Chubb overview

The Chubb Group of Insurance Companies has been delivering property and casualty insurance products and services to businesses and individuals around the world for more than 130 years.

Chubb claims to be the largest publicly traded property and casualty insurance company in the world, the largest commercial insurer in the U.S, and operating in 54 countries and territories. They are a personal lines writer, a leading middle market, small commercial and large industrial commercial insurer and provide a wide range of coverages.

This coverage ranges from personal insurance which includes property, auto, cyber and more, as well as a large number of commercial insurance products covering a wide range of industries from aerospace to wineries. Their products and services are distributed through brokers, independent agents, exclusive agents and various forms of direct marketing. Chubb has over 30,000 employees in over 625 offices worldwide. The firm also offers Chubb Travel Smart. Available only to select policyholders, it uses state-of-art information mining technology to enable quick identification and communication of potential threats based on location or planned destination. It aggregates and filters information from thousands of different sources globally, including news media, government institutions, security and health information databases and social media. Chubb then reviews the information to ensure accuracy before warning the policyholder.

As of the end of their 2018 fiscal year, they have written $38B of gross premiums and declared total revenue of $32.68B, gross profit of $8.11B and a net income of $3.96B. They also declared a total of $167.8B in assets.

On January 14th, 2016, ACE Group acquired Chubb for $28.3B in cash and stock and adopted the Chubb name and rebranded the company.

In March 2018, Chubb revealed its partnership with popular ride-hailing platform, Grab, as part of its strategy to expand further into Southeast Asia. The corporate will offer accident, hospitalisation and other critical insurance cover for drivers and their cars via Grab’s driver app, which currently has over 2.6m drivers. In July 2018, too, they announced a partnership with Insurtech Bunker Technologies to accelerate a new insurance product aimed at the flexible working environment. In November 2018, they announced a partnership with Hartford Steam Boilerto begin installing IoT technology in the homes and businesses of Chubb policyholders. The sensors and devices will monitor for water leaks and changes in temperature, humidity, vibration and water pressure that, if left undetected, can lead to severe property damage.

Chubb also became the first business to deploy an integrated Structured Data Capture (SDC) service from the London Market’s Target Operating Model (TOM). Chubb logoSDC is capable of converting content from documents into electronic, ACORD-approved data. They claim to be investing $1B annually to become a digitally integrated company.

In January 2020, Grab announced it was launching Travel Cover in partnership with Chubb. Travel Cover is an on-demand travel insurance service that can be purchased within the Grab app, enabling users to get cover from S$2.50 a day to any destination.

In June Chubb partnered with GoBear, a financial services platform, to launch 'Work From Home Care' in Singapore. The new white-level insurance bundle offers protection against risks residents face whilst working from home during the pandemic.

Chubb launched MasterPackage for Technology Companies in August 2020, which offers specialist technology underwriters, risk engineers and claims handlers, as well as cyber support, for technology businesses in the UK.

In October Chubb UK launched a new personal cyber insurance product to help protect individuals and their families against data breaches, lost/stolen digital content, online harassment, and cyber extortion.

In February 2021, Chubb launched a new digital brand, Blink, to meet the needs of younger consumers. It will partner with insurtechs and retailers through APIs and white-label offerings, to distribute its products - the first of which is a personal cyber protection, which covers identity theft and cyber extortion, amongst other risks. Life, Sick Pay, Pet, Travel and more products are to come soon.

In March 2021 Chubb proposed a $23bn takeover of The Hartford, which was rejected. The two companies had both grown significantly in the past year (shares of the Hartford have more than doubled over the past year, whereas Chubb shares are up 72% in the same time frame), and Hartford had been eyed as a potential acquisition candidate for awhile, as it would help Chubb expand further in auto, home, and particularly small business and employee benefits. 

Map showing the location of Chubb

Zürich, Switzerland

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Key people

Larry Kellner Member of the Board of Directors
Orazio Rossi Country President, Italy
Sean Ringsted Chief Digital Officer
Shekar Pannala Chief Technology Officer & Global Digital CIO
Thomas Caldecot Chubb Co-Founder
Maria Guercio Clean Tech Industry Practice Leader
Zorica Todorovic Senior Vice President Operations & IT, Chief Information Officer
Al Zollar Board Member
Sharon Ashton SVP Commercial Automobile Manager/ Business Technology Leader
Nick Bellamy Principal Cyber Risk Engineer & Technology Industry Practitioner
Sheila Burke Member of the Board of Directors
James Cash Member of the Board of Directors
Ivy Kusinga Senior Vice President, Chief Culture Officer
Kyle Bryant Regional Manager, Cyber Risks, Continental Europe
Bill Stewart Division President of Chubb’s Global Cyber Risk practice
Percy Chubb Co-Founder
Jameson Tucker Allen Data Engineer
John Finnegan Chairman of the Board, President, Chief Executive Officer
Robert Cox Executive Vice President - Chubb & Son
Maureen Brundage Executive Vice President, General Counsel
Walter Barnes Senior Vice President and Chief Actuary of Chubb & Son
Richard Spiro Chief Financial Officer, Executive Vice President
John Kennedy Senior Vice President, Chief Accounting Officer
Steven Pozzi Executive Vice President of Chubb & Son
Mark Korsgaard Executive Vice President of Chubb & Son
Kathleen Tierney Executive Vice President of Chubb & Son
Harold Morrison Executive Vice President, Chief Global Field Officer and Chief Administrative Officer of Chubb & Son
Timothy Flynn Director
Karen Hoguet Member of the Board of Directors
William Weldon Board Member
Paul Krump President - Personal Lines and Claims
Dino Robusto President - Commercial and Specialty Lines
John Keogh Executive Vice Chairman & COO
Bill Wootton Entertainment Underwriter
Philip Bancroft EVP & CFO
Evan Greenberg Chairman & CEO
Andrew Pelcin Vice President, Claims Data Analytics Implementation
Louisa Lombardo Head of Diversity and Inclusion, Europe Eurasia and Africa
Dawn Miller SVP, Middle Market/SME, Industry Practices and Distribution, Europe.
Laura Bennett SVP e-Consumer North America
Christophe Laguet Regional Head of Digital Marketing - Continental Europe
Edward Fabian CIO, APAC