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Business Integration of Chubb and ACE in Australia


1 November 2016 – Chubb announced today that it has commenced operating as one insurance company in Australia: Chubb Insurance Australia Limited.

John French, Chubb Country President for Australia and New Zealand, said: "Becoming one insurance company marks another important milestone as we continue developing our capabilities. The name of the legal entity is new, but the long term strategy stays the same: we are focused on our customers and crafting products and solutions distributed through various channels to meet their needs while continuing to  improve our service capabilities."

Background
In January 2016, ACE Limited acquired The Chubb Corporation, creating a global insurance leader operating in 54 countries and territories under the renowned Chubb name.

In Australia, ACE and Chubb commenced operating as one team in April 2016. On 1 November, the Australian insurance business of Chubb Insurance Company of Australia Limited was transferred to ACE Insurance Limited. Also on 1 November 2016, ACE changed its name to Chubb Insurance Australia Limited.

About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.

As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally.

Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.

Media contact
Robin Moore
O +61 2 9335 3343
robin.moore@chubb.com

Chubb Insurance Australia Limited
Grosvenor Place
Level 38, 225 George Street
Sydney NSW 2000