Ho Chi Minh City, March 30, 2018 – Chubb Life Insurance Vietnam Company Ltd. (Chubb Life) today announced the opening of Duy Ninh Kindergarten at Duy Ninh commune, Quang Ninh district, Quang Binh province. This is the company’s seventh school building project, and the second funded by the Chubb Charitable Foundation – International, which provided VND 2.5 billion (approximately US$112,500), representing about half of the total project cost. Chubb Life and the local community provided additional support.
With six spacious classrooms, the two-story school provides learning facilities for more than 200 local students. Like the six school projects previously supported by Chubb Life through the Central Region Natural Disaster Prevention and Support Fund, Duy Ninh Kindergarten is designed to withstand flooding. During monsoon season, the campus will provide safe shelter for approximately 300 people. In addition, the project includes self-contained toilets that meet national standards for kindergartens and preschools.
Mr. Lam Hai Tuan, Chairman and Country President of Chubb Life in Vietnam, said, “Education is the gateway to an improved future and provides momentum to create more positive changes to the community. Building high-quality schools with better facilities for learning and teaching is a special way that Chubb Life chooses to offer long-term, sustainable value for local communities. In the coming years, we hope to have more opportunities to implement other meaningful projects that fulfill our commitment to contribute to the communities in which we live and work”.
Since 2005, Chubb Life and Chubb Charitable Foundation – International have provided a total of VND 21.5 billion (US$978,000) to meet educational needs in Vietnam, including the seven schools as well as providing scholarships to underprivileged university students.
About Chubb Charitable Foundation – International
The Chubb Charitable Foundation – International is one of three charitable foundations associated with Chubb. In 2016 the company’s Foundations made grants and matching gifts of nearly US$7.0 million to support innovative initiatives around the globe. Chubb is a firm believer that positive contributions to the fabric of our communities return long-lasting benefits to society, our employees, and our company. We primarily focus our philanthropic support in the areas of education, poverty and health and the environment.
In 2016, The Chubb Charitable Foundation – International funded computers, libraries and English study lab equipment in four primary schools in Central Vietnam: Xuan Lam (Phu Yen province), Trieu Do No.1 (Quang Tri province), Quang Thanh No.2 (Thua Thien Hue province) and Vinh Thanh No.2 (Nghe An province). In 2015, The Chubb Charitable Foundation – International, in partnership with Chubb Life in Vietnam, funded the rebuilding of the Yen My Primary School in Yen My Commune, Nong Cong District, Thanh Hoa Province.
About Chubb Life in Vietnam
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, 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.
Chubb Life is the international life insurance division of Chubb. In Asia, Chubb Life operates in Hong Kong SAR, Indonesia, Korea, Taiwan, Thailand and Vietnam, and participates in a joint-venture in China. Chubb Life has been in Vietnam since 2005, and launched its Fund Management Company (Chubb Life Insurance Vietnam Company Limited) in 2014. To meet the financial protection and security needs of its broad range of customers, Chubb Life in Vietnam (Chubb Life Insurance Vietnam Company Limited) offers a range of life protection, savings, and investment-linked insurance solutions through its agents, banks and its network of 72 offices. Additional information can be found at: http://life.chubb.com/vn.