With reported assets of $52.5 billion and $13.6 billion in revenue, the business has strong financial capacity to offer commercial, personal, surety, and specialty insurance services. The company has more than 130 years of experience and has been delivering exceptional property and casualty insurance products around the world.
The company, founded by Thomas Caldecot Chubb and his son Percy in 1882, started as an insurer of ships and cargoes. They opened their marine underwriting business in the seaport of New York and funded the business by collecting $1000 from 100 prominent merchants in the area. Since its inception, the company has been best known for helping out their policy holders prevent disasters. This is the foundation of the strong relationship between the company and their clientele.
It was in 1967 that the Chubb Corporation got created and it went public through the New York Stock Exchange in 1984. As of today, the business works with 8,500 independent agents and brokers around the globe. It currently employs a total of 10,100 employees throughout Europe, South and North America, and the Pacific Rim.
Chubb Corporation has groups of insurance companies that specializes in property and casualty insurance, reinsurance, consulting-claims administration services, insurance agencies, real estate, and property and casualty insurance underwriting.
The company backs their claims with their financial stability and strength which is made evident by the citations and awards it has received through the years. The business has been cited as part of the 500 largest US companies based on revenues since 2003. It is also considered part of the Global 2000 rankings since 2007 and has been ranked in the 500 Best Companies for Investors by Barron’s since 2004.