Abstract: In this paper we will discuss about the Chubb Corporation of United States. It is a leading insurance company in USA with 120 offices in 29 countries around the world. It offers several kinds of insurance product and services.
Chubb Corporation, established in 1882, is a parent company of the Chubb Group of Insurance Companies. It provides several casualty and property insurance products & services to numerous companies and as well as individuals across the globe.
It is now the tenth biggest property and casualty insurance company and 5th largest surety firm in the United States of America. Chubb Corp. has 120 branches in 29 countries with employee strength of 10,800. It has also been the major insurer of private companies in the United States for over a decade.
The company provides several types of insurances like, commercial insurance, personal insurance, specialty insurance etc.
Chubb Group of Insurance Companies is the only insurance company across the globe whose property and casualty underwriters are fully devoted to financial institutions.
Chubb Corporation Insurance Rating:
1.The company's senior debt has been designated A in the Standard & Poor’s insurance ratings and A2 in the Moody’s insurance ratings.
2.The Chubb Group of Insurance Companies has been awarded the financial strength rating of A++ by the A.M Best Co., a credit rating agency.
3.Chubb Corp. has got the financial strength rating of AA and Aa2 from the Standard & Poor’s and Moody’s respectively.