Hong Kong, May 3, 2016 – Chubb today announced the official name change of its life insurance subsidiary in Hong Kong from ACE Life to Chubb Life (Chubb Life Insurance Company Ltd.) effective immediately. The new name will not affect the company and business partners’ operations or customers’ rights, obligations or policies, which remain fully intact under Hong Kong laws and regulations.
The company’s new name in Hong Kong 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 more than 130 years of history, and ACE, a global leader known for its underwriting excellence and global presence. The new Chubb is the world’s largest publicly traded property and casualty insurer.
“Our name is new, but our commitment to provide the best service capabilities and innovative product offerings to our policyholders, agents, brokers and other business partners remains the same. Our customers can be confident in the protection Chubb Life offers for their family’s financial security and well being,“ said Allan Lam, Country President of Chubb Life in Hong Kong. “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. 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.”
Starting today, people in Hong Kong will see the company’s new and colorful brand identity. Our new logo is a clear, refined, modern expression of the Chubb name. To balance the simplicity of the logo, the company has chosen an ‘out-of-the-box’ approach by using nine colors to represent the new Chubb brand, reflecting the diversity and energy of the new Chubb’s can-do culture, thinking, global presence, the many different customers it serves and the many products it offers. All of this is backed by the company’s ‘signature’ – “Chubb. Insured.” – a mark of craftsmanship.
Mr. Lam concluded, “The new Chubb looks forward to sharing even more personalized insights that add value to the rapidly changing needs of our customers. Chubb Life in Hong Kong also expects to pursue new, profitable growth opportunities by leveraging the broad and deep global presence of our parent company along with our local expertise.”
About Chubb Life in Hong Kong
Chubb Life is the global life insurance division of Chubb, the world’s largest publicly traded property and casualty insurance company. With both general and life insurance operations, Chubb has been present in Hong Kong for more than 90 years, via acquisitions by its predecessor companies. To meet the financial protection and security needs of its broad range of customers in Hong Kong, ACE Life in Hong Kong (ACE Life Insurance Company Ltd.) offers a comprehensive array of quality life and medical insurance products and services.
More information can be found at life.chubb.com/hk.
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
Chubb Life Insurance Company Ltd.
Bonny Ching: +852 2837 7095; Bonny.Ching@Chubb.com