Latest Chubb Headlines

Chubb to Offer National Equipment Register Services to Policyholders

Oct 27 2005 // The Chubb Group of Insurance Companies has collaborated with National Equipment Register (NER) to help deter heavy contractors equipment theft and increase the chances of recovering stolen equipment by offering its...

Chubb to Transfer Reinsurance Business to New Bermuda Company

Oct 26 2005 // Chubb’s reinsurance business will be moving to Bermuda in a three-way transaction. The Chubb Corporation and the investment firm Stone Point Capital LLC announced the formation of Harbor Point Limited, a global...

ACE USA Opens Seattle, Colorado, Arizona Offices

Oct 25 2005 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has opened Seattle, Colorado and Arizona branch offices. Maureen Amant has joined ACE USA as Seattle branch manager. Anne Nadler, who has...

ACE Makes Appointments in Midwest

Oct 24 2005 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced that Kelley Kinsella has been named senior vice president and regional business development manager for ACE USA’s...

ACE Names O’Farrell Chief Re Officer

Oct 19 2005 // The ACE Group of Companies announced that Bill O’Farrell, currently Sr. VP -Reinsurance Recoverables, will assume the post of Chief Reinsurance Officer, reporting to Brian Dowd, Chairman and CEO of ACE USA and...

Chubb Fills N.Y Condo and Co-op Insurance Gaps

Oct 17 2005 // The Chubb Group of Insurance Companies has rolled out insurance packages for the owners of luxury condo and co-op apartments in New York. The policies address coverage gaps created by building associations reducing their...

Chubb’s Contractors Equipment Express

Oct 17 2005 // The Chubb Group of Insurance Companies created an online system designed to make it easier for agents and brokers to quickly obtain a rate, quote or binder for contractors’ equipment risks with schedules up to $5...

ACE USA Names Shevlin Southeast Assistant Vice President

Oct 12 2005 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, has named Jim Shevlin assistant vice president and regional business development manager for ACE USA’s Southeast Region. Based in...

ACE USA Forms Energy Risk Unit

Oct 10 2005 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced the formation of ACE Energy, a new retail business unit which will focus on serving the complex insurance needs of the U.S. energy...

Hub Acquires Chubb’s PLI Brokerage

Oct 7 2005 // Hub International Limited has completed its purchase of Personal Lines Insurance Brokerage, Inc. (PLI) from The Chubb Corporation. The acquisition grows Chicago-based Hub’s personal lines to nearly 20 percent of its...

Chubb Estimates Q3 CAT Losses

Oct 6 2005 // The Chubb Corporation estimates its total losses from third quarter catastrophes, primarily Hurricane Katrina, to be approximately $600 million pre-tax ($390 million after-tax). This amount includes estimated losses and...

Chubb Adds Online Tool for Contractors’ Equipment Risks

Oct 5 2005 // The Chubb Group of Insurance Companies has created an online system that enables agents and brokers to quickly obtain a rate, quote or binder for contractors’ equipment risks with schedules up to $5...

Chubb Unveils E&O Policy for Large Financial Institutions

Oct 3 2005 // The Chubb Group of Insurance Companies has developed an errors and omissions (E&O) insurance policy for large financial institutions. BPL for Financial Institutions addresses traditional banking exposures such as...

ACE USA Increases Capabilities for International Advantage Coverage

Sep 21 2005 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, has expanded its insurance products to offer additional coverage for companies doing business overseas. The International Advantage Express...

ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, named Carl Bach executive vice presiden

Sep 19 2005 // InsurBanc, the financial services provider to independent insurance agents, has named David W. Tralka as its new president and chief executive officer. Tralka is replacing Michael Herlihy, who served as president since the...

Chubb Establishes $1 Million Relief Fund for Hurricane Katrina Disaster

Sep 6 2005 // The Chubb Corporation has established a $1 million fund for disaster-relief efforts related to Hurricane Katrina, with $500,000 going directly to disaster-relief organizations and an additional $500,000 to be used to match...

Sep 5 2005 // Linda Slaughter has been promoted from senior vice president of claims to COO at Concord, Calif.-based Athens Administrators, part of the Jenkins Athens Group. Slaughter joined Athens in its founding days and has been with...

Sep 5 2005 // Barbara Zimmerman has joined IBA West as membership benefits vice president. She will be responsible for the research, development and management of IBA West Service Corporation programs and management of Membership...

ACE USA Makes Appointments in New York, Philly Offices

Aug 26 2005 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced two appointments in its ACE Casualty Risk Unit. William Hazelton joins ACE USA as senior vice president and underwriting manager...

Best Upgrades ACE’s U.S. Subsidiaries

Aug 16 2005 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to A+ (Superior) from A (Excellent) and assigned issuer credit ratings (ICR) of “aa-” to ACE Westchester Specialty Group (ACE Westchester) (lead...