Latest Chubb Headlines

New Markets

Feb 6 2006 // Oklahoma Commercial AutoNuts & Bolts: RISC Inc. is rolling out a new commercial auto market in Oklahoma. Coverage highlights include: Service vehicles of all types; waste disposal; salvage and recycling operations;...

New Markets

Feb 5 2006 // New Markets Oklahoma Commercial Auto Nuts & Bolts: RISC Inc. is rolling out a new commercial auto market in Oklahoma. Coverage highlights include: Service vehicles of all types; waste disposal; salvage and recycling...

Financial Institutions Face Significant Security Breach Costs

Feb 1 2006 // “For many financial institutions, a network security breach involving the release of confidential customer information is not a matter of if, but when,” cautioned Tracey Vispoli, vice president, Chubb &...

Chubb Sees Q4 Net Income of $614M; Up from 2004 Performance

Jan 31 2006 // The Chubb Corp. reported that net income in the fourth quarter of 2005 was $614 million or $2.92 per share, compared to $468 million or $2.39 per share in the fourth quarter of 2004. Operating income, which the company...

New Markets

Jan 22 2006 // New Markets Identity Recovery Coverage – Personal Lines Nuts & Bolts: Merchants Insurance Group introduced a newly expanded Identity Recovery Coverage program for homeowners’ policyholders. The new...

New Markets

Jan 22 2006 // New Markets Nuts & Bolts: AIG Excess Casualty, a division of American Home Assurance Company, part of American International Group Inc., introduced xsInResponse, a new product that provides excess liability coverage...

Jan 22 2006 // People Maryland Gov. Robert L. Ehrlich Jr., has selected R. Steven Orr to serve as Maryland Insurance Commissioner. He succeeds Alfred W. Redmer, who resigned in October 2005 to join the private sector. Orr, 53, most...

Ace USA Adds San Francisco Staff

Jan 9 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has named Susan Burkhart assistant vice president in ACE Risk Management’s West Coast Construction team. ACE The company also has...

ACE Opens N.J. Branch; Names Hurley as Manager

Jan 6 2006 // ACE USA has opened a branch office in Morristown, N.J., which will serve the northern New Jersey area. Andrew Hurley has been appointed New Jersey branch manager and will lead the new office. Hurley will work to expand ACE...

People & Places

Jan 2 2006 // Frank Sheppard Michael Robinson has been named vice president and zone manager of ACE USA Professional Risk’s, Southeast Region, a division of the ACE Group of Companies. Robinson will work with brokers and clients...

New Markets

Jan 1 2006 // Business Owners and Nuts & Bolts: CNA introduced CNA Connect for small business customers that will combine the company’s former business ownersí policy and commercial package policies into one broad flexible...

People

Jan 1 2006 // Michael Robinson has been named vice president and zone manager of ACE USA Professional Risk’s, Southeast Region, a division of the ACE Group of Companies. Robinson will work with brokers and clients in the southeast...

Burns & Wilcox Offers New Contractors’ Environmental Market

Dec 26 2005 // Burns & Wilcox has launched a new environmental program with ACE Westchester Specialty Group Environmental for environmental contractors and consultants. Rated “A+” by A.M. Best, ACE Westchester Specialty...

Best Rates Harbor Point Re ‘A’

Dec 19 2005 // A.M. Best Co. announced that it has assigned a financial strength rating (FSR) of “A” (Excellent) and an issuer credit rating (ICR) of “a” to the newly created Bermuda-based reinsurer Harbor Point...

People & Places

Dec 19 2005 // Clint Bothwell Clint Bothwell has been named Southeast regional president for Harleysville Insurance and will work in its new Atlanta regional office. The company also named other regional field organization leaders as it...

People & Places

Dec 19 2005 // Dan Carmichael Ohio Casualty Corporation has completed a new five-year agreement with its current president and chief executive officer, Dan R. Carmichael. The prior contract with Carmichael was to expire on Dec. 31, 2005....

People

Dec 18 2005 // Ohio Casualty Corporation has completed a new five-year agreement with its current president and chief executive officer, Dan R. Carmichael. The prior contract with Carmichael was to expire on Dec. 31, 2005. Carmichael...

People

Dec 18 2005 // Clint Bothwell has been named Southeast regional president for Harleysville Insurance and will work in its new Atlanta regional office. The company also named other regional field organization leaders as it realigned the...

Chubb Corp. Finalizes Sale of Bermuda Reinsurance Unit

Dec 15 2005 // The Chubb Corporation has completed the strategic transaction that created a new Bermuda-based global reinsurance company, Harbor Point Limited. Chubb has received from Harbor Point $200 million of 6 percent convertible...

Robinson to head ACE USA Professional Risk’s Southeast Region

Dec 13 2005 // Michael Robinson has been appointed vice president and zone manager for ACE USA Professional Risk, Southeast Region, a division of the ACE Group of Companies. Robinson will work closely with brokers and clients in the...