4 May 2017Insurance

Chubb wraps up European integration

Property/casualty insurer Chubb has completed the integration of its key operating companies in Europe. The announcement follows the  acquisition of Chubb Corporation by ACE in January 2016, creating a global insurance firm operating in 54 countries.

ACE and Chubb began operating as one organisation in the UK in January 2016, with operations in other European countries.

The insurance business of Chubb Insurance Company of Europe has been transferred to ACE European Group. The name of ACE European Group has also been changed to Chubb European Group, in line with the company's new brand.

On the Lloyd’s market business front, the name of ACE Underwriting Agencies has been changed to Chubb Underwriting Agencies. This follows the transfer of the insurance business of Chubb Managing Agency on September 30, 2016.

"Since January 2016, our priority has been to bring together the compelling complementary strengths of our respective organisations for the benefit of our customers and distribution partners in Europe," Andrew Kendrick, regional president, Europe at Chubb, commented. "The successful legal integration of these insurance companies and our renaming as Chubb represents another milestone in this journey."

Kendrick added: "I am very pleased with the response we have received from the market about our progress so far and enormously excited about our future serving brokers and clients under our new Chubb brand, which stands for insurance craftsmanship and a commitment to excellence in underwriting, service and execution."

Today’s stories

Munich Re leads investment in insurtech firm Next

Swiss Re blames Australian cat claims for slump in Q1 profits

Profits tumble at PartnerRe but CEO highlights positives

Profits up, GWP down at Lancashire as CEO warns on 'unsustainable' rates

Swiss Re spies prospects in Asia as it shuns unprofitable business

Liberty hires chief technology officer from Chubb

AIG returns to profit as it reaps rewards of restructuring

Positive reserve development helps RSA absorb £40m Ogden hit

Willis Towers Watson elevates Tarantello to lead western US

Aon acquires Mayfair's global benefits portfolio to expand in APAC

Investment gains drive Q1 profits at Argo Group amid challenges

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

1 February 2017   Profits at Chubb soared in both the fourth quarter of 2016 and for the full year, reaping the rewards of the ACE-Chubb merger as Evan Greenberg, the company’s CEO, said the company had “achieved or exceeded substantially all of the financial and non-financial targets we set at the time of the merger”.
4 May 2017   Insurer Chubb has expanded its life science team in the UK and Ireland to further build its specialty casualty insurance capabilities for middle-market and multinational businesses across the region.