What's changed at Chubb
Every update we've tracked for Chubb, newest first. Each one links to the full note.
-
AM Best affirms Chubb at A++ (Superior)
AM Best affirmed its A++ (Superior) financial strength rating. The rating is for the Chubb Group of Insurance Companies. That group pools the companies Chubb Limited owns in the U.S., Canada, Bermuda and Europe.
-
Chubb says it is shrinking storm exposed property while growing high net worth
On its third quarter call, Chubb said high net worth premium grew about 11.5 percent. It said it can underwrite a home anywhere. But property premium shrank where it could not get enough rate for catastrophe risk.
-
ACE completes purchase of The Chubb Corporation, takes the Chubb name
ACE Limited closed its purchase of The Chubb Corporation on Jan 14, 2016. It renamed itself Chubb Limited on Jan 15, 2016. Federal Insurance Company and the other Chubb companies joined the ACE group.
-
Chubb drops wind coverage for new buyers in 14 coastal counties
Chubb stopped offering wind coverage to new Masterpiece homeowners customers. This was in 14 southern coastal Florida counties. At the time it was called its latest step to cut its Florida business.