Chubb Insurance Company
15 Mountain View Road
Warren, NJ 07061-1615
Want to buy a real property or casualty insurance? Then Chubb Insurance Company is the one that you are looking for. For almost 130 years, this company has been providing outstanding casualty and property insurance policies, products and services to individuals and businesses all over the world.
Founded in 1882 in New York City by Thomas Caldecot Chubb and his son, Percy, this firm started as a small marine underwriting company, in which the two focused on insuring ships and cargoes. Through dedication and honest hard work, strong relationships were built, resulting to a successful insurance firm.
With an estimated 10,600 employees, brokers and staff members, who were critically examined and scattered throughout Europe, South Africa, the Pacific, and United States, Chubb offers and serves various casualty and property insurance plans to customers from approximately 120 offices in 28 nations all over the world. The company is led by its president and chief executive officer John Finnegan; senior vice president Jeff Hoffman; vice chairman and chief operating officer John Degnan; executive vice president and chief financial officer Richard Spiro; and executive vice president and chief underwriting officer Paul Krump, to name a few.
Expect quality and comprehensive service – this is what Chubb offers to its customers. With services that range from 170 commercial business insurances, such as property and casualty, to personal insurances, such as automobiles, and home, customers will surely enjoy this one-stop source of insurance. In line with this, A.M. Best Rating, an insurance appraisal firm, gave Chubb an A++ (superior) rating.
Considered as the 11th insurance company in the world, it is no wonder that Chubb will provide innovative ways to provide service to its clients resulting to a steady increase in its finance and revenues.
As of the second quarter of 2010, it has reported an outstanding net income of $518 million and a net income for each share increase of three percent from $1.54 to $1.59. In addition, the second quarter loss and income review from personal insurance was outstanding as well, as manifested by a premium increase of five percent, making it $1 billion. On the other hand, commercial and specialty insurance remained the same as of the present quarter, at $1.2 billion and $666 million, respectively. With the aforementioned data, Chubb foresees that by the end of 2010, the company’s operating income per share guidance will be $5.15 to $5.55. Because of this, the company garnered an A++ (superior) rating as one of the Best Insurance Reports.
Lastly, Chubb stands out among the rest because regardless if it is positive or negative, it spends time in giving its current and future clients news and updates about the company. The openness and transparency of the company makes its relationship to its customers stronger.