October 16, 2017 6:30 PM ET


Company Overview of The Chubb Corporation

Company Overview

The Chubb Corporation, through its subsidiaries, provides property and casualty insurance to businesses and individuals. It offers personal insurance products for homes, valuable articles, homeowners, automobiles, and yachts; and personal liability, and personal accident and supplemental health insurance products. The company also provides various commercial insurance products, including multiple peril, primary liability, excess and umbrella liability, automobile, workers’ compensation, and property and marine insurance products. In addition, it offers specialty insurance products comprising directors and officers liability, errors and omissions liability, employment practices liability, fid...

15 Mountain View Road

Warren, NJ 07059

United States

Founded in 1882





Key Executives for The Chubb Corporation

Executive Vice President and President of Personal Lines & Claims
Age: 57
Senior Vice President and Division President of North America Commercial Insurance
Age: 60
Chief Administrative Officer, Chief Global Field Officer and Senior Vice President
Age: 59
Co-Chief Investment Officer and Executive Vice President
Co-Chief Investment Officer and Executive Vice President
Compensation as of Fiscal Year 2017.

The Chubb Corporation Key Developments

CHUBB COMMERCIAL INSURANCE Presents at InsureTech Connect 2017, Oct-03-2017 03:30 PM

CHUBB COMMERCIAL INSURANCE Presents at InsureTech Connect 2017, Oct-03-2017 03:30 PM. Venue: Caesars Palace, Hotel and Casino, Las Vegas, Nevada, United States. Speakers: SHARON ASHTON, SVP, COMMERCIAL AUTOMOBILE & UNDERWRITING PLATFORM MANAGER.

Chubb Group Announces Management Changes

Chubb Group announced that it promoted Gerard Butler to senior vice president and division president of North America insurance group. Butler, who most recently was Chubb COO of North America field operations, will replace Harold Morrison who will retire at the end of 2017. Morrison will work with Chubb's overseas general insurance division, providing strategic direction for the development of underwriting and distribution structures and processes as it seeks to expand into the commercial middle market segment in Asia, Latin America and Europe. Succeeding Butler is Jeffrey Updyke, COO of North American field operations. In his new role, reporting to Butler, Updyke will assist in the management of the business with specific focus on distribution management, data analytics and sales. Further, he will oversee Chubb Insurance Solutions Agency. Updyke most recently was executive vice president of Northeast and Mid-Atlantic regional manager for Chubb's commercial insurance unit.

Chubb Life Launches Forever Diamond Plus with Guaranteed Cash Coupon Till Age 120

Chubb Life announced the launch of Forever Diamond Plus (the Plan) in Hong Kong. It is a life insurance plan with savings element that offers annual Guaranteed Cash Coupon and non-guaranteed dividends. The Guaranteed Cash Coupon is equal to 7.5% of the latest notional amount for the first five policy anniversaries and 5% of the latest notional amount from the sixth policy anniversary until age 120 of the insured. With a 5-year premium payment term, the Plan may help customers generate potential returns and achieve long-term financial goals. Apart from maintaining the Guaranteed Cash Coupons and non-guaranteed dividends in the policy for interest accumulation, customers could enjoy the flexibility to withdraw the Guaranteed Cash Coupons and the non-guaranteed dividends (if any) to fulfill various financial needs without surrendering the policy nor affecting the death benefit. On top of the life protection up to age 120 of the insured, the Plan offers the Terminal Illness Benefit, giving customers and their families a peace of mind in the event of terminal illness. A guaranteed Cash Coupon will be paid every year commencing from the first policy anniversary. It is equivalent to 7.5% of the latest notional amount for the first five policy anniversaries and 5% of the latest notional amount from the 6th policy anniversary until age 120 of the insured. A guaranteed cash value and non-guaranteed dividends are provided. Customers can opt to withdraw the Guaranteed Cash Coupons and the non-guaranteed dividends (if any), or leave them in the policy for interest accumulation. The Plan provides life protection up to age 120 of the insured. On top of the death benefit, at the death of the insured, the sum of any accumulated Guaranteed Cash Coupons and interest and any accumulated dividends and interest will be paid. If the insured is diagnosed with a terminal illness and has a life expectancy of six months or less, the policyowner can apply for the Terminal Illness Benefit. Once the Terminal Illness Benefit has been fully paid, the policy will be terminated. Easy application without medical examination if the total notional amount of all the policies of Forever Diamond Plus of each insured does not exceed the limit set by the company, which may vary from time to time.

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