Chubb News

Chubb Highlights Construction Contractor Emerging Risks in New Advisory

As construction contractors incorporate project design and digital technologies into their businesses, Chubb has issued an advisory to help them understand and manage emerging professional liability and privacy and network security exposures. Co-authored by two Chubb executives, the advisory, “New …

Business Moves

Chubb Launches North America Small Commercial Insurance Division Chubb announced the launch of its Small Commercial Insurance division for North America. The division brings together a team of product and service professionals to provide a broad range of management and …

People on the Move

GEICO promotes Allison Carp to assistant vice president Allison Carp of Potomac, Md., has been named assistant vice president at GEICO where she is responsible for pricing, product and reserving activities. Carp began her career with GEICO in 1994 and …

People News

Chubb Announces Retirement of Rees Fletcher, Chairman of Bermuda Insurance Rees Fletcher, chairman of its Bermuda-based insurance operations, will retire on 31 March 2016, bringing to a close a distinguished 27-year career with the company. On January 14, 2016, ACE …

Business News

Aspen Group Announces Acquisition of AgriLogic Insurance Services, LLC Specialty insurer Aspen Insurance has acquired AgriLogic Insurance Services, LLC and certain affiliates for cash in a transaction that further diversifies Aspens’s specialty insurance business. AgriLogic, headquartered in Kansas, is a …

People on the Move

Scott Tamura Joins Bolton & Company California-based Bolton & Company, a national employee-owned insurance broker, named Scott Tamura vice president of the newly established Technical Consulting Unit within the organization’s Employee Benefits Department. Tamura will lead the new team which …

Survey: Supply Chain Disruptions Impact Clean Tech Profits

Nearly two-thirds (61%) of clean tech companies experienced a supply chain disruption in the past three years, and in the vast majority of cases (84%) the event had a material impact on the bottom line, according to the 2015 Global …

ACE’s Greenberg Addresses Chubb Employees on Buyout

A landmark purchase was announced this week when ACE Limited released news that it planned to acquire Chubb for $28.3 billion. Once the transaction is completed the combined companies will operate under the Chubb name. The purchase will provide ACE …

Ace to Acquire Chubb for $28.3B

Evan Greenberg extended an acquisition spree at his Ace Ltd. by agreeing to purchase Chubb Corp. for $28.3 billion in cash and stock. Ace will own 70 percent of the company after the transaction closes, and Greenberg will lead the …

AIG Strips Syria Representative From List for Marine Clients

American International Group Inc. is stripping a claims adjuster in Syria from a list given to shipping-industry clients after a U.S. regulator questioned a rival about relationships in blacklisted nations. “The individual in Syria is not an employee or agent …