A leading provider of property and casualty insurance to businesses and individuals is coming to Baltimore, Gov. Robert Ehrlich announced.
The Chubb Corporation, based in Warren, N.J., expects to open a commercial insurance policy processing center in Baltimore by the end of 2006, bringing up to some 200 jobs to the state.
Maryland was chosen after two years of discussions and ultimately involved the Baltimore Development Corporation and the Economic Alliance of Greater Baltimore.
“Financial services companies such as Chubb benefit from locating in Greater Baltimore due to the regions strong, trained work force, cost competitive Northeast location, and superior quality of life,” said Christian Johansson, president and CEO of the Economic Alliance of Greater Baltimore.
Was this article valuable?
Here are more articles you may enjoy.
Willis Towers Watson Accuses Lockton of ‘Smash and Grab’ of Construction Team 
Global Insured Catastrophe Losses Expected to Average $171 Billion Annually: Verisk 
USI Sues 3 Former Producers After They Allegedly Moved Clients to Howden US 
As AI Agents Go Rogue, Cyber Insurers Are Adapting Their Policies 
