Latest Chubb Headlines
All the headlines from our Chubb Topic Page, ordered by recency.
A.M. Best Lowers Debt Ratings of Chubb
Nov 28 2002 // A.M. Best Co. has lowered the senior debt ratings of The Chubb Corporation, Chubb Capital Corporation and Chubb Executive Risk Inc. to “aa-” from “aa”. The debt issued by Chubb Capital and Chubb...
Brother, Could You Spare Some Coverage’ Some Nonprofits Face Shrinking D&O, EPL Capacity
Nov 25 2002 // Since the book-cooking scandals that undid Enron, Worldcom and other concerns surfaced in recent months, insurers have ratcheted up their already growing scrutiny of corporate clients, resulting in higher premiums and...
Chubb P/C Ratings Affirmed
Nov 11 2002 // The Chubb Corporation’s property/casualty subsidiaries’ financial strength ratings of “A++” have been affirmed by A.M. Best Co. Additionally, A.M. Best affirmed the “aa” senior debt...
Chubb P/C Ratings Affirmed
Nov 11 2002 // The Chubb Corporation’s property/casualty subsidiaries’ financial strength ratings of “A++” have been affirmed by A.M. Best Co. The outlook for the ratings is stable. Chubb’s superior...
S&P’s Lowers Chubb Corp. Ratings, Off Watch; Outlook Negative
Nov 7 2002 // Standard & Poor’s has lowered its counterparty credit and senior debt ratings on Chubb Corp. to single-‘A’-plus from double-‘A’-minus. In addition, the financial strength ratings on...
Finnegan Named New Chubb CEO
Nov 4 2002 // John Finnegan, executive vice president of General Motors Corporation and chairman and president of General Motors Acceptance Corporation, has been elected president, CEO and a director of The Chubb Corporation, effective...
A.M. Best Says Chubb Ratings Unaffected by Pretax Charge to Increase Revenues for 3rdQ Asbestos Liabilities
Oct 31 2002 // A.M. Best Co. stated the financial strength rating of A++ (Superior) of the Chubb Group of Insurance Companies, (NYSE: CB) (Warren, NJ), the “aa” senior debt ratings of The Chubb Corporation, Chubb Capital...
Chubb Notes Written Premiums Grow By 33 Percent
Oct 30 2002 // The Chubb Corporation reported that net written premiums grew 33 percent as insurance rates continued to rise in all three strategic business units and as the company continued to attract new customers. Chubb had an...
Fitch Places Chubb Corp. on Rating Watch Negative
Oct 29 2002 // Fitch Ratings has placed all ratings of The Chubb Corporation (Chubb) on Rating Watch-Negative. The ratings include the ‘AA+’ insurer financial strength (IFS) rating of Chubb’s property/casualty insurance...
Trenwick in Deal with Chubb Re, Begins Audit Study of Reserves
Oct 28 2002 // Bermuda-based Trenwick Group announced that its subsidiary, Trenwick America Reinsurance Corp., has entered into an underwriting facility with Chubb Re, Inc., a subsidiary of The Chubb Corporation. Trenwick also said that...
Chubb and Subs Outlook Neg.
Oct 28 2002 // Standard & Poor’s Ratings Services revised its long-term ratings outlook on Warren, N.J.-based Chubb Corp. and on Chubb’s operating insurance companies (financial strength “AA+”) to negative...
IBANY to Honor Chubb & Son, Serio
Oct 22 2002 // The Insurance Brokers’ Association of the State of New York (IBANY) announced it would present its inaugural Insurer of the Year award to Chubb & Son Thursday, Oct. 24 at The Down Town Association, New York,...
A.M. Best Affirms Chubb’s Financial Strength and Debt Ratings
Oct 16 2002 // A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of The Chubb Corporation’s property/casualty subsidiaries. Additionally, A.M. Best has affirmed the “aa” senior debt ratings of...
2001 Market Share For Insurers in Texas
Oct 14 2002 // The 2001 premium and loss data for Texas verifies everything you heard from the insurance companies — it was a really bad year. Here are the highlights in review: • Texas accounts for 7 percent of the national premium...
Securing Building Sites in the Wake of Sept. 11
Sep 30 2002 // With the remembrance of the events of Sept. 11, building and site security has become an increasingly important issue to companies all over the nation and the world. Nowadays, it is simply not prudent to be lax on...
An Exact Science: Insuring Biotech Takes Know-How
Sep 30 2002 // As far as commercial property and casualty coverages are concerned, it goes without saying that individual companies require specific types of policies to most effectively address risks inherent to their industries. The...
Hiscox Criticizes Chubb as Shareholders Approve Rights Issue
Sep 27 2002 // Hiscox plc shareholders, with one notable exception, approved the company’s plan to issue up to 96.4 million new shares through a rights offering aimed at raising an additional £110.5 million ($171 million) to...
O’Reilly Named Interim CFO at Chubb
Sep 27 2002 // Michael O’Reilly, executive vice president and Chief Investment Officer of The Chubb Corp., was named to the position of Chief Financial Officer. O’Reilly succeeds Weston Hicks, who resigned as Chubb CFO,...
Former Chubb CFO Joins Alleghany
Sep 27 2002 // Alleghany Corporation of New York City announced it has named Weston Hicks as executive vice president effective Oct. 7. Hicks has extensive experience as a senior executive, capital manager and research analyst in the...
Chubb, Hartford, Agree to $22M Settlement with Reno/Tahoe Int. Airport
Sep 26 2002 // Settling a four-year legal battle, The Chubb Group of Insurance Companies and The Hartford Insurance Company have agreed to pay Reno/Tahoe International Airport a total of $22 million for a flood insurance claim related to...
