Introduction
Today's Chubb is a leading global insurer serving customers from the largest multinational companies to individuals and families around the world.
The company took its present form in 2016 when ACE Limited acquired the Chubb Corporation, creating a world leader in insurance. Now operating under the renowned Chubb name, both companies brought with them a rich history as leaders and innovators in the industry.
![Our History | Chubb (1) Our History | Chubb (1)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb/about-chubb/who-we-are/history/images/1792-our-history.jpg/_jcr_content/renditions/cq5dam.web.1280.1280.jpeg)
Our origins
1792
Chubb traces its history to 1792, when investors met at Independence Hall in Philadelphia to organize the Insurance Company of North America (INA), the first stock insurance company in the United States.
INA, then part of Cigna Corporation, was acquired by ACE Limited in 1999.
![Our History | Chubb (2) Our History | Chubb (2)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1882.jpg/_jcr_content/renditions/cq5dam.web.1280.1280.jpeg)
OUR ORIGINS
1882
The origins of the Chubb Corporation date back to 1882 when Thomas Caldecot Chubb and his son Percy opened their marine underwriting business in the seaport district of New York City.
1985
ACE Limited
ACE Limited was established in 1985 in response to an availability crisis in the U.S. insurance marketplace for excess liability and directors and officers insurance coverage. Recognizing the need, a handful of forward-thinking pioneers helped form a consortium and pool the capital to create a new kind of insurance company. Those founding sponsors constituted an impressive list of 34 blue-chip companies from a broad range of industries, including health care, pharmaceuticals, manufacturing, transportation, utilities, oil and gas, banking and the automotive industry.
From its inception through the 1990s, ACE grew rapidly through product diversification, strategic partnerships and acquisition. A true turning point for ACE was its 1999 acquisition of Cigna Corporation’s international and domestic property and casualty business, the Insurance Company of North America (INA). The acquisition gave ACE an instant global network and simultaneously transferred INA’s 200-year history to the company.
In the following decade and beyond, ACE progressed on its path of growth and international expansion organically and via strategic acquisition. During that time, ACE fostered its reputation as a superior underwriting company that delivered exceptional service through an unparalleled global network.
![Our History | Chubb (3) Our History | Chubb (3)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb/about-chubb/who-we-are/history/images/1985.jpg/_jcr_content/renditions/cq5dam.web.1280.1280.jpeg)
1985
American Casualty Excess Insurance Company Ltd. and parent ACE Limited form.
1882
The Chubb Corporation
The origins of the Chubb Corporation date back to 1882 when Thomas Caldecot Chubb and his son Percy opened their marine underwriting business in the seaport district of New York City. Having collected $1,000 from each of 100 prominent merchants to start their venture, they focused initially on insuring ships and cargoes.
The Chubbs were adept at turning risk into success, often by helping their policyholders prevent disasters before they occurred. By the turn of the century, Chubb had established strong relationships with the insurance agents and brokers who placed their clients’ business with Chubb underwriters.
Chubb & Son did not value size in itself but regarded it as a measure of what had been achieved. Upon the Company's 75th anniversary in 1957, Hendon Chubb — who had joined his older brother Percy in the firm in 1895 — noted, "I think there is perhaps a tendency in American business to overemphasize mere size, whereas to me it should be a by-product of a job well done."
Timeline
1792
1792
Investors meet at Independence Hall in Philadelphia to organize the Insurance Company of North America.
![Our History | Chubb (4) Our History | Chubb (4)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb/about-chubb/who-we-are/history/images/1792-our-history.jpg)
1794
1794
INA enters fire insurance and is the first U.S. insurer to cover the contents of a house from fire.
![Our History | Chubb (5) Our History | Chubb (5)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1794.jpg)
1808
1808
INA appoints fire insurance agents on the U.S. frontier and launches its first advertising campaign.
