Latest Chubb Headlines

Chubb chugsalong in 2nd quarter

Aug 7 2006 // The Chubb Corporation reported that net income in the second quarter of 2006 was $598 million, or $1.41 per share, compared to $495 million, or $1.23 per share, in the second quarter of 2005. Operating income, which the...

Chubb Broadens Global Kidnap & Ransom, Extortion Coverage

Aug 2 2006 // The Chubb Group announced that it has “enhanced its Kidnap/Ransom and Extortion Insurance policy,” reflecting “global realities.” Greg Bangs, who manages Chubb’s K&R-extortion unit,...

Chubb Chugs Along in 2d Quarter; Raises Outlook for 2006

Jul 26 2006 // The Chubb Corporation reported that net income in the second quarter of 2006 was $598 million, or $1.41 per share, compared to $495 million, or $1.23 per share, in the second quarter of 2005. Operating income, which the...

Chubb to Discuss 2d Quarter Results in Web Conference

Jul 24 2006 // The Chubb Corporation expects to release second quarter 2006 earnings on Tuesday, July 25, 2006 after the close of the market. The information will be available shortly thereafter on Chubb’s website at...

ACE USA Realigns Construction Industry Practice

Jul 19 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has announced that its Construction Industry Practice, formerly part of ACE Risk Management, will now become a unit of ACE Casualty Risk, and...

AVRECO’s Borderline Med-Mal Market

Jul 4 2006 // Chicago-based wholesaler AVRECO has a new medical liability insurance market for borderline nonstandard physicians and surgeons. It’s geared toward doctors on their way to a standard market, but who haven’t...

Business Moves

Jul 3 2006 // Homeowners of America Insurance Co. A new property and casualty insurer, Homeowners of America Insurance Com-pany, announced it has opened for business in Irving, Texas. Homeowners specializes in protecting residential...

ACE USA Report Details Consumer Costs in Extreme Weather Disasters

Jun 22 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, reports that the increase in extreme weather events has long-term financial implications for consumers and their communities, according to...

Ace USA Launches Med Mal Product in Ohio, Michigan

Jun 21 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, recently announced the launch of its healthcare professional liability product for group and individual physicians in the Ohio and Michigan...

People and Places

Jun 19 2006 // Scott A. Adamsons joined InsurBanc as vice president of sales and business development. The Farmington, Conn.-based company also hired Marie R. Rider to be vice president and director of marketing. Adamsons will direct the...

People

Jun 19 2006 // InsurBanc, a financial services provider to the independent insurance agency community, announced that Scott A. Adamsons has joined the company as vice president of sales and business development. The Farmington,...

Jun 19 2006 // People Scott A. Adamsons joined InsurBanc as vice president of sales and business development. The Farmington, Conn.-based company also hired Marie R. Rider to be vice president and director of marketing. Adamsons will...

ACE USA Launches Commercial Policy for Life Sciences Industry

Jun 16 2006 // ACE USA has launched a commercial package policy to help protect life sciences companies from property and casualty exposures faced by this specialized industry. The ACE USA Commercial Package Policy is offered to...

Harbor Point Completes Formation of Bay Point Re ‘Sidecar’

Jun 15 2006 // Bermuda-based Harbor Point Re Limited, a subsidiary of Harbor Point Limited, announced the completion of the formation of Bay Point Re, described as “a special purpose ‘sidecar’ vehicle formed for the...

Hylant Partners with ACE Medical, Offers Liability Coverage in Ohio, Mich.

Jun 7 2006 // Hylant Group and ACE Medical Risk jointly announced today an agreement for Hylant Group to be the distributor of comprehensive physician medical liability coverage in both Ohio and Michigan. The healthcare professional...

“Well Heeled” consumers rank USAA, Chubb, American Family

Jun 5 2006 // USAA significantly outperformed its rivals in the property and casualty insurance category, according to a new Luxury Customer Experience Index survey (LCEI) from the New York-based Luxury Insti-tute, an independent...

“Well Heeled” consumers rank USAA, Chubb, American Family

Jun 5 2006 // USAA significantly outperformed its rivals in the property and casualty insurance category, according to a new Luxury Customer Experience Index survey (LCEI) from the New York-based Luxury Insti-tute, an independent...

ACE USA Promotes Sherry to Senior VP-Global Property

Jun 1 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced the promotion of Joseph Sherry to Senior Vice President, Global Property, part of ACE USA’s International & Specialty...

ACE Names Dowd CEO North American Insurance Operations

May 28 2006 // Brian Dowd, chairman and chief executive officer of ACE USA and chairman of ACE Westchester Specialty, has been appointed to chief executive officer of the company’s Insurance – North American operating...

ACE USA Names Gallozzi Commercial Marine Senior Vice President

May 24 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has promoted Bob Gallozzi to senior vice president, Commercial Marine, part of ACE USA’s International & Specialty Group. Based in...