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.
The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
Chubb’s parent company is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index.
Chubb Insurance Pakistan Limited (formerly ACE Insurance Limited) 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.In January 2016, ACE Limited acquired The Chubb Corporation, creating a global insurance leader operating under the renowned Chubb name.
Having established its position as a leading insurer of Property, Casualty, Marine and specialised risks in the country, Chubb is also a pioneer in the area of Direct Marketing of Accident & Health insurance. We additionally offer a comprehensive range of travel insurance. The company's highly-skilled team is 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.