Latest Chubb Headlines
All the headlines from our Chubb Topic Page, ordered by recency.
Chubb Executive Urges Cooperation Between IT and Risk Management Depts.
Aug 1 2002 // An executive with a leading commercial insurer is urging information technology departments to share information regarding attacks on corporate Web sites and computer networks with risk managers and insurers. Without...
Pair of Chubb Group Insurers Agree to Settlement
Jul 15 2002 // A pair of Chubb Group insurers have agreed to pay $13.5 million to settle with Sunbeam Corp. shareholders who registered a fraud suit against the bankrupt appliance maker, according to the Associated Press. Filed five...
ACE Group of Companies – Geoffrey Gregory
Jul 10 2002 // Two U.S. subsidiaries of the ACE Group of Companies have announced new appointments. ACE USA appointed Geoffrey Gregory president of ACE Casualty Risk. Based in Philadelphia, Gregory will be responsible for creating this...
ACE USA Names McDonnell Chief Financial Officer
Jun 25 2002 // ACE USA appointed Francis W. McDonnell to chief financial officer. McDonnell will report to Susan Rivera, president of ACE INA Holdings, Inc. Based in Philadelphia, McDonnell will have overall responsibility for all...
Chubb Personal
Jun 10 2002 // The Chubb Group of Insurance Companies has launched a new interactive online resource for both personal insurance agents and customers. Two key features of the new site are its co-branding opportunities for agents and...
ACE USA Names Gregory President of ACE Casualty Risk
May 31 2002 // ACE USA appointed Geoffrey G. Gregory to president, ACE Casualty Risk. Gregory has responsibility for the creation of a new casualty umbrella unit within ACE USA. ACE Casualty Risk will provide up to $25M in...
Chubb Estimates $34 Million in Claims from PPG Asbestos Settlement
May 16 2002 // New Jersey-based Chubb Corp. acknowledged that it expects to may around $34 million as its portion of the $2.7 billion settlement reached by PPG Industries to settle over 435,000 asbestos related cases against its bankrupt...
Chubb Unveils New Personal Insurance Web Site
May 8 2002 // The Chubb Group of Insurance Companies has launched www.chubb.com/personal, a new interactive online resource for both personal insurance agents and customers. Two key features of the new site are its co-branding...
Terrorism
Apr 29 2002 // Nuts & Bolts: ACE USA is offering a specialist solution to several specific industry classes with a shortage of terrorism related insurance capacity. The ACE terrorism insurance product is focused on U.S. and Canadian...
Chubb Opens Zone Office in Melbourne for Asia/Pacific Political Risk
Apr 26 2002 // The Chubb Group announced that it has opened a new office in Melbourne, Australia, “to further support the growing demand for political risk insurance in the Asia/Pacific region.” The office is the third...
ACE USA to Offer Specialized Coverage for U.S., Canada to Insure Against Terrorism Risk
Apr 12 2002 // ACE USA announced that it would provide a specialist solution to several specific industry classes with a shortage of terrorism related insurance capacity. The ACE terrorism insurance product is focused on U.S. and...
Chubb Downgraded
Mar 11 2002 // Fitch Ratings downgraded several ratings of The Chubb Corporation (Chubb) and removed them from rating watch negative. The actions include lowering Chubb’s senior debt rating to “AA-” from...
Fitch Downgrades Chubb
Feb 20 2002 // Fitch has downgraded several ratings of The Chubb Corporation (Chubb) and removed the ratings from Rating Watch Negative. The actions include lowering Chubb’s senior debt rating to “AA-” from...
ACE USA Professional Risk to form Strategic Alliance with E-Risk Services
Jan 29 2002 // ACE USA Professional Risk has formed a strategic alliance with E-Risk Services, LLC, a Managing General Agent. Under the terms of the agreement, ACE USA Professional Risk will utilize E-Risk Services to market, underwrite...
When Good Employees Go Bad: Crime Insurance for Employee Dishonesty & Fraud
Jan 28 2002 // • A California man pled guilty to knowingly receiving, possessing and without authorization appropriating stolen trade secret information belonging to his former employer—specifically, customer and order information in...
When Good Employees Go Bad: Crime Insurance for Employee Dishonesty & Fraud
Jan 14 2002 // A California man pled guilty to knowingly receiving, possessing and without authorization appropriating stolen trade secret information belonging to his former employer—specifically, customer and order information in...
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...
