Latest Chubb Headlines
All the headlines from our Chubb Topic Page, ordered by recency.
Best Affirms Chubb Corp. and Subs ‘A++’ Ratings; Outlook Stable
Mar 14 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the property/casualty subsidiaries of The Chubb Corporation, also known...
Maleno Named President of ACE-USA
Mar 7 2013 // The ACE Group has appointed of Chris Maleno as division president, ACE USA. In this role, Maleno will oversee all operations for ACE’s U.S.-based retail commercial property/casualty franchise. He will report to John...
Chubb’s Senior Fine Art Specialist Moves to Fireman’s Fund
Feb 7 2013 // Novato, Calif.-based Fireman’s Fund Insurance Company appointed Michelle Impey as fine art director, personal insurance. She is based in New York City.Michelle ImpeyImpey comes to Fireman’s Fund from the Chubb...
Chubb to Provide Loss Prevention Guide for Directors Dealing with M&A Litigation
Feb 6 2013 // The Chubb Group of Insurance Cos. has created a new loss prevention guide aimed at assisting directors and officers in preparing for litigation if their firm engages in a merger or acquisition. “Merger and...
Chubb to Adjust Underwriting in Northeast Post-Sandy
Feb 4 2013 // The Chubb Corp., which posted Superstorm Sandy-related pre-tax costs of $882 million in its latest earnings report, said there would be some adjustments to underwriting and pricing in the Northeast region going...
Chubb’s 2012 Q4 Profit Drops 77% to $102M; $882M Sandy Loss Reported
Feb 1 2013 // The Chubb Corp. reported $102 million net profit for its 2012 fourth quarter, down 77.4 percent compared to the fourth quarter of 2011 when the insurer reported $452 million profit. Chubb’s net profit for the...
ACE USA Expands Privacy Protection with Data Breach Fund Sidecar
Jan 29 2013 // ACE USA has introduced a new option for ACE privacy protection policyholders through enhancements to its data breach team endorsement. The new data breach fund sidecar endorsement eliminates tiered sub-limits and provides...
ACE USA Expands Coverage for Hospitals, Miscellaneous Healthcare Facilities
Jan 24 2013 // ACE USA’s Medical Risk & Life Sciences Division has introduced four new coverage endorsements: media event expense, disciplinary proceeding defense, emergency evacuation expense, and patient property damage. The...
ACE Group Names Andrade to Expanded Role for Overseas Business
Jan 8 2013 // The ACE Group has named Juan Andrade, division president, Global Personal Lines and Small Commercial Insurance, to the additional post of chief operating officer of the company’s Insurance – Overseas General...
Chubb Estimates $570 Million Net Loss From Superstorm Sandy
Dec 12 2012 // The Chubb Corporation announced it estimates its losses from Sandy to be approximately $880 million before tax — or $570 million after tax. These amounts include estimated losses and loss expenses net of reinsurance...
Chubb Launches Cyber Endorsement Addressing Bank Account Takeover Frauds
Dec 11 2012 // The Chubb Group of Insurance Companies has launched a new endorsement to help protect community banks from a more than three-fold increase in fraudulent online commercial transactions. The new endorsement to the ForeFront...
ACE USA Restructures Global Property Division
Dec 6 2012 // ACE USA, the U.S.-based retail operating division of The ACE Group, has reorganized its Global Property division to now include three property insurance units designed to serve the needs of domestic and multinational...
People – Midwest
Nov 19 2012 // Republican and incumbent Commissioner Adam Hamm will continue to lead the North Dakota Department of Insurance after winning re-election against his Democrat challenger Tom Potter. Hamm received just over 63 percent of the...
Chubb Suspends Stock Buyback as It Counts Sandy Losses
Nov 13 2012 // Property/casualty insurer Chubb Corp. suspended its stock buyback program, because it has not yet been able to determine what its total costs related to Superstorm Sandy will be. The Warren, N.J.-based company is...
Chubb’s Q3 Profit Jumps 79%
Nov 5 2012 // The Chubb Corp. reported $533 million net profit for its third quarter, up 78.8 percent from $298 million reported during the same period one year ago. The quarterly results, released on Oct. 25, got a boost from...
Chubb’s Q3 Profit Jumps 79%; Commercial Renewal Rates Up 8%
Oct 26 2012 // The Chubb Corp. reported $533 million net profit for its third quarter, up 78.8 percent from $298 million reported during the same period one year ago. The quarterly results got a boost from significantly lower catastrophe...
ACE USA Selects Kinsella to Lead Midwest Region
Oct 24 2012 // Kelley Kinsella has been appointed senior vice president and regional executive officer for ACE USA’s Midwest Region. Kinsella will be responsible for setting and driving overall strategy for the region, which...
ACE Group Names UK, Ireland Region Promotions
Oct 22 2012 // ACE Group announced a series of appointments within its UK and Ireland region. Graeme McGeachie, London and South East corporate P&C underwriting manager, has been promoted to the position of London and South East...
People – East
Oct 22 2012 // Zurich in North America (ZNA) appointed Dalynn Hoch as its new chief financial officer. She is based in Zurich’s North American headquarters in Schaumburg, Ill. Hoch succeeds Vibhu Sharma who has been appointed to...
ACE USA’s Excess Casualty Unit Expands Catastrophe Management Coverage
Oct 15 2012 // ACE USA, the U.S.-based retail operations of the ACE Group, has expanded its catastrophe management insurance products with the introduction of the ACE Cat Management 2.5 endorsement by its ACE Excess Casualty Unit. This...
