About Us

About Chubb in New Zealand

Chubb in New Zealand

Chubb’s operation in New Zealand (Chubb Insurance New Zealand Limited) offers Property & Casualty, Group Personal Accident and Business Travel Insurance products through brokers. It leverages global expertise and local acumen to tailor solutions to mitigate risks for clients ranging from large multinational companies to local SMEs. Chubb in New Zealand also provides personal insurance solutions such as Masterpiece, a unique policy for people who own prestigious homes and valuable possessions.

Chubb Insurance New Zealand Limited (Company No. 104656 / Financial Services Provider No. 35924).

Chubb New Zealand Resources

Solvency Information

Chubb Insurance New Zealand Limited’s solvency information as at 31 December 2019 is shown below. The Actual Solvency Capital as at 31 December 2019 exceeds the minimum requirements by $26,034,000.

31 December 2019
  Non-life($000) Life($000) Total Entity ($000)
Actual Solvency Capital 54,917 50 54,967
Minimum Solvency Capital 28,918 15 28,933
Solvency Margin Excess 25,999 35 26,034
Solvency Coverage Multiple 1.90x 3.32x 1.90x

The methodology and basis for determining the Solvency Margin are in accordance with the requirements of the Solvency Standards for Non-life and Life Insurance Business as published by the Reserve Bank of New Zealand. The Life business is in run-off and not material to the company's overall operation.

Financial Strength Rating Information

Chubb Insurance New Zealand Limited has an “AA-” insurer financial strength rating given by S&P Global Ratings.

The rating scale is:

AAA - Extremely Strong
AA - Very Strong
A - Strong
BBB - Good
BB - Marginal
B - Weak
CCC - Very Weak
CC - Extremely Weak
SD or D – selective default or default
R - Regulatory Action
NR – Not Rated


Plus (+) or minus (-):  the rating from ‘AA’ to ‘CCC’ may be modified by the addition of a plus or minus sign to show relative standings within the major rating categories.

A full description of the rating scale is available on S&P Global Ratings website.

Fair Insurance Code

We are a signatory to the Fair Insurance Code (the Code). The code and information about the Code is available at www.icnz.org.nz and on request.