Latest Chubb Headlines
All the headlines from our Chubb Topic Page, ordered by recency.
Chubb Must Face Bear Stearns Suit Over Coverage for SEC Deal
Jun 11 2013 // Chubb Corp.’s Vigilant Insurance must face a lawsuit by Bear Stearns Cos. accusing the insurer of breach of contract for refusing to pay part of a U.S. Securities and Exchange Commission settlement, New York...
ACE USA Updates Marine Cargo Policy
May 28 2013 // ACE USA, the U.S.-based retail operations of the ACE Group, has released an updated marine open cargo policy that consolidates multiple coverage components into one form. The updated marine open cargo policy incorporates...
Chubb Subsidiary Approved as N.J. Domestic Surplus Lines Insurer
May 28 2013 // The Chubb Group of Insurance Companies said on May 23 it received approval from the New Jersey Department of Banking & Insurance to convert one of its subsidiaries, Chubb Custom Insurance Company, into a domestic...
ACE USA Makes Executive Appointments in Casualty Underwriting
May 8 2013 // ACE USA, the U.S.-based retail operating division of the ACE Group, announced two executive appointments in its Foreign Casualty and Custom Casualty divisions. Alexander Wells has been appointed senior vice president and...
Chubb Q1 Profit Rises 30% to $656M; CEO Says ‘Market Remains Firm’
Apr 26 2013 // Chubb Corp. reported on Thursday $656 million net income for its 2013 first quarter, an increase of 29.6 percent compared to $506 million income reported during the first quarter of 2012. The insurer of businesses and...
People – South Central
Apr 22 2013 // Texas Mutual Insurance Co. announced that Joe Yurkovich has accepted the position of senior vice president of strategic planning. He returns to Texas Mutual after serving as region president for the Southern Region at...
Chubb Europe Makes Management Changes; Marcello for Financial Lines
Apr 16 2013 // Chubb Insurance Company of Europe announced two appointments in its financial lines business. Julie Marcello has been named to the role of European Chubb Specialty Insurance Manager. Chubb Specialty Insurance (CSI) manages...
ACE USA Promotes Humphrey, Connelly in Houston
Mar 27 2013 // ACE USA, the U.S.-based retail operating division of the ACE Group, announced new executive appointments in its global client executives practice and regional operations in Houston. Pam Humphrey will assume the position of...
Best Affirms Chubb Corp. and Subs ‘A++’ Ratings; Outlook Stable
Mar 14 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the property/casualty subsidiaries of The Chubb Corporation, also known...
Maleno Named President of ACE-USA
Mar 7 2013 // The ACE Group has appointed of Chris Maleno as division president, ACE USA. In this role, Maleno will oversee all operations for ACE’s U.S.-based retail commercial property/casualty franchise. He will report to John...
Chubb’s Senior Fine Art Specialist Moves to Fireman’s Fund
Feb 7 2013 // Novato, Calif.-based Fireman’s Fund Insurance Company appointed Michelle Impey as fine art director, personal insurance. She is based in New York City.Michelle ImpeyImpey comes to Fireman’s Fund from the Chubb...
Chubb to Provide Loss Prevention Guide for Directors Dealing with M&A Litigation
Feb 6 2013 // The Chubb Group of Insurance Cos. has created a new loss prevention guide aimed at assisting directors and officers in preparing for litigation if their firm engages in a merger or acquisition. “Merger and...
Chubb to Adjust Underwriting in Northeast Post-Sandy
Feb 4 2013 // The Chubb Corp., which posted Superstorm Sandy-related pre-tax costs of $882 million in its latest earnings report, said there would be some adjustments to underwriting and pricing in the Northeast region going...
Chubb’s 2012 Q4 Profit Drops 77% to $102M; $882M Sandy Loss Reported
Feb 1 2013 // The Chubb Corp. reported $102 million net profit for its 2012 fourth quarter, down 77.4 percent compared to the fourth quarter of 2011 when the insurer reported $452 million profit. Chubb’s net profit for the...
ACE USA Expands Privacy Protection with Data Breach Fund Sidecar
Jan 29 2013 // ACE USA has introduced a new option for ACE privacy protection policyholders through enhancements to its data breach team endorsement. The new data breach fund sidecar endorsement eliminates tiered sub-limits and provides...
ACE USA Expands Coverage for Hospitals, Miscellaneous Healthcare Facilities
Jan 24 2013 // ACE USA’s Medical Risk & Life Sciences Division has introduced four new coverage endorsements: media event expense, disciplinary proceeding defense, emergency evacuation expense, and patient property damage. The...
ACE Group Names Andrade to Expanded Role for Overseas Business
Jan 8 2013 // The ACE Group has named Juan Andrade, division president, Global Personal Lines and Small Commercial Insurance, to the additional post of chief operating officer of the company’s Insurance – Overseas General...
Chubb Estimates $570 Million Net Loss From Superstorm Sandy
Dec 12 2012 // The Chubb Corporation announced it estimates its losses from Sandy to be approximately $880 million before tax — or $570 million after tax. These amounts include estimated losses and loss expenses net of reinsurance...
Chubb Launches Cyber Endorsement Addressing Bank Account Takeover Frauds
Dec 11 2012 // The Chubb Group of Insurance Companies has launched a new endorsement to help protect community banks from a more than three-fold increase in fraudulent online commercial transactions. The new endorsement to the ForeFront...
ACE USA Restructures Global Property Division
Dec 6 2012 // ACE USA, the U.S.-based retail operating division of The ACE Group, has reorganized its Global Property division to now include three property insurance units designed to serve the needs of domestic and multinational...
