On January 14, 2016, ACE Limited acquired The Chubb Corporation, creating a global insurance leader operating under the reowned Chubb name.
Chubb is one of the world's largest multiline property and casualty insurers. With operations in 54 countries, Chubb provides commercial and personal property & casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
Chubb Limited, the parent company of Chubb, is listed on the New York Stock Exchange (NYSE: CB). Chubb's core operating insurance companies maintain financial strength ratings of AA from Standard & Poor's and A++ from A.M. Best.
With both general and life insurance operations, ACE has been present in Hong Kong for more than 90 years via acquisitions by its predecessor companies. A niche and specialist general insurer, ACE’s product offerings include Property, Casualty, Marine, as well as Accident & Health programs for large corporates, midsized commercial and small business customers. In addition, the ‘AA-’ long term insurer financial strength and counterparty credit ratings by Standard & Poor’s are indicative of the company’s strong capitalization. Over the years, ACE has built strong client relationships by offering responsive service, developing innovative products and providing market leadership built on financial strength.