Chubb Limited

Insurance company

TypePublic
Traded asNYSE: CB\\ S&P 500 Component Industry Insurance and Reinsurance
FoundedHamilton, Bermuda (1985 ( 1985))
FounderThomas Caldecot Chubb
HeadquartersZürich , Switzerland
Area servedWorldwide
ProductsProperty and Casualty and Health\\ Life insurance\\ Reinsurance
Websitechubb .com bhnt-chubblife .com
  • Chubb Limited, incorporated in Zürich, Switzerland, is the parent company of Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and the largest publicly traded property and casualty company in the world.
  • Chubb operates in 55 countries and territories and in the Lloyd's insurance market in London.
  • Clients of Chubb consist of multinational corporations and local businesses, individuals, and insurers seeking reinsurance coverage.
  • Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance.
  • On 1 July 2015, ACE announced that it would acquire the original Chubb Corporation for $28. 3 billion in cash and stock.
  • The combined company adopted the Chubb name in January 2016 after the acquisition was completed.

Business structure

  • ACE provides insurance and reinsurance products and services through several operating units.

North American

  • ACE USA provides commercial property insurance and casualty (P&C), risk management and accident and health (A&H) coverages through retail brokers.
  • ACE Agriculture offers crop, farm and agribusiness P&C coverages through agents and brokers.
  • ACE Westchester offers commercial P&C excess and surplus lines through wholesale brokers.
  • ACE Bermuda provides liability, property, political risk coverages and captive programs through large international brokers.
  • ACE Private Risk Services offers high-value personal lines coverages through independent agents and brokers.
  • ACE Commercial Risk Services provides specialty small business coverage through agents and brokers.

Elsewhere

  • ACE International provides commercial P&C, A&H, and traditional and specialty personal lines through retail brokers, agents and other channels in 51 countries outside North America.
  • ACE Global Markets offers commercial P&C excess and surplus lines and A&H sold by wholesale brokers and through Lloyd's.
  • In North America, Combined Insurance, acquired by ACE in 2008, provides personal accident and supplemental health insurance through captive agents.

Reinsurance

  • ACE Tempest Re, based in Stamford, Connecticut, offers P&C and life reinsurance sold worldwide by reinsurance brokers.

Life

  • ACE Life provides protection and savings products through agents, bancassurance and other channels in Asia, Latin America, and the Middle East.
  • Combined Insurance offers personal accident and supplemental health coverage sold by captive agents in North America.

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