Never compromise integrity', a long-standing Chubb principle, captures the spirit of this group of companies. The Chubb Group of Insurance Companies is one of the leading insurers found in 1882. Thomas Caldecot Chubb and his son Percy opened their marine underwriting business in the seaport district of New York City. They collected $1,000 from each of 100 prominent merchants to start their venture. They are focused on insuring ships and cargoes. They help their policyholders prevent disasters and were adept at turning risk into success. A strong relationship has been established between the insurance agents and brokers who placed their clients with Chubb underwriters. Chubb is a specialized insurance company and is known for providing customized insurance solutions to individuals and to a wide range of business, small and large, national and multinational through independent brokers. In 1967, The Chubb Corporation was formed and in 1984, it was listed in New York Stock Exchange.
It ranks among the top 10 publicly traded insurance organizations based on revenues in the US, with approximately 11,800 employees throughout Asia Pacific, Canada, Europe, Latin America and the United States. Chubb has more than 129 offices in 29 countries. It serves customers through 8,000 independent agents and brokers. Chubb Corporation today manages more than $44 bn in assets and have revenues worth $13.2 bn. The company is a leading global insurance organization that receives high ratings for financial strength from the A.M. Best, Standard & Poor's, and Moody's rating agencies. Chubb is headquartered in the US. Chubb refers to member insurers of property and casualty, like The Federal Insurance Company, Vigilant Insurance Company, Great Northern Insurance Company, Pacific Indemnity Company, Northwestern Pacific Indemnity Company, etc., known informally as the Chubb Group of Insurance Companies. Chubb & Son, a division of Federal Insurance Company, manages these companies. |
