Chubb announced that it has commenced operating as one insurance company in Australia, rebranding to
Chubb Insurance Australia Limited.
Chubb Insurance Company of Australia Limited’s Australian insurance business was transferred to ACE Insurance Limited on 1 November. On the same date, ACE changed its name to Chubb Insurance Australia Limited.
The move follows ACE Limited’s acquisition of The Chubb Corporation in January 2016, which created a global insurance company operating under the Chubb brand. In Australia, ACE and Chubb began operating as one team in April 2016.
John French, Chubb country president for Australia and New Zealand, said: "Becoming one insurance company marks another important milestone as we continue developing our capabilities. The name of the legal entity is new, but the long term strategy stays the same: we are focused on our customers and crafting products and solutions distributed through various channels to meet their needs while continuing to improve our service capabilities."
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