Ho Chi Minh City, Jul 19, 2016 - Chubb today announced the official name change of its general insurance subsidiary in Vietnam from ACE Insurance to Chubb Insurance Vietnam Co., Ltd. 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 Insurance remain fully intact under Vietnam laws and regulations.
The company’s new name in Vietnam 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.
Mr. Dang Hoang Tung, Country President of Chubb Insurance in Vietnam, said: “The acquisition of Chubb globally this year has become a significant milestone for us in Vietnam and colleagues around the world. Our name has changed, but our commitment remains the same as it has over the past 10 years - 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. Dang. “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 Vietnam 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.SM" - a mark of craftsmanship.
Chubb in Vietnam
Chubb has both general insurance and life insurance operations in Vietnam. Its general insurance operation in Vietnam (Chubb Insurance Vietnam Company Limited) offers specialized and customized coverages for Property, Casualty, Marine, Financial Lines, Energy & Utilities, as well as Accident & Health.
Chubb in Vietnam leverages global expertise and local acumen to tailor solutions to mitigate clients’ risks. In addition, the company focuses on building strong relationships with clients by offering responsive service, developing innovative products and providing market leadership built on financial strength.
More information can be found at www.chubb.com/vn.
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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength 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
Huynh Thy Khue
thykhue.huynh@chubb.com
Chubb Insurance Vietnam Co., Ltd.
Saigon Finance Center
9 Dinh Tien Hoang St., 8/F
DaKao Ward, Dist. 1,
HCM City, Vietnam