The Origins Of The Chubb Corporation Essay

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Corporate Overview
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 Chubb’s 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.

Mission Statement:
CHUBB’s mission statement explains that "The Chubb mission is to provide excellent services to its customers throughout their life." This corporation demonstrates it by offering various numbers of services in the insurance industry. They do not only focus in one specific area of their customers, but instead broad their services to any kind of problem that might come through the way of their customers.

Primary Services
CHUBB Limited offers a variety of

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