for their wealth. Masterpiece perfectly reflects that shared ambition: uniting global ability with local knowledge to elevate the standard of high net worth insurance in Spain and Portugal.”
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, 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. The company is 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 employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.
About Hispania
Broker and Coverholder at Lloyd’s, Hispania is a group specialised in offering advanced insurance and reinsurance solutions for its clients, with a distinctly international and wholesale focus. Hispania’s team of professionals is committed to excellence in customer service and provides a global business approach from its offices in Madrid, London, Mexico, and Lisbon, ensuring tailored access to the most important international (re)insurance markets.
Media Contact
Kathryn Coventry, Head of Communications EMEA, Chubb
kathryn.coventry@chubb.com