August 20, 2017 2:36 AM ET

Insurance

Company Overview of Chubb Bermuda Insurance Ltd.

Company Overview

Chubb Bermuda Insurance Ltd. provides casualty, professional liability, and property insurance products to corporate clients in Bermuda. It also offers excess liability and property, political risk and sovereign credit, and damage liability insurance products; and reinsurance products. Chubb Bermuda Insurance Ltd. was formerly known as ACE Bermuda Insurance Ltd. and changed its name to Chubb Bermuda Insurance Ltd. in July 2016. The company was founded in 1985 and is based in Hamilton, Bermuda. Chubb Bermuda Insurance Ltd. operates as a subsidiary of ACE Group Management and Holdings Ltd.

ACE Building

17 Woodbourne Avenue

Hamilton,  HM 08

Bermuda

Founded in 1985

Phone:

441-295-5200

Fax:

441-295-5221

Key Executives for Chubb Bermuda Insurance Ltd.

Chief Financial Officer and Senior Vice President
Chief Operations Officer and Senior Vice President
Chairman of ACE Limited and Chief Executive Officer of ACE Limited
Age: 62
President of Sovereign Risk Insurance Ltd
President of ACE Tempest Re Group and Senior Vice President of ACE Group
Compensation as of Fiscal Year 2017.

Chubb Bermuda Insurance Ltd. Key Developments

ACE Limited, ACE Bermuda Insurance Ltd., ACE Tempest Life Reinsurance Ltd., ACE Tempest Reinsurance Ltd. and ACE INA Holdings Inc. Enter into Commitment Increase Agreement to Increase Letter of Credit Capacity With a Group Of Lenders And Wells Fargo Bank, National Association

On December 11, 2015, ACE Limited, ACE Bermuda Insurance Ltd., ACE Tempest Life Reinsurance Ltd., ACE Tempest Reinsurance Ltd. and ACE INA Holdings Inc. (borrowers) entered into a Commitment Increase Agreement to increase the letter of credit capacity under its syndicated credit agreement, originally entered into on November 6, 2012, with a group of lenders and Wells Fargo Bank, National Association, as administrative agent. Pursuant to the Increase Agreement, the amount of the commitments under the Credit Agreement increased from $1,000,000,000 to $1,500,000,000, all of which may be used for the issuance of letters of credit and up to $300,000,000 of which may be used for revolving loans. The Increase Agreement did not change any other terms of the Credit Agreement, which is scheduled to mature in November 2017.

Similar Private Companies By Industry

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AGER Bermuda Holding Ltd. Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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