Chubb Ltd - Company Profile

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Business Description

Chubb Ltd (Chubb) is a provider of insurance solutions to commercial and individual customers. The company markets and distributes products through a network of offices, agents, brokers, and other intermediaries in 54 countries and territories. As of December 31, 2022, it had total assets of US$199144 million, P&C combined ratio stood at 87.6%.

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Business Segments

Overview

Underwrites reinsurance business through Chubb Tempest Re. Chubb Tempest Re provides various traditional and specialty reinsurance coverages to several primary property and casualty companies.

Performance

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Overview

Comprises of business written by Rain and Hail Insurance Service, Inc. (Rain and Hail) and Chubb Agribusines. Rain and Hail offers multiple peril crop and crop-hail insurance through a network of specialized agents. Chubb Agribusiness provides farm and ranch property and specialty property and casualty coverage, which includes commercial agriculture products.

Performance

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Overview

Offers property and casualty insurance to small, middle market, and large commercial businesses in the US, Bermuda, and Canada. It is divided into three sub-segments: Commercial, Major Accounts and Wholesale and Specialty. The commercial insurance business offers small commercial insurance through independent retail agents, multinational brokers, digital brokers and regional brokers to small businesses and middle market customers. The Major Accounts business offers specialty property and casualty, accident and health, and risk management products through retail brokers, general agents, managing general agents (MGA), independent agents, alliances, managing general underwriters, affinity groups, and direct marketing operations to corporate companies and large institutional organizations in US and Canada. The Wholesale and Specialty sub-segment includes Westchester and Chubb Bermuda. Westchester offers insurance products for wholesale excess and surplus lines property, environmental, casualty, inland marine, professional liability, product recall, and directors’ and officers’ liability. Chubb Bermuda offers insurance products for commercial insurance products on an excess basis comprising excess liability, professional liability, political risk, property, and directors’ and officers’. It serves Fortune 1000 companies through the Bermuda offices of insurance brokers.

Performance

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Overview

Provides insurance products through Chubb Personal Risk Services division, which includes high net worth personal lines business with operations in Canada and the US. It offers insurance products for automobile and collector cars, homeowners, travel, valuable articles, personal and excess liability, and recreational marine insurance to affluent and high net worth families and individuals.

Performance

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Overview

Operates through two units: Chubb International and Chubb Global Markets. Chubb International offers commercial property and casualty insurance, accident and health insurance, and specialty and traditional personal lines insurance products to small customers, middle market, and large corporations through agents, retail brokers, and other channels. It serves customers in Europe, Far East, Eurasia and Africa, Asia Pacific, and Latin America. Chubb Global Markets offers accident and health and commercial property and casualty excess and surplus lines insurance through wholesale brokers and Lloyd’s in London, the UK.

Performance

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Overview

Includes westchester specialty operations, run-off Brandywine business and A&E exposures, and also results from non-insurance companies.

Performance

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Overview

Comprises Chubb's international life operations written by Chubb Tempest Life Re, Chubb Life, and North American supplemental accident and health and life business of combined insurance. It offers individual life and group benefit insurance in emerging markets comprising Hong Kong, Thailand, South Korea, Indonesia, Vietnam, Taiwan, and Egypt; Latin America; certain European countries; and in China through a joint venture insurance company. It also offers reinsurance to primary life insurance companies focused on guarantees.

Performance

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Geographical Segments

Performance

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Performance

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Performance

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Performance

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Performance

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Performance

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Performance

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Performance

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