At Chubb, we assess, assume and manage risk with insight and discipline.
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. We combine the precision of craftsmanship with decades of experience to conceive, craft and deliver the very best insurance coverage and service to individuals and families, and businesses of all sizes.
Chubb is also defined by its extensive product and service offerings, broad distribution capabilities, direct-to-consumer platform partnerships, exceptional financial strength and local operations globally. The company serves multinational corporations, mid-size companies and small businesses with property and casualty insurance and risk engineering services; affluent and high net worth individuals with substantial assets to protect; individuals purchasing life, personal accident, supplemental health, homeowners, automobile and specialty personal insurance coverage; companies and affinity groups providing or offering accident and health insurance programs and life insurance to their employees or members; and insurers managing exposures with reinsurance coverage.
Chubb has more than $225 billion in assets and reported $57.5 billion of gross premiums written in 2023. Chubb’s core operating insurance companies maintain financial strength ratings of AA from Standard & Poor’s and A++ from AM Best.
Chubb Limited, the parent company of Chubb, is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index.
Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately40,000 people worldwide.
FAQs
Is Chubb a good insurance company? Chubb is a long-standing insurance company with a high credit rating from AM Best. It's rated an A++, which demonstrates its financial soundness.
Why is getting insurance so hard? ›
California regulates insurance companies and their rate increases, so a number of insurance companies have simply pulled out of the state. It's one reason it's getting harder to find a policy.
How long does Chubb insurance take to pay out? ›
How long does Chubb take to make a claim payment? After the completed claim documentation has been received, the eligible claims payments will be transferred to the beneficiary's bank account within 15 working days. We will explain why certain items of the claims have not been accepted as claimable, if applicable.
What happened to Chubb insurance? ›
The company took its present form in 2016 when ACE Limited acquired the Chubb Corporation, creating a world leader in insurance. Now operating under the renowned Chubb name, both companies brought with them a rich history as leaders and innovators in the industry.
Is Chubb insurance more expensive? ›
Like its auto insurance, Chubb home insurance is more expensive than the national average. For a policy with $300,000 in dwelling coverage, Chubb's average annual premium is $3,521, compared to the national average of $2,230 per year.
What is Chubb insurance known for? ›
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
Why am I being refused insurance? ›
Being turned down for insurance, or not having your policy renewed, happens when an insurer decides it can no longer continue to cover you. This can occur for several reasons, such as changes in your situation that increase your risk, problems with credit history, a criminal record, or too many claims in the past.
What do insurance companies fear the most? ›
Legitimate Denials
People have successfully fooled insurance companies into paying out for false injuries, so these insurers are often paranoid about paying out for a false claim.
Is State Farm pulling out of Florida? ›
Gov. Ron DeSantis' office confirmed that State Farm Insurance plans to continue its presence in the Florida insurance marketplace after Farmers Insurance declared plans to leave the state.
What are the lawsuits against Chubb? ›
SXSW sued Chubb in October 2021 in federal court, alleging breach of contract, breach of implied covenant of good faith and fair dealing, and violations of the Texas Insurance Code. SXSW sought a declaratory judgment that Chubb owed the festival duties to defend and indemnify the Bromley suit.
Chubb's Retention score is rated a "C" by 303 employees. The category helps understand Chubb's focus and commitment to retaining employees in their organization. Over the past three months, Chubb's Retention score has remained steady at 66/100.
How to use Chubb insurance? ›
We make it easy with three convenient reporting options, 24 hours a day, 7 days a week.
- By phone – Call 1-800-CLAIMS-O (1800-252-4670), please take precautions and then call when you are safe.
- Online – Click here to file a claim.
- Contact your local agent – Contact your local Chubb agent to submit a claim on your behalf.
Effective immediately, ACE is adopting the Chubb name globally and the company will begin trading tomorrow on the New York Stock Exchange under the symbol "CB." The company is also formally launching the new Chubb brand, including its visual identity and "signature." The new Chubb brand stands for superior underwriting ...
Is Chubb a reputable company? ›
Businesses and individuals across the country have entrusted Chubb with providing reputable coverage. Chubb is one of the US's leading commercial lines insurers, and the world's largest publicly traded P&C insurance company.
Who owns the Chubb insurance company? ›
Is Chubb the same as federal insurance company? ›
Chubb & Son, a division of Federal Insurance Company, manages these companies. For promotional purposes, “Chubb” refers to member insurers of the Chubb Group of Insurance Companies.
What company owns Chubb? ›
How does Chubb accident insurance work? ›
It provides coverage in the form of compensations - a financial support that will allow you or your family to concentrate on recovering - and includes coverage for death, partial or total disability, medical expenses and hospitalisation for up to 30 days due to an accident.
Is Chubb an underwriting company? ›
Chubb is an underwriting company and we strive to emphasize quality of underwriting rather than volume of business or market share. Our underwriting strategy is to manage risk by employing consistent, disciplined pricing and risk selection.
