[WorldKings - Wowtimes - Almanac Events & Achievements 2023] Impressive milestones during 141 years of development of Chubb Limited, the world’s largest publicly traded insurance company (1882)

02-01-2023

(Wowtimes.org) Today's Chubb is a leading global insurer serving customers from the largest multinational companies to individuals and families around the world.

Chubb Limited is an American company incorporated in Zürich, Switzerland. It is the parent company of Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and the largest publicly traded property and casualty company in the world. Chubb operates in 55 countries and territories and in the Lloyd's insurance market in London. Clients of Chubb consist of multinational corporations and local businesses, individuals, and insurers seeking reinsurance coverage. Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance.

 

The company’s milestones:

1882: Thomas and his son, Percy Chubb founded Chubb & Son in New York City.

1928: Chubb & Son opened its first branch outside the United States in Montreal, Canada.

1967: The Chubb Corporation is formed. That year, Chubb acquires the Pacific Indemnity Companies.

1984: Chubb is listed on the New York Stock Exchange.

1990: Chubb begins additional overseas expansion.

2000:

In January, Fortune magazine named the company to its list of 'The 100 Best Companies to Work for in America.'

In August, Chubb received an operating license to open a branch in Shanghai, which the company estimated would bring in about $200 million in business each year.

 

2007: Chubb was named the Readers' Choice winner as "Best Admitted Property/Casualty Insurance Company" by Business Insurance.

2010: Chubb was number five on Chicago Business "Best Places to Work" list.

2016: ACE and Chubb become one and adopt the Chubb name.

2018: The Chubb Group is one of the world’s largest providers of commercial property and casualty insurance and reinsurance, with $167 billion in assets and more than $38 billion of gross written premiums in 2018.

 

According to Wikipedia & zippia.com & chubb.com


Kyna ( Collect) - WOWTIMES (Source of photos: Internet)