The Chubb Corporation, through its subsidiaries, provides property and casualty insurance to businesses and individuals worldwide. Property and Casualty Insurance The company’s property and casualty insurance companies referred to as the Chubb Group of Insurance Companies (the P&C Group). The P&C Group consists of subsidiaries domiciled both inside and outside the United States. Federal Insurance Company (Federal) is the primary insurance subsidiary in the P&C Group and is the parent company of majority of the company’s other insurance subsidiaries. Chubb & Son, a division of Federal (Chubb & Son), is the manager of various U.S. subsidiaries in the P&C Group. Chubb & Son also provides certain services to other insurance companies included in the P&C Group. The insurance companies included in the P&C Group that are based in the United States are Federal; Chubb Custom Insurance Company; Pacific Indemnity Company; Chubb National Insurance Company; Executive Risk Indemnity Inc.; Executive Risk Specialty Insurance Company; Great Northern Insurance Company; Chubb Lloyds Insurance Company of Texas; Vigilant Insurance Company; Chubb Insurance Company of New Jersey; Chubb Indemnity Insurance Company; and Texas Pacific Indemnity Company. The principal insurance companies included in the P&C Group that are based outside the United States are Chubb Insurance Company of Europe SE; Chubb Insurance Company of Australia Ltd.; Chubb Insurance Company of Canada; Chubb Argentina de Seguros, S.A.; and Chubb do Brasil Companhia de Seguros. The P&C Group has insurance subsidiaries based in locations outside the United States, including Mexico, Colombia and Chile. Federal has various branches based in locations outside the United States, including Korea, Singapore, and Hong Kong. Property and casualty insurance policies are separately issued by individual companies included within the P&C Group. The P&C Group operates through three business units: Chubb Personal Insurance, Chubb Commercial Insurance, and Chubb Specialty Insurance. Chubb Personal Insurance Chubb Personal Insurance offers personal insurance products for homes and valuable articles (such as art and jewelry), primarily for high net worth individuals. The company’s homeowners business represents approximately half of the total net premiums written of Chubb Personal Insurance. Chubb Personal Insurance also offers personal insurance products for fine automobiles and yachts, as well as personal liability insurance (both primary and excess). In addition, it provides personal accident and limited supplemental health insurance to a range of customers, including businesses. The primary market for Chubb Personal Insurance products is the United States. The primary markets for the company’s homeowners and automobile insurance products outside the United States are Canada, Europe and Brazil. The primary markets for its accident and health insurance products are the United States, Latin America (primarily Brazil), and Europe. Chubb Commercial Insurance Chubb Commercial Insurance offers a range of commercial insurance products. The company’s underwriting strategy focuses on specific industry segments and niches. Majority of its commercial customer base comprises mid-sized commercial entities. The company’s insurance offerings include multiple peril, primary liability, excess and umbrella liability, automobile, workers’ compensation and property and marine. The primary market for Chubb Commercial Insurance products is the United States. The primary markets for the company’s commercial products outside the United States are Europe, Canada, and Australia. Chubb Specialty Insurance Chubb Specialty Insurance offers various specialized professional liability products for privately held and publicly traded companies, financial institutions, professional firms, healthcare, and not-for-profit organizations. Chubb Specialty Insurance products primarily include directors and officers liability insurance, errors and omissions liability insurance, employment practices liability insurance, fiduciary liability insurance, and commercial and financial fidelity insurance. The primary market for these products is the United States. Outside the United States, the primary markets for these products are Europe, Australia, and Canada. Chubb Specialty Insurance also offers surety products, primarily in the United States and Latin America. Sales and Marketing In the United States, the P&C Group primarily offers products through independent insurance agencies and accepts business on a regular basis from insurance brokers. These include major international, national, regional and local agencies and brokers. In various instances, the company’s agents and brokers also offer insurance products of other companies that compete with the P&C Group’s insurance products. Certain of its products are also distributed through program managers and other wholesale agencies and brokers. Outside the United States, the P&C Group primarily offers products through international, national, regional and local insurance brokers. Local offices of the P&C Group assist the brokers in producing and servicing the business. Certain products (in particular, personal automobile and accident and health products) also are distributed through program managers, business centers, alliances with financial institutions and other businesses, automobile dealers, affinity groups and direct marketing operations. In addition to insurance products issued directly to insureds, the P&C Group, to a far lesser extent, assumes reinsurance from other insurance carriers for some lines of business both inside and outside the United States. The P&C Group also produced business outside the United States in additional locations, including other countries in Europe, Mexico, Colombia, Argentina, Korea, Singapore, Chile, Hong Kong, China, Malaysia, and Japan. History The Chubb Corporation was founded in 1882. The company was incorporated as a business corporation under the laws of the state of New Jersey in 1967.
chubb corp (HUB:Frankfurt)
15 Mountain View Road
Warren, NJ 07059
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