CHUBB Insurance

Company Profile: The origins of CHUBB® Corporation date back to 1882 when Thomas Caldecot Chubb and his son Percy opened their marine underwriting business in the seaport district of New York City. By 1900, Chubb had established strong relationships with the insurance agents and brokers who placed their clients’ business with Chubb underwriters. Products are now distributed through more than 14,000 independent agents and brokers in North America and employs more than 30,000 people worldwide.

CHUBB® is the world’s largest publicly traded P&C insurance company and the largest commercial insurer in the U.S. 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. As an underwriting company, they assess, assume, and manage risk with insight and discipline and service and pay claims fairly and promptly. They combine the precision of craftsmanship with decades of experience to conceive, craft and deliver the very best insurance coverage and service to individuals and families, and businesses of all sizes.

ACE was established in 1985 in response to an availability crisis in the U.S. insurance marketplace for excess liability and directors’ and officers’ insurance coverage. From its inception through the 1990s, ACE grew rapidly through product diversification, strategic partnerships, and acquisition. A true turning point for ACE was its 1999 acquisition of Cigna Corporation’s international and domestic property and casualty business. The acquisition gave ACE an instant global network and simultaneously transferred INA’s 200-year history to the company.

By the time, ACE acquired CHUBB®, ACE had grown into a leading global insurer serving customers from the largest multinational companies to individuals and families around the world.
milestones:
  • 1792 - Investors meet at Independence Hall in Philadelphia to organize the Insurance Company of North America - INA.
  • 1794 - First U.S. insurer to cover the contents of a house from fire.
  • 1808 - Appoints agents on the U.S. frontier and launches an advertising campaign.
  • 1821 - Predecessor fire insurer Aetna Insurance Company becomes the first U.S. insurer to enter Canada.
  • 1848 - Appoints an agent in San Francisco as the California Gold Rush begins. Premiums are sent to the home office in the form of gold dust.
  • 1882 – Chubb & Son opens for business in New York City.
  • 1887 - Appoints agents in London, Vienna, and Buenos Aires, the beginning of CHUBB Overseas General business.
  • 1897 - Becomes the first U.S. insurer to appoint an agent in China.
  • 1912 - Three predecessor insurance companies (Aetna, Federal, INA) suffer losses from the sinking of the Titanic.
  • 1928 – Opens its first branch outside the U.S. in Montreal, Canada.
  • 1950 - Invents the definitive multiple-line homeowners’ policy.
  • 1956 - Forms a personal lines department and installs their first computer, the IBM 705.
  • 1965 – IAN debuts on the New York Stock Exchange.
  • 1967 – Incorporates and acquires Pacific Indemnity Companies.
  • 1980 - Insures the Olympic Winter Games in Lake Placid, NY.
  • 1982 - INA Corporation and Connecticut General Corporation complete a merger to create CIGNA Corporation.
  • 1984 – CHUBB is listed on the New York Stock Exchange
  • 1985 – ACE Limited was established by 34 insurance companies seeking difficult-to-obtain Excess Liability and Directors and Officers (D&O) insurance coverage.
  • 1986 - Chubb launches the Masterpiece personal lines policy, becoming the company's definitive high net worth product.
  • 1993 – ACE goes public on the New York Stock Exchange.
  • 1996 - Acquires the first of its Lloyd's syndicate managing agencies and acquires Tempest Re, a major global reinsurer.
  • 1999 - Acquires CIGNA Corporation and Insurance Company of North America (INA) for $3.45 billion.
  • 2008 – Acquires Combined Insurance Company of America from AON Corporation for $2.56 billion and the high-net-worth personal lines business of the Atlantic Companies.
  • 2010 – Acquires Rain and Hail, LLC in Iowa for $1.1 billion.
  • 2012 – Claim’s service shines after Superstorm Sandy, settling the largest number of claims in company history and acquires Asuransi Jay Proteski in Indonesia for $130 million.
  • 2015 - Acquires Fireman’s Fund high-net-worth personal lines business from Allianz for $365 million.
  • 2016 – ACE and Chubb become one and adopt the Chubb name.
  • 2017 - Celebrates 225 years of business with the birth of INA in 1792.
  • 2019 - Evan Greenberg awarded Insurance Company CEO of the Year.
Financial Stability:
