Fleet News

Chubb hands fleet to Lease Plan

INSURANCE provider Chubb Europe has handed over its 120-vehicle fleet to Lease Plan UK as part of a sale and leaseback agreement. The contract for Chubb Europe's UK operation will be funded under Lease Plan's actual cost motoring product, Open Calculation, and includes full maintenance with direct driver contact between Chubb Europe's drivers and Lease Plan, breakdown and recovery through LPAssist and accident management.

The sale and leaseback agreement transfers all the financial risks associated with vehicle ownership from Chubb Europe to Lease Plan. Chubb Europe will also be using Lease Plan's internet-based electronic communication suite, Lease Plan On-Line, allowing the company instant access to fleet data, enabling it to generate quotations and orders, process requests and produce reports on the status of their fleets.

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