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 ‘AA’ insurer financial strength (IFS) ratings of Chubb’s property/casualty insurance subsidiaries, which are led by Federal Insurance Company. The outlook on all of the ratings is stable. “The ratings continue to reflect Chubb’s market position as a leading property/casualty insurer in its commercial and personal lines business segments, history of favorable underwriting performance, strong capital position at both the insurance subsidiary and parent holding company levels, and conservative investment portfolio,” said Fitch. For a complete listing of all of the ratings, as well as the full report go to: www.fitchratings.com.
Topics Chubb
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