ACE AND CHUBB ARE NOW ONE
ACE has acquired Chubb, creating a global insurance leader operating under the renowned Chubb name.
THE NEW CHUBB
Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
ACE Insurance Limited (Pakistan) traces its roots back to 1948 when it was originally formed as a branch of Home Insurance. Subsequent to the acquisition of CIGNA by ACE, the branch was converted to a wholly-owned subsidiary of ACE Group under the Insurance Law of 2000.
Having established a position as a leading underwriter of Property, Construction and Power Generation risks in the country, ACE is also a pioneer in the area of Direct Marketing of A&H insurance. The company's highly-skilled team, of whom over 90% are graduates and 58% hold a professional qualification, are well equipped to service the needs of clients and brokers in Pakistan
In Pakistan we currently rated ‘AA’ (Double A) by JCR-VIS Credit Rating Company Limited.