SINGAPORE, May 4, 2016 /PRNewswire/ -- Chubb today announced that effective 1 May 2016, the legal entity integration of legacy ACE and Federal operations in Singapore is complete.
The integration and new company name in Singapore follows ACE Limited's acquisition of The Chubb Corporation that was completed on January 14, 2016, creating a global insurance leader operating in 54 countries under the renowned Chubb name. The new company combines Chubb, a venerable U.S.-based insurer with over 130 years of history, and ACE, a global leader -- both well-known for their underwriting excellence. The new Chubb is the world's largest publicly traded property and casualty insurer.
Mr. Greg Dodds, Country President of Chubb in Singapore, said: "I'm pleased with the completion of the integration which marks a significant milestone for us as we commence a new chapter in the Republic as Chubb Insurance Singapore Limited. Our name is new, but our commitment remains the same -- to provide our customers, business partners, employees and other stakeholders with superior quality and service."
"The new Chubb is defined by superior underwriting, service and execution. Together, these three elements form the basis for what we believe is superior insurance craftsmanship," said Mr. Dodds. "The company is also distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, superior claims handling expertise and local operations globally."
With the completion of the integration and name change, customers and business partners will begin to see the company's new and colourful brand identity. The new logo is a simple expression of the Chubb name -- a clear, refined, modern expression of Chubb. To balance the simplicity of the logo, the company has chosen an "out-of-the-box" approach by using nine colours to represent the new Chubb brand, reflecting the diversity and energy of its culture, thinking, global presence, the many different customers it serves and the many products it offers. All this will be backed by the company's "signature" -- "Chubb. Insured." -- a mark of craftsmanship.
Mr. Dodds continued, "As one of the first countries in Chubb's global network to undergo full legal entity integration and brand change, we are excited to introduce the new brand to the local market. Focused on the craft of insurance, we have a team of professionals with the expertise, energy and passion to deliver unmatched quality and service to our customers and distribution partners."
About Chubb in Singapore
Chubb Insurance Singapore Limited, via acquisitions by its predecessor companies, has been present in Singapore since 1948. Chubb in Singapore provides risk management and underwriting expertise for all major classes of general insurance, including Property & Casualty, Marine, Liability, Financial Lines and Group Personal Accident insurance. As one of the leading providers of Accident & Health insurance through direct marketing, the company partners with financial institutions and other companies to tailor individual policies for their clients and employees. In addition, it offers a suite of customised Personal & Specialty insurance solutions to meet the needs of consumers.
Over the years, Chubb in Singapore has established strong client relationships by offering responsive service, developing innovative products and providing market leadership built on financial strength. The company has been assigned a financial strength rating of AA-/Negative and the highest ASEAN credit rating of axAAA by Standard & Poor's. It has also been awarded the Singapore Quality Class STAR (SQC STAR) and Singapore Service Class (S-Class) certification for achieving all-round business excellence and high levels of service respectively by SPRING Singapore, the national standards and accreditation body.
More information can be found at www.chubb.com/sg.
About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: new.chubb.com
Facts about the New Chubb (pro forma ACE-Chubb as of December 31, 2015)
Media Contact
Juliana Lim
juliana.lim@chubb.com
Chubb Insurance Singapore Limited
138 Market Street
#11-01 CapitaGreen
Singapore 048946