![Our History | Chubb (6) Our History | Chubb (6)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1808-640x360.jpg)
1821
1821
Our predecessor fire insurer Aetna Insurance Company becomes the first U.S. insurer to enter Canada.
![Our History | Chubb (7) Our History | Chubb (7)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1821-520x520.jpg)
1837
1837
Thomas Caldecot Chubb is born in London.
![Our History | Chubb (8) Our History | Chubb (8)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1837.jpg)
1837
1837
Westchester County Mutual Insurance Company is organized in New Rochelle, N.Y., the earliest predecessor of our Westchester unit today.
![Our History | Chubb (9) Our History | Chubb (9)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1837_2.jpg)
1848
1848
INA appoints an agent in San Francisco as the California Gold Rush begins. Premiums are sent to the home office in the form of gold dust.
![Our History | Chubb (10) Our History | Chubb (10)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1848-520x520.jpg)
1857
1868
1868
After relocating to San Francisco, Thomas Chubb lists his new occupation as marine insurance.
![Our History | Chubb (12) Our History | Chubb (12)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1868.jpg)
1882
1882
Thomas and Percy Chubb set up Chubb & Son in New York City.
![Our History | Chubb (13) Our History | Chubb (13)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1882.jpg)
1887
1887
INA appoints agents in London, Vienna and Buenos Aires, the beginning of our Overseas General business today.
![Our History | Chubb (14) Our History | Chubb (14)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1887_2.jpg)
1887
1887
Flour mills organize Pennsylvania Millers Mutual Fire Insurance Company, known as Penn Millers today.
![Our History | Chubb (15) Our History | Chubb (15)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1887-640x360-1.jpg)
1897
1897
INA becomes the first U.S. insurer to appoint an agent in China.
![Our History | Chubb (16) Our History | Chubb (16)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1897.jpg)
1901
1901
Percy Chubb organizes the Federal Insurance Company in New Jersey. They write marine insurance and expand into fire two years later.
![Our History | Chubb (17) Our History | Chubb (17)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1901-640x360.jpg)
1911
1911
The Chubb & Son reins are passed onto Hendon Chubb, Percy Chubb's younger brother.
![Our History | Chubb (18) Our History | Chubb (18)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1911.jpg)
1912
1912
Three of our predecessor insurance companies (Aetna, Federal, INA) suffer losses from the sinking of the Titanic.
![Our History | Chubb (19) Our History | Chubb (19)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1912.jpg)
1913
1913
Lloyds of Minneapolis (later Great Northern Insurance Company) begins offering auto liability insurance; it is acquired by Chubb in 1960.
![Our History | Chubb (20) Our History | Chubb (20)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1913-640x360.jpg)
1919
1919
The Hail Audit and Statistical Bureau is formed, leading to the Rain and Hail Insurance Bureau five years later.
![Our History | Chubb (21) Our History | Chubb (21)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1919.jpg)
1921
1921
Chubb acquires control of U.S. Guarantee Company, transforming it from a fidelity and surety company to a general casualty insurer.
![Our History | Chubb (22) Our History | Chubb (22)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1921.jpg)
1928
1928
Chubb & Son opens its first branch outside the U.S. in Montreal, Canada.
![Our History | Chubb (23) Our History | Chubb (23)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1928-520x520.jpg)
1929
1929
Chubb & Son begin underwriting aviation risk.
![Our History | Chubb (24) Our History | Chubb (24)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1929-520x520.jpg)
1939
1939
Insurance agent W. Clement Stone incorporates the Combined Mutual Casualty Company in Illinois, predecessor insurer of Combined Insurance today.
![Our History | Chubb (25) Our History | Chubb (25)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1939.jpg)
1950
1950
INA invents the definitive multiple-line homeowners policy.
![Our History | Chubb (26) Our History | Chubb (26)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1950-640x360-2.jpg)
1955
1955
Pacific Employers Group creates a claims unit called the Employers Self-Insurance Services (ESIS).
