ACE USA
ACE USA, now known as Chubb, is a prominent insurance company that provides a wide range of insurance products and services to businesses and individuals. Here's a brief overview of the company's background, services, and key details:
Background:
- Origins: ACE Limited was founded in 1985 in Hamilton, Bermuda by a group of 34 US companies seeking difficult-to-obtain excess liability and directors and officers insurance.
- Growth: The company expanded significantly through both organic growth and strategic acquisitions over the years, including the acquisition of CIGNA's international and domestic property and casualty business in 1999.
- Rebranding: In 2016, ACE Limited acquired the Chubb Corporation, a prominent U.S. based insurance company, for $28.3 billion. Following the acquisition, the combined company adopted the Chubb name globally.
Services:
- Property Insurance: Coverage for physical assets including buildings, inventory, and equipment.
- Casualty Insurance: Protection against legal liabilities due to injury or damage to property.
- Accident & Health Insurance: Products designed to cover unexpected medical expenses and provide financial support in cases of accidents or health emergencies.
- Life Insurance: A range of life insurance products.
- Personal Insurance: Coverage for homes, cars, art, jewelry, and other personal assets.
- Business Insurance: Tailored policies to meet the risk management needs of companies, including small businesses to large multinational corporations.
Key Details:
- Global Presence: Chubb operates in 54 countries and territories, providing a wide array of insurance products to a diverse set of customers globally.
- Financial Strength: Known for its strong capital position and a conservative underwriting approach, Chubb is consistently highly rated by financial rating agencies.
- Technology Integration: The company leverages advanced technology platforms for underwriting, risk management, and customer service to improve efficiency and customer experience.
Leadership and Culture:
- CEO: As of my knowledge cutoff date in October 2021, the CEO of Chubb Limited is Evan G. Greenberg. (Please verify for the most current information.)
- Corporate Social Responsibility: Chubb emphasizes sustainable practices and corporate responsibility, engaging in various environmental, social, and governance (ESG) initiatives.
Market Position:
- Competitive Edge: Chubb stands out for its comprehensive product offerings, extensive global reach, and robust financial health, which attract a wide variety of clients ranging from individual policyholders to large corporations.
Websites and Resources:
For more detailed and up-to-date information, you can visit Chubb's official website: www.chubb.com
This overview provides a general sense of what Chubb, formerly ACE USA, is about and its significant role in the global insurance market. Please consider checking the latest resources or the company's official communications for the most current information.
- 215-640-2302
- INAMARMARINE.com
Products
Cargo, Hull and Protection and Indemnity, Marine Liabilty Insurance
Philadelphia USA
436 Walnut Street
Philadelphia PA 19106
USA
Philadelphia PA 19106
USA
Maritime News
US Will Have Access to Australia’s Nuclear Submarine Shipyard
The United States will be able to use planned defence facilities in Western Australia that are to help deliver nuclear-powered submarines under the trilateral AUKUS nuclear submarine deal, Australian Defence Minister Richard Marles said on Sunday.Australia will spend A$12 billion ($8 billion) to upgrade facilities at the Henderson shipyard near Perth, as part of a 20-year plan to transform it into the maintenance hub for its AUKUS submarine fleet, the government said on Saturday.The AUKUS pact, sealed by Australia, Britain and the U.S. in 2021, aims to provide Australia with attack submarines from the next decade to counter China's ambitions in the Indo-Pacific region.
Davie Details $1B US Shipbuilding Investment Plan in “American Icebreaker Factory”
Davie Defense Inc. gives a first glimpse today of the “American Icebreaker Factory” – a planned $1 billion transformation of the historic Gulf Copper shipyard in Galveston, Texas.The American Icebreaker Factory concept was created in collaboration with Florida-based Pearlson, which has led major projects for leading American shipbuilders, including BAE Systems, Austal USA and Fincantieri Marinette.The American Icebreaker Factory project embodies the Trump Administration’s priorities, including the Executive Order on American Maritime Dominance, the SHIPS for America Act, and the creation of the Office of Shipbuilding.
NTSB Issues Safety Alert for Land-Based Firefighters After Multiple Deaths
The National Transportation Safety Board issued a safety alert Wednesday urging greater awareness and training for land-based firefighters who may be called to fight fires aboard vessels in local ports.The safety alert follows several NTSB investigations into deaths and injuries to firefighters. The NTSB found land-based firefighters often lack the necessary training and familiarity with vessel layouts and fire protection systems to effectively fight in-port vessel fires. They also may be unaware of how to use the structural fire protection built into most commercial vessels.
Curtin Maritime to Build Eight Hybrid Tugboats for $160M
While political winds in the U.S. have significantly tampered many ‘green’ projects, Curtin Maritime is domiciled in California, which is globally known for its strict environmental initiatives. To that end, Curtin Maritime inked a contract recently to invest $160m for eight new hybrid-electric tugboats, vessels being built by Snow & Co. and featuring vertically integrated electric powertrains from Arc with Schottel propulsion. Maritime Reporter TV interviewed Martin Curtin, CEO, Curtin Maritime & Mitch Lee, co-founder and CEO, Arc, on the eve of the announcement to discuss specifics.As shipbuilding continues to take center stage in the U.S.
MOL Looks to India for Shipbuilding Tie-Up
Japan's second-largest shipping company Mitsui O.S.K. Lines wants to tie up with Indian companies to build tankers in India, aiding the South Asian nation's effort to boost local manufacturing, its chief executive, Takeshi Hashimoto said.New Delhi is modernizing its maritime laws to allow foreign participation in the sector, including ship-building, ports and shipyards, to reduce freight outgoings to foreign firms by at least a third by 2047."The Indian government has a strong preference to see the new vessels constructed in India. If possible, we want to be involved in the project," Hashimoto told reporters at the APPEC conference in Singapore on Tuesday.