Chubb.com Represents a group of commercial insurance companies in NJ
Chubb Group of Insurance Companies
The Chubb Corporation is holds a group of property and casualty insurance companies under the name Chubb Group of Insurance Companies. These companies are collectively managed by Chubb & Son, a division of Federal Insurance Company. Based in Warren, NJ, Chubb Corporation is one of the huge insurance companies of the United States with over 13,000 employees. The company has over 120 offices spread across 29 countries. With its insurance services ranging from commercial, specialty, surety, and personal, the corporation is ranked as 156 in the Fortune 200 listing.
History
Established as a marine insurance underwriting business in 1882, Chubb Corporation has today grown as a multibillion-dollar insurance firm handling global property and casualty insurance. Thomas Caldecot Chubb and his son Percy opened their marine underwriting business in the seaport district of New York City in 1882. They collected $1000 each from 100 prosperous merchants and gave a start by insuring ships and cargos. In a short time, the company could win the confidence of a band of insurance agents and brokers who placed the business of their clients with Chubb underwriters.
From the beginning, Chubb did not ever compromise on quality services for expanding its business. In all of its customer policy, the company emphasized factors such as "Never compromise integrity". In 1957, Hendon Chubb joined his older brother Percy in the firm. With a successful journey, the company formed the Chubb Corporation in 1967 and got listed in New York Stock Exchange in 1984. The company ranks among top 10 Insurance firms that are publicly traded.
Profile
Chubb Corporation has been rated high for financial strength by A.M. Best, Standard and Poor’s and Moody’s rating agencies. The total assets of the company are $48 billions. In 1967, the company got listed in the New York Stock Exchange with a ticker symbol CB. Through more than 13,000 employees and 8,000 independent brokers, the company operates across North America, Europe, Latin America, Asia and Australia with more than 120 offices in 29 countries.
Services
Chubb Commercial Insurance provides an array of more than 90 insurance policies and services. Chubb is the third largest writers of U.S. package policies, which is the heart of most insurance programs in the country. The unique specialties of Chubb Corporation include exporters package insurance, controlled master programs, and political risk insurance. With an experience of more than 25 years, Chubb is the largest underwriter of information and network technology companies. Chubb’s Property and Casualty Life Sciences program is officially endorsed by The Biotechnology Industry Organization (BIO). As a global network of underwriting and service professionals, Chubb Marine Underwriters develops and delivers first-rate marine insurance solutions. Chubb Specialty Insurance provides a wide range of unique management and professional liability products for companies that are owned privately and publicly apart from non-profit organizations, and healthcare organizations. The personal insurance segment of the company offers high coverage policies with high limits for individual homes and possessions. The company’s masterpiece suite of products provides insurance for primary and vacation homes and contents, city homes, valuable possessions, automobiles, watercraft and personal liability. Apart from surety products such as construction support, Chubb surety also provides bid, performance and payment bonds to reputed construction companies. The unique specialty area of the company is insuring yachts valued more than $1 million.
Unique Features
The company has employed a range of risk management specialists who access a variety of alternative transfer financing mechanisms for those companies that are willing to assume a portion of their own risk. The company’s risk engineers have provided a vast array of services to eliminate or minimize the loss potential of the customers. Chubb is officially endorsed by the National Newspaper Association, the Association of Corporate Counsel, and the American Bar Association, and is a national sponsor of the Women Presidents’ Organization. Chubb is rated as number one writer of D&O liability insurance across the globe by Tillinghast 2005 D&O Liability Survey.
Website
Chubb.com provides a fair amount of details pertaining to the company, its history and services. The list of sites under references and additional readings might help more to learn more about the company.
Languages
English
Address
- 15 Mountain View Rd
- Warren NJ 07059 US
Contact
- Telephone: (908) 903-2000
- Fax: (908) 903-2027
- Telex: 299719
