Latest Chubb Headlines
All the headlines from our Chubb Topic Page, ordered by recency.
Chubb Adds International Hull Insurance to Its Marine Offerings
Feb 22 2008 // The Chubb Group of Insurance Companies has expanded its marine offerings with the addition of international hull insurance. “The move follows Chubb’s recent appointment of two veteran hull underwriters in...
With Law Changed, Chubb Now Offers Home Invasion Coverage in N.Y.
Feb 12 2008 // It took a new state law but the Chubb Group of Insurance Companies has begun to offer coverage for home invasions, child abductions, car jackings and stalking threats as part of its homeowners policies sold in New York...
Chubb Joins Renewable Energy, Green Building Groups
Jan 31 2008 // The Chubb Group of Insurance Companies has joined the American Council On Renewable Energy and the U.S. Green Building Council. Peter Thompson, vice president, Chubb & Son, and worldwide energy manager for Chubb...
Chubb 4Q Profit Stayed About Even; U.S. Premiums Down 2%
Jan 30 2008 // The Chubb Corp. reported that net income in the fourth quarter of 2007 was $650 million or $1.68 per share, compared to $654 million or $1.56 per share in the fourth quarter of 2006. Operating income increased to $620...
Mass. Reports $4M Judgment Against Insurance Broker Wm. Gallagher
Dec 21 2007 // Massachusetts officials say they have won a $4 million judgment against a large Boston-based insurance broker over questionable compensation and reinsurance practices. Attorney General Martha Coakley’s office...
Business Moves
Dec 2 2007 // Hull & Co., McFall General Hull & Co. Inc. has acquired the assets of McFall General Agency Inc., which has offices in Portland, Ore., and Gig Harbor, Wash. Bob McFall, who founded MGA in 1981 and serves as...
InsuranceNoodle, ACE USA Team Up to Offer New Products
Nov 28 2007 // InsuranceNoodle Inc. announced a broker agreement with the insurance companies of ACE USA, the U.S.-based retail operating division of the ACE Group of Companies. ACE USA will provide workers’ compensation and...
Wash. Fines Chubb & Son $250,000
Nov 28 2007 // Washington Insurance Commissioner Mike Kreidler has fined a New Jersey insurer and its affiliated companies $250,000 for multiple violations of Washington insurance laws discovered during a market conduct examination of...
Rating Recap: Chubb Corp.
Nov 27 2007 // Fitch Ratings announced that it has affirmed all of it ratings for The Chubb Corporation, including the ‘AA-‘ Issuer Default Rating (IDR) and ‘A+’ senior debt rating. Fitch also affirmed the...
ACE USA Names McCarty Senior VP and Western Regional Executive Officer
Nov 21 2007 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced that Robert J. McCarty has been appointed senior vice president and regional executive officer for ACE USA’s western...
ACE USA Rebrands INAMAR as ACE Recreational Marine Insurance
Nov 21 2007 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced that INAMAR, its marine marketing and underwriting division, will now be known as ACE Recreational Marine Insurance. This change in...
Chubb Offers New D&O Policy with Board Committee Endorsement
Nov 21 2007 // The Chubb Group of Insurance Cos. has introduced Executive Elite, an excess directors and officers (D&O) liability policy that provides a dedicated limit of liability for directors and officers that is not shared with...
Business Moves
Nov 4 2007 // AmWINS, London American General AmWINS Group Inc., a national wholesale insurance broker based in Charlotte, N.C., reports it has acquired London American General Agency Inc. Based in San Diego, Calif., London American is...
Chubb Reports 3d Quarter Net Income Up 22%
Oct 26 2007 // The Chubb Corp. reported that net income in the third quarter of 2007 was $738 million or $1.87 per share, compared to $604 million or $1.43 per share in the third quarter of 2006. Operating income, which the company...
Chubb Approved to Form Wholly Owned Chinese Insurer
Oct 19 2007 // The New Jersey-based Chubb Group announced that Federal Insurance Company, a member of the Chubb Group of Insurance Companies, has received approval from the China Insurance Regulatory Commission (CIRC) to convert its...
The Offshore Tax Debate – Déjà vu – All over Again
Sep 28 2007 // At least that’s how Yogi Berra might describe it. On Sept. 25 William R. Berkley, chairman and CEO of the company of the same name, gave a detailed indictment before the Senate Finance Committee of the iniquities...
Chubb lowering homeowners rates in Calif. 18.4 percent
Sep 24 2007 // The California Department of Insurance has announced that Chubb Group of Insurance Companies is implementing a 18.4 percent homeowners insurance rate reduction that is expected to save Californians approximately $14.5...
Chubb Lowering Homeowners Rates in Calif. 18.4 Percent
Sep 17 2007 // The California Department of Insurance has announced that Chubb Group of Insurance Companies is implementing a 18.4 percent homeowners insurance rate reduction that is expected to save Californians approximately $14.5...
Chubb Offers E&O Policy for Government Technology Contractors
Sep 4 2007 // The lack of familiarity with Federal Acquisition Regulations and government immunities can leave U.S. government contractors exposed to costly lawsuits from customers and business partners, says Chubb Group of Insurance...
People and Places
Sep 3 2007 // Richard E. Meuret has been appointed vice president and manager, Field Operations Analysis, for Liberty Mutual Agency Markets regional company operations. Meuret will be based in the insurer’s Boston home office and...
