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| Filename | Chubb-Insurance-rating-report-202211.pdf |
| Filesize | 293.28 KB |
| Version | paid report |
| Date added | November 1, 2022 |
| Category | Credit Rating Reports, Insurance |
| Tags | South Africa |
ACE Limited acquired The Chubb Corporation and its affiliates on the 14th January 2016. As such, The Chubb Corporation merged into ACE INA Holdings Inc. (“AIH”), with AIH being the surviving entity. Pursuant to that, ACE Limited changed its name to Chubb Limited, with the majority of subsidiaries and affiliates rebranding, including Chubb SA rebranding to Chubb Insurance South Africa Limited on the 1st July 2016.
The insurer established a physical presence in the South African market in 2006 and is a wholly owned subsidiary of Chubb INA International Holdings Limited (“CIIH”). CIIH is a subsidiary of Chubb INA Holdings Inc, an entity which is ultimately owned by Chubb Limited. The latter is listed on the New York Stock Exchange and has operations across the globe. In view of this, the report is a reflection of Chubb Insurance’s stand-alone credit profile.