All the headlines from our Chubb Topic Page, ordered by recency.
Mar 11 2002 // Fitch Ratings downgraded several ratings of The Chubb Corporation (Chubb) and removed them from rating watch negative. The actions include lowering Chubb’s senior debt rating to “AA-” from...
Feb 20 2002 // Fitch has downgraded several ratings of The Chubb Corporation (Chubb) and removed the ratings from Rating Watch Negative. The actions include lowering Chubb’s senior debt rating to “AA-” from...
Jan 29 2002 // ACE USA Professional Risk has formed a strategic alliance with E-Risk Services, LLC, a Managing General Agent. Under the terms of the agreement, ACE USA Professional Risk will utilize E-Risk Services to market, underwrite...
Jan 28 2002 // • A California man pled guilty to knowingly receiving, possessing and without authorization appropriating stolen trade secret information belonging to his former employer—specifically, customer and order information in...
Jan 14 2002 // A California man pled guilty to knowingly receiving, possessing and without authorization appropriating stolen trade secret information belonging to his former employer—specifically, customer and order information in...
Jan 4 2002 // ACE USA announced that it has become a member company of the USAIG aviation pool.Under the agreement, future ACE USA Business Aviation accounts for corporate aviation, non-critical products, pleasure and business aircraft...
Jan 2 2002 // Chubb Corp. is reportedly still interested in acquiring London-based specialty insurer Hiscox Plc, despite the rejection of a friendly offer made last January. It’s raised its stake in the company to over 28 percent...
Dec 20 2001 // A.M. Best has assigned an initial financial strength rating of A+ (Superior) to Bermuda-based Allied World Assurance Company Ltd. (AWAC), the insurer formed in November by American International Group, Chubb Insurance...
Dec 14 2001 // Insurer Chubb Corp. announced it foresees its 2002 earnings will be at the low end of Wall Street estimates as the insurance industry tangles with high losses and costs. According to a Reuters report, New Jersey-based...
Dec 13 2001 // Following up its previous announcement (See IJ Website Dec. 5) Standard & Poor’s reaffirmed its mostly single-‘A’-minus ratings on the ACE Group of companies, while A.M. Best affirmed its A+...
Dec 4 2001 // Insurer Chubb Corp. said it has $220 million in maximum pre-tax exposure to surety bonds relating to Enron Corp. Surety bonds, sold by Chubb and other insurers to a wide variety of companies, make payments on financial...
Dec 3 2001 // Chubb Specialty Insurance (CSI), part of the Chubb Group of Insurance Companies, has consolidated three of its product groups into a new business unit called Chubb Professional, or “ChubbPro.” Sean M....
Nov 28 2001 // Fitch assigned a rating of ‘AA’ to The Chubb Corporation’s offering of $600 million of new senior debt securities.The offering includes $400 million of 6.0 percent senior notes due 2011, and $200 million...
Nov 27 2001 // American International Group and Chubb Corp. have joined with GS Capital Partners 2000, L.P., an investment fund managed by Goldman Sachs & Co.to establish Allied World Assurance Holdings Ltd. with a total equity...
Nov 26 2001 // Standard & Poor’s removed from CreditWatch and lowered its counterparty credit and senior debt ratings on New Jersey-based Chubb Corp. to “AA-” from “AA+,” its preferred stock rating to...
Nov 16 2001 // Chubb Specialty Insurance (CSI), part of the Chubb Group of Insurance Companies, has consolidated three of its product groups into a new business unit called Chubb Professional, or “ChubbPro.” Sean M....
Nov 12 2001 // Chubb Corp. CEO Dean R. O’Hare will speak at Credit Suisse First Boston’s Insurance Seminar on Wednesday, November 14 at 8:00 a.m. EST. Neither Chubb Nor CSFB gave details of the topics he intends to...
Nov 12 2001 // Philadelphia-based Ace USA is seeking permission from the Washington State Insurance Commissioner to exclude acts of terrorism from the policies it issues to businesses. According to a report in The Seattle Times, the...
Nov 9 2001 // Standard & Poor’s removed from CreditWatch and lowered its counterparty credit and senior debt ratings on Chubb Corp. to “AA-” from “AA+”, its preferred stock rating to “A”...
Oct 18 2001 // Dean O’Hare, Chairman and CEO of Chubb Corp., told delegates at a Conference in Paris that business and government must work together to prevent attacks by terrorists or hackers on the Internet that could seriously...