Category Archives: News

Chubb Makes Equity Investment in African Trade Insurance Agency

Chubb is first global property and casualty insurer to invest in Africa’s leading multilateral political risk and credit insurance agency

December 10, 2019, New York & Nairobi – Chubb and the African Trade Insurance Agency (ATI) today announced that Chubb has made a $10 million equity investment in ATI. Chubb is the first global property and casualty insurance company to become a shareholder in Africa’s leading multilateral political risk and credit insurer.

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S&P, A.M. Best Affirm Chubb’s Financial Strength Ratings

S&P, A.M. Best Affirm Chubb's Financial Strength Ratings; Outlook "Stable" The financial strength ratings of Chubb’s core operating companies were affirmed last week by ratings agencies A.M. Best and Standard & Poor’s. On June 22, A.M. Best removed Chubb from under review with negative implications and affirmed the ‘A++’ financial strength rating with a stable…
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ACE Completes Acquisition of Chubb

ACE Completes Acquisition of Chubb; Adopts Chubb Name and Launches New Chubb Brand Company to begin trading on NYSE under the symbol "CB" tomorrow Brand stands for superior underwriting, service and execution Expense synergies remain on track ZURICH, Jan. 14, 2016 /PRNewswire/ -- ACE Limited (NYSE: ACE) announced today that it has completed its acquisition…
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Standard & Poor’s Raises ACE’s Ratings

Standard & Poor's Raises ACE's Financial Strength Ratings to 'AA-'; ACE Limited Issuer Credit Rating Upgraded to "A" NEW YORK (BUSINESS WIRE)--The ACE Group today announced that Standard & Poor’s (S&P) has upgraded the financial strength and counterparty credit ratings for ACE’s core operating insurance companies to “AA-” (Very Strong). The new rating applies to…
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Sovereign Announces Establishment of Dubai Office

Sovereign Risk Insurance ("Sovereign"), announced today that it has received approval in principle from the Dubai Financial Services Authority... HAMILTON, Bermuda - May 14, 2008: Sovereign Risk Insurance Ltd. (“Sovereign”), announced today that it has received approval in principle from the Dubai Financial Services Authority (DFSA) to establish a wholly-owned subsidiary in Dubai. Sovereign Risk…
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