![Our History | Chubb (27) Our History | Chubb (27)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1955-520x520.jpg)
1956
1956
Chubb forms a personal lines department. It also installs the company's first computer, the IBM 705.
![Our History | Chubb (28) Our History | Chubb (28)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1956.jpg)
1965
1965
INA debuts on the New York Stock Exchange. That year it acquires the Pacific Employers Group.
![Our History | Chubb (29) Our History | Chubb (29)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1965-520x520.jpg)
1967
1967
The Chubb Corporation is formed. That year, Chubb acquires the Pacific Indemnity Companies.
![Our History | Chubb (30) Our History | Chubb (30)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1967-520x520.jpg)
1976
1976
Chubb responds to several years of business challenges by developing its successful focus on select markets, specialties, and — in personal lines — explicitly serving the high net worth client.
![Our History | Chubb (31) Our History | Chubb (31)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1976.jpg)
1980
1980
INA insures the Olympic Winter Games in Lake Placid, N.Y.
![Our History | Chubb (32) Our History | Chubb (32)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1980.jpg)
1982
1982
INA Corporation and the Connecticut General Corporation complete a merger to create CIGNA Corporation.
![Our History | Chubb (33) Our History | Chubb (33)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1982-520x520.jpg)
1982
1982
E.T. the Extra Terrestrial is released with Chubb Custom Market underwriting the production of the film.
![Our History | Chubb (34) Our History | Chubb (34)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1982_2-520x520.jpg)
1984
1984
Marsh President Robert Clements foresees a potential excess liability crisis and has an idea to fill the void: American Casualty Excess - ACE.
![Our History | Chubb (35) Our History | Chubb (35)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1984_ace-520x520.jpg)
1984
1984
Chubb is listed on the New York Stock Exchange.
![Our History | Chubb (36) Our History | Chubb (36)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1984_2.jpg)
1985
1985
American Casualty Excess Insurance Company Ltd. and parent ACE Limited form.
![Our History | Chubb (37) Our History | Chubb (37)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1985.jpg)
1986
1986
Chubb launches the famed Masterpiece personal lines policy, becoming the company's definitive high net worth product.
![Our History | Chubb (38) Our History | Chubb (38)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1986.jpg)
1990
1990
Chubb begins additional overseas expansion.
![Our History | Chubb (39) Our History | Chubb (39)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1990-520x520.jpg)
1993
1993
ACE goes public on the New York Stock Exchange.
![Our History | Chubb (40) Our History | Chubb (40)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1993.jpg)
1996
1996
ACE acquires the first of its Lloyd's syndicate managing agencies and acquires Tempest Re, our major global reinsurer.
![Our History | Chubb (41) Our History | Chubb (41)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1996-520x520.jpg)
1999
1999
ACE acquires CIGNA P&C for $3.45 billion, thus entering 50 countries and transforming its business from specialty catastrophic risk to diversified property and casualty.
![Our History | Chubb (42) Our History | Chubb (42)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/1999-640x360.jpg)
2001
2001
Evan Greenberg joins ACE.
![Our History | Chubb (43) Our History | Chubb (43)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/2001.jpg)
2004
2004
Evan Greenberg named Chief Executive Officer of ACE.
![Our History | Chubb (44) Our History | Chubb (44)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/2004.jpg)
2012
2012
Chubb claims service shines after Superstorm Sandy, settling the largest number of claims in company history.
![Our History | Chubb (45) Our History | Chubb (45)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/2012.jpg)
2016
2016
ACE and Chubb become one and adopt the Chubb name.
![Our History | Chubb (46) Our History | Chubb (46)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/2016.jpg)
2017
2017
Chubb celebrates 225 years of underwriting through the birth of our oldest company in 1792.
![Our History | Chubb (47) Our History | Chubb (47)](https://i0.wp.com/about.chubb.com/content/dam/chubb-sites/chubb-com/us-en/about-chubb/chubb-history/images/2017.jpg)