Latest Chubb Headlines
All the headlines from our Chubb Topic Page, ordered by recency.
If Terminated After ACE Takeover, Chubb CEO Finnegan Due $93M
Jul 1 2015 // Chubb Corp. Chief Executive Officer John Finnegan could walk away with at least $92.7 million if he’s terminated after ACE Ltd. acquires the company. Finnegan, who’s run the insurer since late 2002, would be...
Big ACE-Chubb Deal Triggers ‘Feverish’ Merger Speculation
Jul 1 2015 // Evan Greenberg just took dealmaking to the next level. The chief executive officer of property/casualty insurer ACE Ltd. on Wednesday announced a $28 billion deal for rival Chubb Corp. It’s the biggest acquisition in...
ACE to Acquire Chubb in $28.3 Billion Deal
Jul 1 2015 // In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The two firms said the combined company will have complementary businesses, skills and distribution and greater...
ACE Launches General Liability Offering for Multinational Middle-Market Companies
Jun 15 2015 // ACE Group has launched a new insurance offering that combines domestic general liability coverage and international general liability coverage for U.S. middle-market companies that are expanding globally. The policy brings...
Chubb’s Leidwinger Named President, Chief Operating Officer for CNA Commercial
Jun 3 2015 // CNA Financial Corp. has appointed Kevin Leidwinger as president and chief operating officer of CNA Commercial, reporting to Tom Motamed, chairman and chief executive officer, CNA. In this role, Leidwinger will lead the CNA...
Chubb Europe Renews Concours d’Elégance at Salon Privé Sponsorship
May 29 2015 // Salon Privé and Chubb Insurance Company of Europe SE announced that they have renewed their sponsorship agreement for the esteemed automotive event’s Concours and Tour d’Elégance. Chubb said the...
Chubb Hires 3 from Fireman’s Fund High-Net-Worth Team
May 18 2015 // Three insurance professionals with experience in the high-net-worth customer segment have joined Chubb Personal Insurance (CPI). Jennifer Celmer, Robert Haibi and Eric Shanks have been appointed to management roles at...
Severe Winter Weather Affected Chubb Q1 Results
Apr 24 2015 // Severe U.S. winter weather left Chubb Corp. with higher catastrophe expenses in its 2015 first quarter, a major factor that dampened net income. But CEO John Finnegan framed the overall results as “solid” all...
Chubb Countersues Owners of Ohio Mansion Gutted by Fire
Apr 20 2015 // An insurance company is suing the owners of a $4 million mansion that burned to the ground in suburban Cincinnati, Ohio, last year. Chubb National Insurance Co. recently filed a lawsuit in federal court in Cincinnati in...
Chubb Estimates Q1 Catastrophe Losses of $250M
Apr 20 2015 // The Chubb Corporation announced on April 7 that it estimates the impact of losses from catastrophes for the first quarter of 2015 to be approximately $250 million before tax ($0.69 per share after tax). The Warren, New...
Chubb Countersues Owners of Ohio Mansion Gutted by Fire
Apr 9 2015 // An insurance company is suing the owners of a $4 million mansion that burned to the ground in suburban Cincinnati, Ohio, last year. Chubb National Insurance Co. recently filed a lawsuit in federal court in Cincinnati in...
Chubb Estimates Q1 Pre-Tax Catastrophe Losses of Approximately $250M
Apr 8 2015 // The Chubb Corporation announced Tuesday that it estimates the impact of losses from catastrophes for the first quarter of 2015 to be approximately $250 million before tax ($0.69 per share after tax). The Warren, New...
ACE Creates International Excess Unit in Asia Pacific; Appoints Sexton
Mar 31 2015 // ACE Group has created a new business unit – ACE International Excess (AIE)– to provide commercial property insurance on an excess basis for large companies in the Asia Pacific region. The new business unit will be...
ACE Enhances Pollution Liability Portfolio Coverages
Mar 19 2015 // ACE Group has enhanced its premises pollution liability (PPL) and premises pollution liability portfolio (PPL Port) insurance policies to provide additional coverages for environmental day-to-day operational exposures...
ACE Appoints Tan in New Regional Head of Agency Role for Asia Pacific
Mar 19 2015 // ACE Group has appointed Jeslyn Tan to the new role of regional head of agency for Asia Pacific, based in Thailand. The creation of this new role reflects the company’s commitment and investment to expand the agency...
ACE Launches Pollution Liability Coverage for Agriculture Risks
Mar 2 2015 // ACE Group has introduced a new agriculture premises pollution liability coverage that provides limited pollution liability protection in conjunction with ACE’s Agribusiness Commercial general liability policy. The...
Chubb Sued for $60M by Owners of Ohio Mansion Gutted by Fire
Feb 9 2015 // The owners of a $4 million suburban Ohio mansion that burned to the ground last year are suing their insurance company for almost $60 million, saying it didn’t honor their claims. Court documents show homeowners...
ACE Group Warns UK SMEs About Higher Fraud Risk in 1st Quarter
Feb 4 2015 // Fraud cases are on the rise and the profile of fraudsters is changing to include more young individuals seeking to fund extravagant lifestyles, according to ACE Group. As pressure on bank balances grows after the...
Chubb Reports Q4 Net Income Falls 2%; Says No Fear of ACE, Google
Feb 2 2015 // The Chubb Corp. in Warren, New Jersey, reported net income of $558 million for the 2014 fourth quarter, a 1.9 percent decrease from $569 million net income during the prior year fourth quarter. The operating income, which...
Chubb Sued for $60M by Owners of Ohio Mansion Destroyed by Fire
Jan 29 2015 // The owners of a southwest Ohio mansion that burned to the ground last year are suing their insurance company for almost $60 million for allegedly not honoring their claims. Court documents show homeowners Jeffrey and Maria...
