Global insurer Chubb has completed the integration of its key operating companies in Europe, calling it “another milestone” for the business.
The insurance business of Chubb Insurance Company of Europe SE was transferred on May 1 to ACE European Group Limited, which has rebranded as Chubb European Group Limited.
“Our priority has been to bring together the compelling complementary strengths of our respective organisations for the benefit of our customers and distribution partners in Europe,” said Andrew Kendrick, regional president, Europe, at Chubb.
“The successful legal integration of these insurance companies and our renaming as Chubb represents another milestone in this journey,” he added.
ACE acquired Chubb in January 2016, and, since then, the two companies have functioned as one organisation in the UK. Operations in other European countries have followed suit in line with local timetables.
“I am very pleased with the response we have received from the market about our progress so far and enormously excited about our future serving brokers and clients under our new Chubb brand,” Kendrick said.
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