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Sunday, 12th April 2026
Chubb Bermuda International Insurance Ireland DAC
In January 2016, ACE Limited acquired the Chubb Corporation, creating the world’s largest publicly traded property and casualty insurance company operating under the renowned Chubb name.
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.
By the time the company acquired Chubb in 2016, ACE had grown into a leading global insurer serving customers from the largest multinational companies to individuals and families around the world.
Today, the new Chubb operates in 54 countries and provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
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