Latest Chubb Headlines
All the headlines from our Chubb Topic Page, ordered by recency.
ACE USA Names Gregory President of ACE Casualty Risk
May 31 2002 // ACE USA appointed Geoffrey G. Gregory to president, ACE Casualty Risk. Gregory has responsibility for the creation of a new casualty umbrella unit within ACE USA. ACE Casualty Risk will provide up to $25M in...
Chubb Estimates $34 Million in Claims from PPG Asbestos Settlement
May 16 2002 // New Jersey-based Chubb Corp. acknowledged that it expects to may around $34 million as its portion of the $2.7 billion settlement reached by PPG Industries to settle over 435,000 asbestos related cases against its bankrupt...
Chubb Unveils New Personal Insurance Web Site
May 8 2002 // The Chubb Group of Insurance Companies has launched www.chubb.com/personal, a new interactive online resource for both personal insurance agents and customers. Two key features of the new site are its co-branding...
Terrorism
Apr 29 2002 // Nuts & Bolts: ACE USA is offering a specialist solution to several specific industry classes with a shortage of terrorism related insurance capacity. The ACE terrorism insurance product is focused on U.S. and Canadian...
Chubb Opens Zone Office in Melbourne for Asia/Pacific Political Risk
Apr 26 2002 // The Chubb Group announced that it has opened a new office in Melbourne, Australia, “to further support the growing demand for political risk insurance in the Asia/Pacific region.” The office is the third...
ACE USA to Offer Specialized Coverage for U.S., Canada to Insure Against Terrorism Risk
Apr 12 2002 // ACE USA announced that it would provide a specialist solution to several specific industry classes with a shortage of terrorism related insurance capacity. The ACE terrorism insurance product is focused on U.S. and...
Chubb Downgraded
Mar 11 2002 // Fitch Ratings downgraded several ratings of The Chubb Corporation (Chubb) and removed them from rating watch negative. The actions include lowering Chubb’s senior debt rating to “AA-” from...
Fitch Downgrades Chubb
Feb 20 2002 // Fitch has downgraded several ratings of The Chubb Corporation (Chubb) and removed the ratings from Rating Watch Negative. The actions include lowering Chubb’s senior debt rating to “AA-” from...
ACE USA Professional Risk to form Strategic Alliance with E-Risk Services
Jan 29 2002 // ACE USA Professional Risk has formed a strategic alliance with E-Risk Services, LLC, a Managing General Agent. Under the terms of the agreement, ACE USA Professional Risk will utilize E-Risk Services to market, underwrite...
When Good Employees Go Bad: Crime Insurance for Employee Dishonesty & Fraud
Jan 28 2002 // • A California man pled guilty to knowingly receiving, possessing and without authorization appropriating stolen trade secret information belonging to his former employer—specifically, customer and order information in...
When Good Employees Go Bad: Crime Insurance for Employee Dishonesty & Fraud
Jan 14 2002 // A California man pled guilty to knowingly receiving, possessing and without authorization appropriating stolen trade secret information belonging to his former employer—specifically, customer and order information in...
ACE USA Business Aviation to Join with U.S. Aircraft Insurance Group
Jan 4 2002 // ACE USA announced that it has become a member company of the USAIG aviation pool. Under the agreement, future ACE USA Business Aviation accounts for corporate aviation, non-critical products, pleasure and business aircraft...
Chubb Still Interested in Hiscox
Jan 2 2002 // Chubb Corp. is reportedly still interested in acquiring London-based specialty insurer Hiscox Plc, despite the rejection of a friendly offer made last January. It’s raised its stake in the company to over 28 percent...
A.M. Best Assigns AWAC an ‘A+ (Superior)’ Rating
Dec 20 2001 // A.M. Best has assigned an initial financial strength rating of A+ (Superior) to Bermuda-based Allied World Assurance Company Ltd. (AWAC), the insurer formed in November by American International Group, Chubb Insurance...
Chubb Foresees 2002 Earnings to be At Low End of Estimates
Dec 14 2001 // Insurer Chubb Corp. announced it foresees its 2002 earnings will be at the low end of Wall Street estimates as the insurance industry tangles with high losses and costs. According to a Reuters report, New Jersey-based...
S&P, A.M. Best Affirm ACE Group Ratings
Dec 13 2001 // Following up its previous announcement (See IJ Website Dec. 5) Standard & Poor’s reaffirmed its mostly single-‘A’-minus ratings on the ACE Group of companies, while A.M. Best affirmed its A+...
Chubb Facing Major Fallout from Enron Crisis
Dec 4 2001 // Insurer Chubb Corp. said it has $220 million in maximum pre-tax exposure to surety bonds relating to Enron Corp. Surety bonds, sold by Chubb and other insurers to a wide variety of companies, make payments on financial...
CHUBB SPECIALTY CREATES ‘CHUBBPRO’
Dec 3 2001 // Chubb Specialty Insurance (CSI), part of the Chubb Group of Insurance Companies, has consolidated three of its product groups into a new business unit called Chubb Professional, or “ChubbPro.” Sean M....
Fitch Assigns ‘AA’ to Chubb Offering
Nov 28 2001 // Fitch assigned a rating of ‘AA’ to The Chubb Corporation’s offering of $600 million of new senior debt securities. The offering includes $400 million of 6.0 percent senior notes due 2011, and $200 million...
AIG, Chubb, Goldman Sachs Establish New $1.5 Billion Bermuda Insurer
Nov 27 2001 // American International Group and Chubb Corp. have joined with GS Capital Partners 2000, L.P., an investment fund managed by Goldman Sachs & Co.to establish Allied World Assurance Holdings Ltd. with a total equity...