  • CHUBB® is rated AA by Standard & Poor’s, A++ by A.M. Best and AA by Fitch and has more than $174 billion in assets and reported $38 billion of gross premiums written in 2018.
  • Chubb Limited, the parent company of Chubb, is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index.
  • 2018 - $24.4 billion in gross premiums, in North America operations.
Company Highlights:
  • CHUBB® is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, and local operations globally. The company serves multinational corporations, mid-size and small businesses with property and casualty insurance and risk engineering services; affluent and high net worth individuals with substantial assets to protect; individuals purchasing life, personal accident, supplemental health, homeowners, automobile, and specialty personal insurance.
  • Provides claims handling service renowned for its quality, promptness, and fairness — Industry-leading loss control services and more than 400 risk engineering professionals serving commercial clients in the U.S. and globally — Residential risk consulting and appraisal services.
  • The Chubb Charitable Foundation believes that meaningful contributions that support communities globally provide lasting benefits to society, employees, and the company. Through philanthropy, global partnerships and company sponsored-volunteer activities focused on giving the gift of time and donations, the Chubb Charitable Foundation supports clearly defined projects that solve problems with measurable and sustainable outcomes with a commitment to assist those less fortunate and to be stewards of the planet. In 2016, the company’s foundations made grants and matching gifts of nearly $7.0 million to support innovative initiatives around the globe.
  • Chubb encourages the development of initiatives that reflect employees’ commitment to the needs of their local and regional communities. Employees from around the globe participate in hundreds of volunteer activities annually that have a direct impact on the local communities where employees live and work.
  • Through national campaigns, local volunteer projects and other initiatives, Chubb supports employee giving and volunteerism with a variety of programs such as:
    • Matching Gift Program - matches donations made to eligible charitable organizations by employees in the U.S., Canada, and Bermuda.
    • Disaster Relief Matching Gifts - conducts fundraising campaigns that raise money to provide assistance and matches employees’ donations in support of relief efforts in global disasters.
    • IICF Week of Giving - combines the collective strengths of the insurance industry to provide grants, volunteer service, leadership and contributes to local non-profits in a wide variety of areas, including education, disaster preparedness, the environment, health and human services, military veterans, and at-risk children.
    • Regional Day of Service - provides an opportunity for Asia-Pacific employees to rally together and give time to local community projects.
Industry Rankings:
  • CHUBB® is the 7th largest Property and Casualty Insurer in the United States based upon premium written per NAIC.
  • Number 1 writer of Other Liability coverage in the United States.
  • 9th largest writer of Homeowners coverage in the United States.
  • 15th largest writer of Medical Professional Liability coverage in the United States.
  • 6th largest writer of Workers Compensation coverage in the United States.
  • 10th largest writer of Commercial Auto in the United Sates.
  • The world’s largest publicly traded property and casualty insurer with operations in 54 countries.
  • 48 commercial P&C branch offices, and another 220 locations and nearly 18,000 employees who write commercial and personal P&C and A&H coverage for businesses and individual consumers, the CHUBB® North American division is larger than the clear majority of U.S. insurers.

Products Offered

Personal Insurance
   Home
   Auto Insurance
   Excess Liability
   Valuables
   Boats & yachts
   Travel
   Natural Disasters
   Cyber
   Bespoke Services
Commercial Insurance
   Accident & Health
   Commercial Package
   Environmental
   Event Insurance
   Global Casualty
   Management Liability
   Medical Liability
   Product Recall
   Property
   Reinsurance
   Specialty Casualty
   Trade Credit
   Workers Compensation
Commercial General Liability
Cyber
ESIS
Excess & Surplus
International Solutions
Marine
Political Risk
Professional Liability
Railroad
Small Business
Surety
Umbrella & Excess Casualty
Workplace Benefits

Operating Territory

www.chubb.com
(425) 448-9190​
8561 154th Ave NE
Suite 250
Redmond, WA 98052​
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