Chubb is a global insurance company and the largest publicly traded property and casualty insurer in the world. The company traces its origins to the Chubb Corporation, founded in 1882 by Thomas Caldecot Chubb and his son Percy Chubb in New York City, initially as a marine underwriting firm. The modern Chubb was formed in 2016 when ACE Limited, a Zurich-based insurer, acquired the Chubb Corporation and adopted the Chubb name.
Chubb's personal lines division serves high-net-worth and ultra-high-net-worth individuals through its personal risk services segment, formerly branded as Chubb Personal Insurance. The division provides coverage for high-value homes, fine art, jewelry, wine collections, classic automobiles, yachts, private aviation, and other valuable assets. Policies are tailored to the specific risks associated with substantial personal property portfolios, including agreed-value coverage, worldwide protection for collections, and specialized liability coverage.
The company employs dedicated risk consultants who conduct on-site assessments of insured properties, advising clients on loss prevention measures and asset protection strategies. Chubb's claims service for high-value clients includes access to specialized restoration experts, art conservators, and other professionals relevant to luxury asset recovery.
Chubb operates in 54 countries and territories, with significant operations in North America, Europe, Asia-Pacific, and Latin America. The company is publicly listed on the New York Stock Exchange under the ticker CB. Chubb's personal lines division is recognized within the insurance industry for its focus on affluent clients and its ability to underwrite complex, high-value personal risks that standard insurance carriers typically decline or inadequately cover.