Chubb Group
Overview
Chubb is the world’s largest publicly traded P&C insurance company and the leading commercial lines insurer in the U.S. Chubb has more than 200 distinct commercial insurance and reinsurance products and services and specialty coverages for clients ranging from multinational corporations, middle market companies, and small businesses to consumers. With operations in 54 countries and territories, 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 serves multinational corporations, mid-size companies, and small businesses with property and casualty insurance and risk engineering services; affluent and high net worth individuals with substantial assets to protect; individuals purchasing life, personal accident, supplemental health, homeowners, automobile, and specialty personal insurance coverage; companies and affinity groups providing or offering accident and health insurance programs and life insurance to their employees or members; and insurers managing exposures with reinsurance coverage. Every year, Chubb handles more than 3 million new claims globally – from the smallest travel accident incident to the largest weather-related catastrophe – and pays out nearly $17 billion. Chubb has more than $200 billion in assets and reported $52.0 billion of gross premiums written in 2022. Chubb’s core operating insurance companies maintain financial strength ratings of AA from Standard & Poor’s and A++ from A.M. Best. Chubb maintains executive offices in Zurich, New York, London, Paris, and other locations, and employs approximately 40,000 people worldwide.
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Quick Facts
| Company Name | Chubb Group |
|---|---|
| Industry | Insurance |
| HQ Address | Warren, NJ |
| Revenue | $43,166 million [2022] |
| Employee Size | 34,000 people |
| Company Type | Public |
| Fiscal Year-End | December 31st |
| Website | www.chubb.com/us-en/ |
| Subsidiaries | Chubb Insurance (Switzerland) Limited, Chubb Reinsurance (Switzerland) Limited, LINA Life Insurance Company of Korea, Chubb Group Management and Holdings Ltd., Chubb Bermuda Insurance Ltd., Paget Reinsurance Ltd. and More |
| Locations | A local presence in 54 countries and territories around the world. |
| Competitors | Counterpart, Koala, and Obie. |
| Recognition & Awards | In August 2020, Chubb Won Business Insurance 2020 Innovation Award. |
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