Headquarters: Zurich, Switzerland
Founded: Hamilton, Bermuda 1985
CEO: Mr. Evan G. Greenberg
USD as of April 1, 2022
Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses. Its North America Personal P&C Insurance segment provides affluent and high net worth individuals and families with homeowners, automobile and collector cars, valuable articles, personal and excess liability, travel insurance, and recreational marine insurance and services. The company's North America Agricultural Insurance segment offers multiple peril crop and crop-hail insurance; and coverage for farm and ranch property, and commercial agriculture products. Its Overseas General Insurance segment provides coverage for traditional commercial property and casualty; specialty categories, such as financial lines, marine, energy, aviation, political risk, and construction risk; and group accident and health, and traditional and specialty personal lines for corporations, middle markets, and small customers through retail brokers, agents, and other channels. The company's Global Reinsurance segment offers traditional and specialty reinsurance under the Chubb Tempest Re brand to property and casualty companies. Its Life Insurance segment provides protection and savings products comprising whole life, endowment plans, individual term life, group term life, medical and health, personal accident, credit life, universal life, and unit linked contracts. The company markets its products primarily through insurance and reinsurance brokers. The company was formerly known as ACE Limited and changed its name to Chubb Limited in January 2016. Chubb Limited was incorporated in 1985 and is headquartered in Zurich, Switzerland.
Chubb Limited, is an American company 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. In 2018, the group had $174 billion in assets, $30.8 billion of gross written premiums and approximately 31,000 employees. Chubb trades on the NYSE and is a component of the S&P 500 index. Its core operating insurance companies are rated "AA" (Very Strong) for financial strength by Standard & Poor's and "A++" (Superior) by A. M. Best with stable outlooks from both agencies. Fitch rates Chubb Limited and its subsidiaries "AA" (Very Strong) for financial strength, "AA-" for issuer default and "A+" for senior debt. Moody's rates the U.S. companies "A1" and the unsecured loan notes "A3". On 1 July 2015, ACE announced that it would acquire the original Chubb Corporation for $28.3 billion in cash and stock. ACE has committed that Chubb's current headquarters in Warren, New Jersey, USA, will have a substantial portion of the headquarters function for the combined company's North American Division. The combined company adopted the Chubb name in January 2016 after the acquisition was completed.
Source: Wikipedia, retrieved on March 31, 2022, 8:43 p.m.
Property and Casualty and HealthLife insuranceReinsurance
Founder(s): Thomas Caldecot Chubb
Evan G. Greenberg (Chairman and CEO)
Revenue: US$35.994 Billion (Fiscal Year Ended December 31, 2020)
Operating income: US$4.162 Billion (Fiscal Year Ended December 31, 2020)
Net income: US$3.533 Billion (Fiscal Year Ended December 31, 2020)
Total assets: US$190.774 Billion (Fiscal Year Ended December 31, 2020)
Total equity: US$59.441 Billion (Fiscal Year Ended December 31, 2020)