ACE News

Chubb Announces Plans for New Philadelphia Office

Chubb has announced plans for a new Philadelphia office that will occupy a state-of-the-art building to be constructed at 2000 Arch Street. Designed with the highest standards for sustainability, the new 18-floor, 438,000 rentable square foot structure is being developed …

Chubb Must Pay Target for Breached Bank Cards After Court Reversal

In an “extraordinary remedy” of a judgment from a year ago, a federal court judge in Minnesota reversed a decision that Target Corp. was not entitled to insurance coverage from Chubb for costs the retailer incurred to replace payment cards …

Chubb Names Country Presidents to Lead Continental European Operations

Chubb has appointed the country presidents who will lead its operations in Continental Europe, with immediate effect. The country presidents will report to Jeff Moghrabi, division president, Continental Europe. These and other appointments in the region are listed below: France.Nadia …

Chinese Industrial Firms Will Lead Insurance M&A in 2016, to Grow Beyond Asia

China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic economy slows and falling insurance rates prompt more firms to do deals, according to Willis Towers Watson Plc. “We’ve been …

Chubb CEO Greenberg Blames Brazil’s Leaders for Exacerbating Economic Woes

Evan Greenberg, the chief executive officer of Chubb Ltd., said Brazilians can blame their country’s leaders, and not just a commodities slump, for the nation’s woes. “The economic environment, the political environment, is very tough,” Greenberg said Wednesday in a …

ACE Appoints Two Senior Leaders in European Management Team

ACE Group announced two appointments within its European management team, with immediate effect. Drazen Jaksic, currently executive vice president for Combined Insurance in Europe and Asia Pacific, has been appointed to the role of senior vice president, Accident and Health …

ACE Appoints Future Leadership Team for P&C Business in Asia Pacific

ACE Group announced the future commercial property & casualty leadership team for the new Chubb Group in Asia Pacific. These appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016. …

ACE Appoints Leadership Team for Canada, Effective 1st Quarter of 2016

ACE Ltd. announced the leadership team it has appointed for the company’s Canadian operations. The leadership appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016. As previously announced, Ellen …

ACE Appoints Commercial P&C Leaders for Overseas General Insurance Division

ACE Ltd. has appointed the commercial property & casualty leadership team for the company’s Overseas General Insurance division. The leadership appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016. …

ACE Announces Future Leadership Team for Global Surety Business Unit

ACE Ltd. announced the leadership team it has appointed for the company’s Global Surety business unit, which will take effect upon completion of the acquisition of Chubb, expected in the first quarter of 2016. As previously announced, Stephen Haney will …