Chubb today announced that it has completed the integration of its key operating companies in Europe.
This follows the acquisition of The Chubb Corporation by ACE Limited in January 2016, creating a global insurance leader operating in 54 countries under the renowned Chubb name.
ACE and Chubb began operating as one organisation in the UK in January 2016, with operations in other European countries since following suit in line with local timetables.
European business
On 1May 2017, the insurance business of Chubb Insurance Company of Europe SE was transferred to ACE European Group Limited. The name of ACE European Group Limited has also been changed to Chubb European Group Limited, in line with the company’s new brand.
Lloyd’s market business
In addition, the name of ACE Underwriting Agencies Limited has been changed to Chubb Underwriting Agencies Limited. This follows the transfer of the insurance business of Chubb Managing Agency Limited on 30 September 2016.
Andrew Kendrick, Regional President, Europe at Chubb said:
“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.
“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.”
Note for editors:
Policyholders do not need to take any action as a result of these changes and the changes have no effect on insurance policies currently in force underwritten by Chubb Insurance Company of Europe SE, ACE European Group Limited or ACE Underwriting Agencies Limited.