Latest Chubb Headlines
All the headlines from our Chubb Topic Page, ordered by recency.
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...
Chubb Removed from CreditWatch
Nov 26 2001 // Standard & Poor’s removed from CreditWatch and lowered its counterparty credit and senior debt ratings on New Jersey-based Chubb Corp. to “AA-” from “AA+,” its preferred stock rating to...
Chubb Specialty Consolidates Product Groups into ‘ChubbPro’
Nov 16 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....
Chubb CEO to Speak at CSFB Insurance Seminar
Nov 12 2001 // Chubb Corp. CEO Dean R. O’Hare will speak at Credit Suisse First Boston’s Insurance Seminar on Wednesday, November 14 at 8:00 a.m. EST. Neither Chubb Nor CSFB gave details of the topics he intends to...
ACE USA ASKS FOR EXCLUSION
Nov 12 2001 // Philadelphia-based Ace USA is seeking permission from the Washington State Insurance Commissioner to exclude acts of terrorism from the policies it issues to businesses. According to a report in The Seattle Times, the...
Chubb Removed from CreditWatch
Nov 9 2001 // Standard & Poor’s removed from CreditWatch and lowered its counterparty credit and senior debt ratings on Chubb Corp. to “AA-” from “AA+”, its preferred stock rating to “A”...
Chubb CEO Says Business, Gov’t. Must Prevent Internet Attacks
Oct 18 2001 // Dean O’Hare, Chairman and CEO of Chubb Corp., told delegates at a Conference in Paris that business and government must work together to prevent attacks by terrorists or hackers on the Internet that could seriously...
New Coverage Can Ease Emotional, Financial Impact of Crimes Against Family Members
Oct 15 2001 // Insurance is now available to help protect Colorado families from financial loss if a loved one is the victim of one of four criminal activities. The Chubb Group of Insurance Companies has unveiled Masterpiece®...
Chubb’s D&O/Crime Policy for Community Associations Breaks New Ground
Oct 8 2001 // The Chubb Group of Insurance Companies introduces Protection for Community Association Leaders(SM), an insurance policy designed to meet the unique directors and officers (D&O) liability, employment practices...
Chubb CEO Says Industry Is Strong, Warns That Unavailability of Reinsurance Will Jeopardize Future T
Oct 1 2001 // Dean R. O’Hare, Chairman and CEO of The Chubb Corporation, one of the world’s leading property and casualty insurers, told Congress that the insurance industry is strong and will be able to pay all claims...
Chubb Survey Reveals ‘Roadshow’ Attendees Are Underinsured
Sep 30 2001 // Results of a survey conducted by Chubb Group of Insurance Companies reveals that many private collections of fine arts or antiques may be underinsured. When Chubb’s “Antiques Roadshow,” a popular PBS...
Chubb Introduces Comprehensive EPL Loss Prevention Program
Sep 28 2001 // The Chubb Group of Insurance Companies is rolling out a comprehensive loss prevention program that will help more than 100,000 customers protect themselves against employment-related lawsuits. The program offers policies...
