The New Chubb
On Monday, 15 January 2016, ACE Limited completed the acquisition of the Chubb Corporation, creating a global insurance leader operating in 54 countries under the renowned Chubb name.
In Australia the two companies are still separate legal entities, however the integration process is underway.
The company will commence operations together as Chubb under one management structure on 1 April 2016.
ACE and Chubb entities will stop competing
When the transaction is completed and the new company is formed, the operations will no longer compete with each other for new business.
The two companies will collaborate with each other in order to offer superior products and terms to the market.
ACE announces future Chubb management roles for Australia
ACE Group has announced key product, distribution and claims management roles it intends to appoint to the new operation in Australia. These roles will take effect after the completion of the acquisition of Chubb, which is expected in the first quarter of 2016, and when ACE and Chubb in Australia commence operations together, which is anticipated on 31 March 2016.
John French, ACE Country President, Australia & New Zealand, and also future Country President, Australia & New Zealand for the new operation, said: “Market-facing leadership roles will be critical in delivering for our brokers, clients and partners. With this in mind, I am very proud to announce this strong and experienced management team.”
They will continue to offer Accident & Health, Business Insurance, Casualty, Construction, Environmental Risk, Energy & Power, Financial Lines, Marine Insurance, Personal Liability Insurance, Prestige Home & Contents and Travel Insurance
For more details http://new.chubb.com/en/au/
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