Chubb is the largest publicly traded property and casualty insurance company in the world, headquartered in Zurich, Switzerland, with operations in more than 54 countries. Originally founded in 1882 in the United States as Chubb & Son, the company has a long history of providing comprehensive insurance coverage to individuals, businesses, and multinational corporations. Chubb offers a wide range of services including property and casualty insurance, accident and health insurance, life insurance, and reinsurance.
As a leader in the insurance industry, Chubb is known for its financial strength, exceptional underwriting expertise, and excellent customer service. With over $200 billion in assets and over 30,000 employees globally, the company serves both personal and commercial clients, offering customized insurance solutions to protect against a variety of risks.
CEO and Founder of Chubb
Chubb was founded by Thomas Caldecot Chubb and his son Percy in 1882. Originally established as a marine underwriting business in New York, the company expanded rapidly into a wide range of insurance services. Chubb's steady growth over the decades has made it a global leader in insurance. Today, the company is led by Evan G. Greenberg, who has been the Chairman and CEO since 2004. Under his leadership, Chubb has continued to grow, particularly after the historic 2016 merger with ACE Limited, which helped solidify Chubb’s position as the largest property and casualty insurer in the world. Greenberg’s strategic vision has helped Chubb focus on innovation and maintain its position as a top player in the global insurance market.
List of Top Companies Under Chubb (USA)
Chubb’s expansive portfolio includes numerous subsidiaries and business units focused on specialized insurance products, as well as regional operations that cater to specific markets. Here’s a list of some of the key companies and subsidiaries under Chubb, along with their approximate valuations:
| Company Name | Year Acquired/Founded | Valuation | Industry |
|---|---|---|---|
| Chubb Insurance Company of America | 1882 (Founded) | $100+ Billion | Property & Casualty Insurance |
| Chubb Bermuda | 1982 (Founded) | Valued within Chubb Holdings | Reinsurance & Specialty Risk |
| Chubb Limited | 2016 (Merged with ACE Limited) | $20+ Billion | Global Insurance |
| Chubb Tempest Re | 1993 (Founded) | $15 Billion | Reinsurance |
| Combined Insurance | 1922 (Acquired) | $3 Billion | Health & Life Insurance |
| Chubb Personal Insurance | Subsidiary of Chubb Group | Integrated within Chubb | Personal Insurance Products |
| Chubb Commercial Insurance | Subsidiary of Chubb Group | Integrated within Chubb | Commercial Risk Solutions |
FAQs About Chubb (USA)
Q1: When was Chubb founded and by whom?
A: Chubb was founded in 1882 by Thomas Caldecot Chubb and his son Percy in New York as a marine underwriting business.
Q2: Who is the current CEO of Chubb?
A: The current CEO of Chubb is Evan G. Greenberg, who has been leading the company since 2004.
Q3: What types of insurance does Chubb offer?
A: Chubb offers a wide range of insurance products, including property and casualty insurance, accident and health insurance, life insurance, and reinsurance services.
Q4: How did Chubb become the largest publicly traded property and casualty insurer?
A: Chubb became the largest insurer after its merger with ACE Limited in 2016, which expanded its global presence and diversified its insurance offerings.
Q5: What is Chubb's global presence?
A: Chubb operates in over 54 countries across North America, Latin America, Europe, Asia-Pacific, and the Middle East, serving both individuals and businesses.
Q6: Does Chubb offer reinsurance services?
A: Yes, Chubb provides reinsurance services through its subsidiary, Chubb Tempest Re, specializing in underwriting specialty risks and catastrophe reinsurance.
