Chubb Limited

Description

Chubb Limited (NYSE:CB) is a holding company that provides casualty and property insurance, including personal and commercial.

It provides a wide range of commercial and personal insurance products globally, including property and casualty insurance, life insurance, reinsurance, accident, and supplemental health insurances (A&H).

It provides insurance coverage solutions and services to individuals, families, small-and-medium-sized enterprises and large corporations.

The insurance company operates and manages its business through different geographical segments, such as NA Personal P&C Insurance, Overseas General Insurance, NA Agricultural Insurance, Life Insurance, NA Commercial Personal and Casualty (P&C) Insurance Unit and Global Reinsurance.

NA Personal Commercial and Casualty Insurance Segment

The firm provides personal and commercial insurance and other related services to the middle and large markets, small commercial businesses, in North America, including the US, Bermuda, and Canada, through this unit.

North America Personal P&C Insurance Segment

The company provides a wide range of insurance services and other related products to its clients, such as homeowners, automobile and collector vehicles, personal and excess liability, valuable articles, insurance for travel, and recreational marine services, through this business division.

The clientele includes affluent and high-net-worth families and individuals.

Overseas General Insurance Segment

The third business segment primarily focuses on the operations of Chubb International and Chub Global Markets.

Global Reinsurance Segment

The company provides various reinsurance products internationally under the brand name of Chubb Tempest Re and offers certain solutions to small and medium-sized customers and ceding multinational companies.

Life Insurance Segment

The segment caters to life insurance markets and various services provided by Chubb's international life insurance, Chubb Tempest Life Re, and the accident and supplemental health insurance in North America.

The company has business operations in over 54 countries and territories.

In addition, around 40 per cent of the company's business is transacted from outside the United States.

The insurance solutions company was founded on January 14, 2016, with its headquarters in Zurich.

Chubb Limited is among the 500 large-cap companies in the United States, as per S&P market index.

Further, it was included in the Forbes Global 2000 rankings for 2021.