Bangkok, May 19, 2016 - Chubb today announced the official name change of its life insurance subsidiary in Thailand from ACE Life to Chubb Life (Chubb Life Assurance Public Company Limited). The new name will not affect the company’s business operation in the marketplace, and all rights and obligations between existing clients and business partners with ACE Life remain fully intact under Thailand laws and regulations.
The company’s new name in Thailand follows ACE Limited’s acquisition of The Chubb Corporation that was completed on January 14th, 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 known for its underwriting excellence and global presence. The new Chubb is the world’s largest publicly traded property and casualty insurer.
Sally O’Hara, Country President of Chubb Life in Thailand, said: “With ACE’s acquisition of Chubb, 2016 marks a significant milestone for us in Thailand and around the world. 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 that both ACE and Chubb have developed over many years.”
“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 Mrs. O’Hara. “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.”
Beginning today, people in Thailand will see the company’s new and colorful 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 colors 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.
Mrs. O’Hara continued: “We look forward to crafting solutions and delivering unmatched service to meet the financial protection and security needs our customers throughout Thailand.”
About Chubb Life in Thailand
Chubb Life is the global life insurance division of Chubb. Established in 2001, Chubb Life (Chubb Life Assurance Public Company Limited) in Thailand offers a comprehensive array of quality life-insurance products to meet the financial protection and security needs of a broad range of customers. Chubb Life distributes its products through its professional and growing tied agency network of around 3,500 agents, as well as through its partnerships with leading banks, financial institutions, independent brokers and other companies to tailor insurance policies for their clients and employees. More information can be found at www.chubb.com/th.
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)
Jaruma Jaruphongtawit 02 615 6886
Chubb Life Assurance Public Company Limited
130-132 Sindhorn Building Tower 1, 12th Floor,
Wireless Road, Lumpini, Pathumwan, Bangkok 10330, Thailand