![]() We service and pay our claims fairly and promptly. As an underwriting company, we assess, assume and manage risk with insight and discipline. 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. In other markets, the businesses will be rebranded as Chubb as the integration progresses and operating entities are combined.Ĭhubb is the world's largest publicly traded property and casualty insurance company. In Korea, the business will continue to operate under the LINA name, but with a fresh look that aligns with the Chubb brand. Integration planning has been actively underway since the transaction was announced last October. Expense synergies are now projected to be at a run-rate of $100 million pre-tax, or 28% higher than previously estimated, resulting in one-time net integration costs of $140 million pre-tax, which are higher than originally estimated, reflecting the higher expected ongoing expense synergies. The efficiencies created by the transaction are expected to provide greater flexibility for the company to invest in people, technology, products and distribution in the region. The underlying business remains strong, with premiums on a constant-dollar basis ahead of plan and continued positive outlook for premium growth. Key financial aspects of the transaction are positive: earnings and earnings per share accretion, return on equity accretion and other deal returns are all expected to be consistent with or better than what was originally announced. Together, the leadership and talented professionals of Chubb and Cigna will enable us to provide greater value to our customers, distribution partners, and shareholders." "At the same time, I am also pleased to welcome nearly 3,000 new colleagues to Chubb. Chubb is so well positioned to capitalize on market and product opportunities, including the cross-selling of Chubb's non-life products to life customers, with a strong brand, technology, and complementary direct marketing skills and partnerships. ![]() The Cigna businesses have favorable underwriting margins, produce high-quality earnings, and are not exposed to the P&C cycle. "The Asia-Pacific region offers great potential for long-term growth and wealth creation. "Cigna's business, which is approximately 80% A&H, adds significantly to our business in Asia," said Evan G. ![]() The company's global A&H writings will increase in size to approximately $6 billion in premium, up from $3.7 billion, while the company's life insurance segment becomes a $5.4 billion business. With the addition of Cigna's business, Asia-Pacific's share of Chubb's global portfolio will grow to approximately $7 billion in premium from $4 billion, representing about 18% of the total company premiums, with approximately 95% of the acquired business contributing to Chubb's Life Insurance segment and the remainder to its Overseas General Insurance segment. Best.This complementary strategic acquisition advances Chubb by expanding its presence in the Asia-Pacific region, a long-term growth area for the company. Chubb also earns high ratings for claims-paying ability from Standard & Poor’s and Moody’s, and for financial stability from A.M. For several years, Chubb has consistently been rated highest among insurance carriers for quality of service in the Goldman, Sachs survey of insurance agents and brokers. Rand’s experienced professionals have been providing this quality of service to their customers, both large and small, for more than fifty years.Ĭhubb has been providing personal and commercial insurance since 1882 and counts some of the world’s most renowned photographers among its special customers. Rand Insurance is committed to provide service excellence with understanding and innovation. In association with NANPA, and underwritten by Chubb, Rand has developed a program custom-tailored to the needs of photographers. serves as the administrator of the NANPA Photographers Equipment Insurance Program. Luckily, Rand Insurance and Chubb have a solution designed just for current NANPA members who are U.S. The last thing you need to worry about is equipment damage or theft when you’re trying to focus on the job at hand. Expensive equipment, unpredictable conditions and the always-elusive perfect moment make the final product uniquely rewarding, and uniquely yours.
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