On January 14, 2016, ACE Limited acquired the Chubb Corporation, creating a global insurance leader operating under the renowned Chubb name. The information on this page refers to the new Chubb.
Overseas General Insurance
Overseas General Insurance comprises the company’s retail broker-distributed property and casualty insurance business outside of North America, and Chubb Global Markets, the company’s international excess and surplus lines wholesale business including both its Lloyd’s and London company market operations. These businesses write a variety of coverages, including commercial property, casualty, professional lines, marine, energy, aviation, political risk and construction risk, as well as consumer-oriented products such as A&H and traditional and specialty personal lines. The segment also includes the international operations of Combined Insurance, which provides specialty accident and supplemental health insurance products to middle-income consumers in Europe and Asia Pacific.
North American Insurance
The businesses of the North American Insurance segment serve clients ranging from the largest multinationals to mid-size and small businesses to high net worth individuals. North America Major Accounts, which distributes coverage through retail brokers, provides commercial property and casualty (P&C) insurance products to the large corporate market in the U.S. and Canada. North America Commercial Insurance is the retail commercial P&C insurance business that serves the middle market in the U.S. and Canada. North America Retail Small Commercial is the retail commercial P&C insurance business that serves small commercial clients in the U.S. and Canada. North America Personal Risk Services provides affluent and high net worth individuals and families with homeowners, automobile, valuables, umbrella and recreational marine insurance. Westchester, a Chubb company, specializes in excess and surplus lines specialty products, including property, inland marine, casualty, professional lines, and environmental liability products distributed through wholesale brokers. Chubb Bermuda writes high-level excess liability, property, political risk and directors and officers insurance worldwide.
North American Agriculture
North American Agriculture comprises Rain and Hail, which provides comprehensive multiple peril crop and crop-hail insurance distributed through a nationwide network of specialized agents; and Chubb Agribusiness, which offers farm and ranch property as well as specialty P&C coverages distributed through brokers and agents for companies that manufacture, process and distribute agricultural products.
Marketing its coverage worldwide under the Chubb Tempest Re brand, the businesses of the Global Reinsurance segment provide a broad range of property and casualty reinsurance products to a diverse array of primary insurers. Business units include Chubb Tempest Re Bermuda, Chubb Tempest Re USA, Chubb Tempest Re Canada, and Chubb Tempest Re International, which encompasses P&C reinsurance operations based in London and Zurich. Chubb Tempest Re also has operations in China and Brazil through Lloyd’s.
Chubb Life provides traditional life insurance protection and savings products to meet the needs of individuals and groups primarily in Asia and Latin America. The segment also includes the North American operations of Combined Insurance, which distribute specialty individual accident and supplemental health insurance products predominantly through captive agents to middle-income consumers in the U.S. and Canada. The Life segment also includes the company’s life reinsurance operations, which have been closed to new business since 2007.