About the Company
Incorporated in Zurich, Switzerland, Chubb Limited is the parent company of Chubb, a global insurance provider. It operates in more than 50 territories and countries, including London's Lloyd's insurance market. As of 2020, it is the largest publicly traded insurer in the world with its primary focus on insurance business only.
It offers insurances under four categories - industrial insurance, personal insurances, risk management insurances and personal speciality lines. It also offers Multinational Insurance Programmes to its customers, helping them to minimise related risks. Under these categories, there are insurances for Cyber, Dread Disease, Transport Risk, Casualty, Group Accident etc. It also offers the same for brokers as well.
Chubb's history dates back to 1882 when Thomas Caldecot Chubb and Percy (his son) established a marine underwriting business in New York City. By 1967, Chubb Corporation was established, and in 1984 it entered the New York Stock Exchange under the ticker symbol of CB. In July 2016 it was acquired by ACE Limited and adopted the name, Chubb.
Before joining forces with the ACE family, in 2007, Chubb Corporation won "Best Admitted Property/Casualty Insurance Company" award under Reader's Choice by Business Insurance. In 2010, Chubb ranked 5th in Chicago Business' list of Best Places to Work.
From 2010-2015 ACE had acquired several companies and businesses before becoming Chubb. Some of its significant acquisitions included Rain and Hail, LLC and New York Life's Hong Kong and Korea life insurance operations in 2010, Penn Millers in 2011, Asuransi Jaya Proteksi in 2012, Mexican Personal Lines Insurer ABA Seguros and Mexican Surety Lines Company Fianzas Monterrey in 2013, Itaú Unibanco Holding SA's casualty business and large commercial property in 2014 and Fireman's Fund from Allianz in 2015.;
|Chubb Corporation The
|Insurance—Property & Casualty