Chubb Limited
| Chubb Limited
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | CH0044328745 |
| founding | 1985 |
| Seat |
Zurich , Switzerland
|
| management | Evan G. Greenberg ( CEO and Chairman of the Board of Directors ) |
| Number of employees | 32,700 (2018) |
| sales | 32.7 billion US dollars (2018) |
| Branch | Insurance |
| Website | new.chubb.com |
The Chubb Limited (until 14 January 2016 ACE Limited) is an international Swiss insurance group with core business in the areas of direct and reinsurance and based in Zurich .
The group of companies has its own offices in more than 50 countries and looks after customers in more than 140 countries. The shares of Chubb Limited are listed on the New York Stock Exchange listed and the stock index S & P 500 represented.
history
ACE was founded in 1985 with headquarters in the Cayman Islands and offices in Hamilton (Bermuda) by a consortium of 34 large corporations. In 1993 the company was listed on the New York Stock Exchange through an IPO . As a result, ACE expanded through expansion of its business activities and various acquisitions. In 2002, with the opening of the European headquarters in London, the company entered the European insurance business.
In 2008, the group decided to relocate its headquarters to Switzerland (Zurich), which was completed on July 18, 2008. This involved the transformation of ACE Limited into a stock corporation under Swiss law .
Strictly speaking, the company's history dates back to 1792, when the Insurance Company of North America (INA) was founded in Philadelphia on November 19 of that year. In 1794, the company issued the first life insurance policy. In 1985, the property / casualty part of the company - which traded as CIGNA after the merger with Connecticut General Life Insurance Company - through ACE Ltd., founded in 1985. accepted.
On July 1, 2015 ACE announced that its US competitors Chubb for 28 billion US dollars to take over. The combined company will operate as Chubb Limited and will be based in Zurich . ACE boss Evan Greenberg will also lead the new company. The current ACE shareholders are to hold 70 percent of the new company. On January 14, 2016, ACE completed the acquisition and at the same time renamed itself Chubb Limited.
Individual evidence
- ↑ Entry of ACE Limited in the commercial register of the Canton of Zurich ( Memento of the original dated December 9, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ a b Chubb Limited Annual Report 2018 Accessed August 24, 2019
- ↑ ACE Limited, SEC-Filing Form 10-K, Annual Report 2008 ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ INA history ACE Group - history. Accessed August 21, 2014
- ↑ http://www.handelsblatt.com/unternehmen/banken-versicherungen/chubb-wird-geschluckt-versicherer-ace-kauf-konkurrenten-fuer-28-millionen-dollar/11998448.html
- ↑ http://www.wsj.com/articles/ace-agrees-to-buy-rival-insurer-chubb-1435748869
