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About Chubb US Holding Inc.

Chubb Limited sells property/casualty insurance, life insurance, and reinsurance through subsidiaries around the globe. The world's largest publicly traded property/casualty insurer, Chubb primarily provides those lines of insurance to commercial and personal customers in more than 50 nations and territories. Policies offered include general liability, homeowners, auto, accident, workers' compensation, and specialty crop and marine coverage. It also offers services such as risk management, loss control, and complex claims management programs. The company's ACE Tempest Re businesses provide reinsurance to property/casualty insurers in North America and Europe. 


Chubb operates through six primary business segments: North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Life Insurance, and Global Reinsurance. The largest segments are North America Commercial P&C Insurance (more than 40% of net premiums earned) and Overseas General Insurance (some 30% of net premiums earned).

North America Commercial P&C Insurance serves large institutional customers, corporations, and small and mid-sized companies in the US, Canada, and Bermuda. It also includes the group's Westchester and Chubb Bermuda wholesale and specialty units. North America Personal P&C Insurance provides affluent and high-net-worth consumers in the US and Canada with property, liability, travel, and recreational marine coverage. North America Agricultural Insurance, also active in the US and Canada, provides crop, multi-peril crop, crop-hail, farm and ranch, and specialty commercial insurance products. 

Overseas General Insurance is composed of Chubb International and Chubb Global Markets, the group's international specialty and excess and surplus business. Chubb International operates in Europe, the Asia/Pacific region, Eurasia and Africa, and Latin America. It offers property/casualty, accident and health, specialty, and personal lines products. Chubb Global Markets offers specialty insurance and includes Chubb's Lloyd's of London Syndicate 2488.

The Life Insurance segment operates through Chubb Life, Chubb Tempest Life re, and other units. It offers individual life and group benefit insurance, primarily in developing markets.

Global Reinsurance is the group's smallest segment, bringing in some 2% of net earned premiums. It includes Chubb Tempest Re Bermuda, Chubb Tempest Re USA, Chubb Tempest Re International, and Chubb Tempest Re Canada.

Geographic Reach

The North American insurance segment, which includes property/casualty subsidiaries ACE USA, ACE Bermuda, and ACE Canada, is Chubb's largest business segment accounting for about 40% of revenue. The company's ACE International and ACE Global Markets property/casualty insurance units reach into the rest of the world, while its smaller ACE Life insurance division primarily operates in emerging markets in Asia, Europe, and the Americas. ACE Private Risk Services is a property/casualty division catering to high-net-worth individuals

With its operating subsidiaries located in more than 50 countries, Chubb serves customers in more than 170 nations.

ACE moved its place of incorporation home from the Caymans to Switzerland in 2008. It kept executive offices in Bermuda and New York.

Sales and Marketing

Chubb's customers range from individuals (including wealthy individuals) and small businesses to multi-national corporations and other insurance companies. Most of the company's business is conducted through company agents or third-party insurance brokers or agents.

Financial Performance

Chubb's revenue increased 3% to $32.2 billion in 2017, thanks to a 4% growth in net premiums written as well as higher net investment income and net realized gains. The 2016 acquisition of Chubb boosted sales significantly.

Net income fell 7% to $3.9 billion that year; the company's bottom line was adversely affected by natural catastrophes including hurricanes, earthquakes, and wildfires. Operating cash flow also dropped, falling 15% to $4.5 billion.


Chubb regularly looks to expand its product offerings and geographical presence through acquisitions and organic measures. The group is also embarking on digital initiatives, especially in its global accident and health and personal lines operations. In 2018 it launched new coverage lines for artisan contractors, which is available through its new digital platform Chubb Small Commercial Marketplace. Another new product introduced is dental malpractice insurance.

The company is also expanding its business by partnering with other companies, such as banks who market Chubb's offerings to their clients. In 2018 it formed just such an agreement with VietABank in Vietnam and a similar agreement with Citibanamex in Mexico. In 2017 Chubb established a distribution partnership with DBS Bank, a major bank in Southeast Asia. It also forged a cooperation agreement with China's PICC Property & Casualty Company in which Chubb will support PICC's clients' insurance needs. 

Mergers and Acquisitions

In recent years Chubb has focused its geographic expansion on smaller acquisitions in emerging global marketplaces. In 2011 it entered two new markets for life insurance in North Asia after acquiring New York Life's life insurance operations in Hong Kong and South Korea for about $425 million.

In 2012 Chubb acquired Indonesian general insurance firm Asuransi Jaya Proteksi for some $130 million. It closed its purchase of Mexican surety insurer Fianzas Monterrey from New York Life for $285 million in 2013, as well as its purchase of another Mexican insurance firm, ABA Seguros, from Ally Financial for $865 million.

In 2015 the company acquired the Fireman's Fund US personal lines business catering to high-net-worth customers. The deal, valued at $365 million and providing access to more than 120,000 premier personal lines customers, expanded Chubb's position as one of the largest personal lines insurers catering to wealthy individuals.

Later that year the company announced a much larger deal with plans to acquire insurer Chubb, which specialized in serving wealthy clients, for $28.3 billion. The combined company, which operates under the Chubb name, became one of the world's largest property/casualty firms. ACE shareholders own 70% of the new company.

Company Background

In early 2016 the former ACE Limited acquired the US's Chubb Corporation for $28 billion and took the Chubb name.

Chubb US Holding Inc.

Philadelphia, PA 19192-0003
Phone: 1 (215) 640-1000


Employer Type: Privately Owned
Vice President Human Resources: Ashwyn Diljohn
Assistant Vice President Enterprise Risk Management: Henrik Fryland
Senior Vice President Environmental Risk: Craig Richardson
Employees (This Location): 1,200
Employees (All Locations): 4,000

Major Office Locations

Philadelphia, PA

Other Locations

Chatsworth, CA
San Diego, CA
San Francisco, CA
San Jose, CA
Strasburg, CO
Wilmington, DE
Jacksonville, FL
Miami, FL
Tampa, FL
Richmond, IN
Shawnee Mission, KS
Columbia, MD
New York, NY
Rochester, NY
Portland, OR
Erie, PA
Philadelphia, PA
Dallas, TX
Houston, TX
New Berlin, WI