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Chubb announces successful integration of key EU operating units

5th May 2017 - Author: Luke Gallin

Following the acquisition of Chubb Corporation by ACE Limited in 2016, Chubb has announced the completion of the integration of key European operating companies.

In Europe, and on May 1st 2017, the insurance operations of Chubb Insurance Company of Europe SE was successfully transferred to ACE European Group Limited and, in line with the new company brand ACE European Group Limited has changed its name to Chubb European Group Limited.

“Since January 2016, our priority has been to bring together the compelling complementary strengths of our respective organisations for the benefit of our customers and distribution partners in Europe. The successful legal integration of these insurance companies and our renaming as Chubb represents another milestone in this journey,” said Andrew Kendrick, Regional President, Europe, Chubb.

In addition to changes with its European business the company revealed changes to its Lloyd’s of London market business, with ACE Underwriting Limited changing its name to Chubb Underwriting Agencies Limited. This comes after the transfer of the insurance operations of Chubb Managing Agency Limited on September 30th, 2016.

“I am very pleased with the response we have received from the market about our progress so far and enormously excited about our future serving brokers and clients under our new Chubb brand, which stands for insurance craftsmanship and a commitment to excellence in underwriting, service and execution,” continued Kendrick.

RMS

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