Chubb Limited, through its subsidiaries, operates as an insurance and reinsurance company worldwide. The company offers commercial insurance products and service offerings, such as risk management programs, loss control and engineering and complex claims management. The company provides specialized insurance products ranging from Directors & Officers (D&O) and professional liability to various specialty-casualty and umbrella and excess casualty lines to niche areas, such as aviation and energy. The company also offers personal lines insurance coverage, including homeowners, automobile, valuables, umbrella liability, and recreational marine products. In addition, the company supplies personal accident, supplemental health, and life insurance to individuals in select countries. Segments The company operates through five business segments: Insurance – North American P&C; Insurance – North American Agriculture; Insurance – Overseas General; Global Reinsurance; and Life. Insurance – North American P&C The Insurance – North American P&C segment consists of operations in the U.S., Canada, and Bermuda. This segment includes its retail divisions: ACE USA (including ACE Canada), ACE Commercial Risk Services, and ACE Private Risk Services, which includes the Fireman’s Fund high net worth personal lines business acquired effective April 1, 2015; its wholesale and specialty divisions: ACE Westchester and ACE Bermuda; and various run-off operations, including Brandywine Holdings Corporation (Brandywine). Products and Distribution ACE USA provides a range of traditional and specialty P&C, A&H, and risk management products and services to a group of North American commercial and non-commercial enterprises and consumers. ACE USA distributes its insurance products primarily through a limited number of retail brokers. In addition to using brokers, certain products are also distributed through general agents, independent agents, managing general agents (MGA), managing general underwriters, alliances, affinity groups, and direct marketing operations. Products and services offered include property, general liability, umbrella and excess liability, workers' compensation, commercial marine, automobile liability, professional lines D&O and errors and omissions (E&O), surety, medical liability, environmental, inland marine, aerospace, A&H coverages, as well as claims and risk management products and services. ACE USA's on-going operations are organized into the following distinct business units each offering specialized products and services targeted at specific niche markets: ACE Risk Management offers a range of customized risk management primary casualty products designed to help mid-size to large insureds, including national accounts, address the significant costs of financing and managing risk for workers’ compensation, general liability and automobile liability coverages. Within ACE Risk Management, ACE Financial Solutions (AFS) underwrites contractual indemnification policies in which AFS provides prospective coverage for loss events within the insured’s policy retention levels, and underwrites assumed loss portfolio transfer (LPT) contracts in which insured loss events have occurred prior to the inception of the contract. LPT contracts can cause significant variances to premiums, losses and loss expenses, and expense ratios in the periods in which they are written. ACE Foreign Casualty provides products, which insure specific global operating risks of U.S.-based multinational companies and include deductible programs, captive programs, and paid or incurred loss retrospective plans for U.S.-based insured's foreign operations. ACE North America Property & Specialty Lines provide products and services including primary, quota share and excess all-risk insurance, risk management programs and services, commercial and inland marine products, and aerospace products. ACE Casualty Risk key coverages include umbrella and excess liability, environmental risk, and casualty programs for commercial construction related projects. ACE Professional Risk provides management liability and professional liability (D&O a
chubb ltd (AEX:Frankfurt)
Phone: 41 43 456 76 00
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