Latest Chubb Headlines
All the headlines from our Chubb Topic Page, ordered by recency.
Chubb Launches E&O, GL Insurance Policy for Life Sciences Firms
Mar 1 2011 // The Chubb Group of Insurance Companies is offering newerrors and omissions (E&O) and general liability insurance policies to address risks faced by life sciences companies. Chubb’s general liability policy,...
ACE USA Appoints Hurley, Kubursi in New York Region
Feb 24 2011 // ACE USA, the U.S.-based retail operating division of the ACE Group, has appointed Andrew Hurley as chief operating officer of its New York region. In this new role, Hurley will assist in executing the regional business...
Ratings Roundup: Westchester Fire, Middle Georgia
Feb 16 2011 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of New York-based Westchester Fire Insurance Company (WFIC) and assigned an...
Jewelers unBLOCKed to Offer Jewelers Block Insurance from Chubb
Feb 11 2011 // CED 1976, LLC, will be the exclusive provider of underwriting and policy servicing for a new jewelers block insurance program from the Chubb Group of Insurance Companies. The program will be offered country wide to...
Chubb Reports Q4, 2010 Results; Expects Australia Flood Losses
Jan 28 2011 // The Chubb Corp. reported that net income in the fourth quarter of 2010 was $620 million, compared to $695 million in the fourth quarter of 2009. For the year ended Dec. 31, 2010, net income was $2.2 billion, the same as in...
ACE Group Appoints Hager to Head Japan P&C, A&H Business
Jan 27 2011 // The ACE Group announced that Jeffery Hager has been appointed Regional President, ACE Far East, responsible for ACE’s property and casualty (P&C) and accident and health (A&H) insurance businesses in...
Washington Fines Six Chubb Subsidiaries $534,000
Jan 25 2011 // Washington State Insurance Commissioner Mike Kreidler has ordered six subsidiaries of Chubb & Son to pay a $534,000 fine for violating state insurance laws. Federal Insurance Co., Pacific Indemnity Co., Great Northern...
Chubb Receives Final Approval for China Branch in Nanjing
Dec 16 2010 // The Chubb Corporation announced that the China Insurance Regulatory Commission (CIRC) has granted final approval to Chubb Insurance (China) Company Limited, an indirect wholly owned subsidiary, to establish a branch in...
ACE USA Appoints Mattheessen, Vest to Leadership Positions in Texas
Dec 14 2010 // ACE USA, the U.S.-based retail operating division of the ACE Group, has appointed Keith Mattheessen as senior vice president for ACE Risk Management’s (ARM) Houston region, and Laura Vest as senior vice president and...
Retiring Chubb COO to Remain as Consultant
Dec 13 2010 // Chubb has inked a consulting agreement with retiring COO and Vice Chairman John Degnan, who will stay on next year as a senior adviser to the New Jersey-based insurer. Degnan, who is set to retire at the end of the month,...
Chubb Program Expedites Clinical Trials in Czech Rep., Hungary, Portugal
Dec 8 2010 // The Chubb Group of Insurance Companies announced that it has added the Czech Republic, Hungary and Portugal to its WORLDcert program, a proprietary online system that instantly generates certificates of insurance in 152...
People
Dec 5 2010 // Aon Corp. reported that Andrew Appel, the firm’s chief operating officer, will be leaving the company at the end of the year. The company said there are no plans to fill the position upon Appel’s...
People
Dec 5 2010 // Frost Insurance in Austin, Texas promoted Sheri Smyth to vice president of personal lines. Smyth, a 23-year insurance industry veteran, manages the personal lines department’s growth and retention efforts, and...
Chubb Enhances Insurance Package for Cultural Institutions
Nov 18 2010 // The Chubb Group of Insurance Companies has expanded the features available under its Customarq for Cultural Institutions package policy. The policy is available to not-for-profit cultural institutions, including botanical...
ACE USA Restructures Retail Operations with Kinsella, Church, Stoer
Nov 16 2010 // Ace USA, the U.S.-based retail operating division of the ACE Group, announced a new structure and senior leadership appointments. The structure consists of two zonal operations and a centralized complex risk unit for...
Competition Picks Up in Insurance Market for the Rich
Nov 12 2010 // U.S. insurers are targeting the wealthy as one of the few client groups willing to pay higher rates and buy more policies, and competition to serve those people is increasing. From life insurers to property and casualty...
Chubb & Son Appeals Washington Enforcement Action
Nov 10 2010 // Chubb & Son announced its attorneys have filed an appeal with the Washington Office of the Insurance Commissioner over enforcement action that would have prevented six of its companies from writing new policies for...
Washington Orders 6 Chubb & Son Insurers to Stop Writing Policies
Nov 9 2010 // Washington State Insurance Commissioner Mike Kreidler has issued an order to suspend the insurance certificates of six Chubb & Son companies, effective Nov. 18, 2010. The move — which does not affect existing...
ACE Appoints Shevlin in Southeast, Rau in Southwest
Nov 4 2010 // ACE USA, the U.S.-based retail operating division of the ACE Group, has appointed Jim Shevlin as senior vice president and regional executive officer for its Southeast region, and Tim Rau as senior vice president and...
Tierney Named Operations Chief at Chubb Personal Insurance
Nov 3 2010 // New Jersey-based insurer Chubb has named Kathleen M. Tierney chief operating officer of its Personal Insurance segment. Tierney joined Chubb in 1990, and most recently served as senior vice president and eastern territory...
