Latest Chubb Headlines

All the headlines from our Chubb Topic Page, ordered by recency.

Non-Covered Claims May Exhaust Primary Limits, Trigger Umbrella

Jul 10 2014 // A recent ruling from the Fifth Circuit Court of Appeals in Louisiana clarified that an umbrella policy may be triggered even when the underlying insurance is exhausted by claims that would not be covered by the umbrella...

ACE Expands Life Sciences Coverage through Wholesale Division

Jul 1 2014 // ACE Group has expanded its suite of products developed to address the needs of U.S.-based life sciences companies through its wholesale-focused business, ACE Westchester Professional Risk. The ACE Westchester Professional...

ACE Group Appoints Heard Sr. VP – Latin American Personal and Business

May 8 2014 // The ACE Group announced the appointment of David Heard as Senior Vice President, Personal and Business Insurance, for the company’s Latin America region. He takes over responsibility for all personal lines and small...

PartnerOne Environmental, ACE Westchester Launch New Energy Product

May 6 2014 // PartnerOne Environmental has partnered with ACE Westchester Environmental to offer PartnerOne Energy Select, a new packaged insurance product specifically for environmental energy contractors and consultants. PartnerOne...

Former Chubb COO Degnan Nominated as Chairman of Port Authority of N.Y.-N.J.

Apr 30 2014 // John Degnan, a former chief operating officer of Chubb Corp., was nominated for chairman of the Port Authority of New York and New Jersey by New Jersey Governor Chris Christie, filling a vacancy brought on by the scandal...

Supply Chain, Data Breach, Political Unrest Top Overseas Risks for Businesses: Chubb

Apr 29 2014 // As U.S. and Canadian businesses plan to expand their business overseas this year, their executives are worried about supply chain failures, data breaches and political instability, according to a survey by the Chubb Group...

ACE Group Appoints Wixtead to Head Tempest Re; O’Donnell for Tempest Re USA

Apr 29 2014 // The ACE Group has appointed James Wixtead as Sr. VP, ACE Group, and President of ACE Tempest Re Group, the company’s global reinsurance business. He currently serves as Division President of ACE Tempest Re USA....

ACE Appoints Bonneau Exec. VP-Global Underwriting; Zaccaria for No. Am.

Apr 29 2014 // The Zurich-based ACE Group announced the appointment of Jacques Bonneau, currently ACE Group Executive VP and head of the company’s global reinsurance business, as Executive Vice President, Global Underwriting, with...

Chubb Reports Drop in 1Q Profit Due to Winter Weather, Fire Losses

Apr 25 2014 // The Chubb Corp. reported a drop in net income in the first quarter of 2014 to $449 million, compared to $656 million in the first quarter of 2013. The drop was due in large measure to claims from severe winter weather and...

People – East

Apr 21 2014 // Jerry HourihanAmerican International Group (AIG) has named Jerry Hourihan as president of Private Client Group for the U.S. and Canada. He will report to Ralph Mucerino, CEO of Consumer Regional, Americas.Hourihan will be...

Chubb Appoints Barr as European Environmental Manager

Apr 1 2014 // Chubb Insurance Company of Europe SE announced the appointment of David Barr to the role of European Environmental Manager.Fred Shurbaji, Chubb European Commercial Manager, explained that Barr “will be responsible...

ACE Introduces Passenger Accident Insurance for Motor Carriers

Mar 28 2014 // ACE Group has introduced standalone passenger accident insurance for motor carriers. The coverage provides accidental death and dismemberment and accident medical/dental expense benefit coverage for authorized passengers...

Chubb Appoints Draper as UK & Ireland Casualty Manager

Mar 24 2014 // Chubb Insurance Company of Europe SE has announced the appointment of Dave Draper to the role of UK & Ireland Casualty Manager. Andy Francis, Chubb UK & Ireland Commercial Manager noted his “experience and...

Wong to Head ACE Group Asia-Pacific Financial Lines Business in Restructuring

Mar 24 2014 // The ACE Group announced that Stanley Wong will assume the role as the new Regional Head of Financial Lines for Asia Pacific with immediate effect. He has been Financial Lines Manager for Asia since 2008.ACE said Wong...

ACE, ESIS Launch Programs for Construction Industry Addressing OSHA

Mar 21 2014 // ACE has launched specialized servicing capabilities designed for the construction industry through ESIS, Inc., a risk management services company owned by ACE Group. These services are available for general contractors,...

Best Revises Outlook on Chubb and Subs ICR Ratings to Positive; Affirms FSR

Mar 21 2014 // A.M. Best has revised the outlook of the issuer credit ratings (ICR) to positive from stable and affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the ICRs of “aa+”of the...

Chubb Sharing Economy Poll: 36% Open to Renting Others’ Homes for Vacation

Feb 5 2014 // More than one-third (36 percent) of Americans would rent someone else’s home for vacation, but far fewer (20 percent) would rent out their own home to others, according to a new survey sponsored by the Chubb Group of...

ACE Expands Accelerator Portal to Construction Industry

Feb 3 2014 // The ACE Group has expanded its ACE Accelerator portal to allow access to construction industry clients. More specifically, the portal will now be made available to risk managers who support specialty and large general...

Chubb Reports 4Q Profit Surge a Year After Sandy

Jan 31 2014 // Chubb Corp., the insurer of corporate boards and high-end homes, said profit surged as margins improved a year after Superstorm Sandy.Fourth-quarter net income rose to $569 million, or $2.24 a share, from $102 million, or...

IICF Names Chubb’s Petrosino Chairman of National Board

Jan 17 2014 // The Insurance Industry Charitable Foundation named Gary C. Petrosino, executive vice president and Western U.S. Territory field operations officer of Chubb & Son, chairman of its national board of governors.Petrosino...