Chubb Limited CB

Chubb Limited, incorporated on July 18, 2008, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance. It offers commercial insurance products and service offerings, such as risk management programs, loss control, and engineering and complex claims management. It provides specialized insurance products to areas, such as aviation and energy. It also offers personal lines insurance coverage, including homeowners, automobile, valuables, umbrella liability and recreational marine products. In addition, it supplies personal accident, supplemental health and life insurance to individuals in select countries.

North America Commercial P&C Insurance

The North America Commercial P&C Insurance segment comprises operations that provide P&C insurance and services to large, middle market and small commercial businesses in the United States, Canada and Bermuda. This segment includes its retail divisions: Major Accounts, Commercial Insurance, including Small Commercial Insurance, and its wholesale and specialty divisions: Westchester and Chubb Bermuda. These divisions write a range of coverages, including traditional commercial property, marine, general casualty, workers' compensation, package policies, and risk management; specialty categories such as professional lines, marine and construction risk, environmental and cyber risk, excess casualty, as well as group accident and health (A&H) insurance.

Major Accounts distributes its insurance products primarily through a number of retail brokers. In addition to using brokers, certain products are also distributed through general agents, independent agents, managing general agents (MGA), managing general underwriters, alliances, affinity groups and direct marketing operations. Products and services offered include property, professional liability, excess casualty, commercial marine, surety, environmental, inland marine, personal accident and supplemental health insurance (A&H) coverages, as well as claims and risk management products and services. Chubb Global Casualty offers a range of customized risk management primary casualty products designed to help insureds, including national accounts, address the significant costs of financing and managing risk for workers' compensation, general liability and automobile liability coverages. Property provides products and services, including primary, quota share and excess all-risk insurance, risk management programs and services, commercial and inland marine products. Surety offers a range of surety products and specializes in underwriting both commercial and contract bonds, and has the capacity for bond issuance on an international basis. Accident & Health products include employee benefit plans, occupational accident, student accident, and worldwide travel accident and global medical programs. Financial Lines provides management liability and professional liability and cyber risk products to public companies, as well as to private and not for profit organizations. Casualty Risk provides coverages, including umbrella and excess liability, environmental risk and casualty programs for commercial construction related projects for companies and institutions. Medical Risk offers a range of specialty liability products for the healthcare industry through licensed excess and surplus lines brokers.

Commercial Insurance provides a range of P&C and professional lines products targeted to the United States and Canadian-based middle market customers in a range of industries. Commercial Insurance products and services include traditional property and casualty lines of business, including Package, which combines property and general liability, workers compensation, automobile and umbrella; financial lines of business, including professional liability, management liability and Cyber risk coverage, and other lines, including environmental, accident & health, international coverages and product recall. Commercial Insurance distributes its insurance products through a North American network of independent retail agents, regional brokers and multinational brokers. Small Commercial Insurance products and services include property, professional and management liability, environmental, inland marine, umbrella, workers' compensation, automobile liability, surety, A&H coverages and business owner's policy package coverage. Products are generally offered through a North American network of retail agents and brokers.

Chubb Westchester serves the market for business risks that tend to be hard to place due to unique or complex exposures. Its products include wholesale excess and surplus lines property, casualty, environmental, professional liability, inland marine and product recall coverages in the United States, Canada and Bermuda. Chubb Bermuda provides commercial insurance products on an excess basis including excess liability, Directors & Officers (D&O), professional liability, property and political risk. Chubb Bermuda offers its products primarily through the Bermuda offices of insurance brokers.

North America Personal P&C Insurance

The North America Personal P&C Insurance segment includes the business written by Chubb Personal Risk Services division, which comprises Chubb high net worth personal lines business and ACE Private Risk Services, with operations in the United States and Canada. This segment provides high net worth individuals and families with homeowners, automobile and collector cars, valuable articles, personal and excess liability, travel insurance and recreational marine insurance and services. Chubb Personal Risk Services offers personal insurance products and services to meet the evolving needs of families and individuals. Its target customers consist of high net worth consumers with insurance needs that typically extend beyond what mass market carriers can offer. These coverages are offered through independent regional agents and brokers.

North America Agricultural Insurance

The North America Agricultural Insurance segment comprises its United States and Canadian-based businesses that provide a range of coverages, including crop insurance, primarily Multiple Peril Crop Insurance (MPCI) and crop-hail insurance through Rain and Hail Insurance Service, Inc. (Rain and Hail), as well as farm and ranch and specialty P&C commercial insurance products and services through its Chubb Agribusiness unit. The Rain and Hail business provides these insurances for companies that manufacture, process and distribute agriculture products. The MPCI program is offered in conjunction with the United States Department of Agriculture (USDA). The USDA's Risk Management Agency (RMA) sets the policy terms and conditions, rates and forms, and is also responsible for setting compliance standards.

Overseas General Insurance

The Overseas General Insurance segment comprises Chubb International and Chubb Global Markets (CGM). CGM, its international specialty and excess and surplus lines business, includes Lloyd's of London (Lloyd's) Syndicate 2488 and Syndicate 1882, both Chubb syndicates supported by funds at Lloyd's provided by Chubb Corporate Members. Chubb International maintains a presence in insurance markets in the world and is organized geographically along product lines, such as Europe, Asia Pacific, Eurasia and Africa, Far East and Latin America. Its products offered include P&C, A&H, specialty coverages, and personal lines insurance products and services.

Certain Europe branded products are also offered via an e-commerce platform, Chubb Online, that allows brokers to quote, bind and issue specialty policies online. Property insurance products include traditional commercial fire coverage, as well as energy industry-related, marine, construction and other technical coverages. Principal casualty products are commercial primary and excess casualty, environmental and general liability. A&H and other consumer lines products are distributed through brokers, agents, direct marketing programs and sponsor relationships. Chubb International specialty coverages include D&O, professional indemnity, energy, aviation, political risk and specialty personal lines products. The A&H operations primarily offer personal accident and supplemental medical coverages, including accidental death, business/holiday travel, specified disease, disability, medical and hospital indemnity, and income protection. Chubb International's personal lines operations provide specialty products and services designed to meet the needs of specific target markets and include property damage, automobile, homeowners and personal liability.

Global Reinsurance

The Global Reinsurance segment represents Chubb's reinsurance operations comprising Chubb Tempest Re Bermuda, Chubb Tempest Re USA, Chubb Tempest Re International and Chubb Tempest Re Canada. The Global Reinsurance segment also includes CGM's reinsurance operations. Global Reinsurance markets reinsurance products around the world under the Chubb Tempest Re brand name and provides solutions for small to mid-sized clients and multinational ceding companies. Global Re offers an array of traditional and non-traditional property and casualty products. Chubb Tempest Re Bermuda principally provides property catastrophe reinsurance globally to insurers of commercial and personal property. Chubb Tempest Re Bermuda underwrites reinsurance principally on an excess of loss basis. Chubb Tempest Re Bermuda also writes other types of reinsurance on a limited basis for selected clients. Chubb Tempest Re Bermuda's business is produced through reinsurance intermediaries.

Chubb Tempest Re USA writes all lines of traditional and specialty P&C reinsurance, and surety and fidelity reinsurance for the North American market, principally on a treaty basis, with a focus on writing property per risk and casualty reinsurance. Chubb Tempest Re USA underwrites reinsurance on both a proportional and excess of loss basis. This unit's diversified portfolio is produced through reinsurance intermediaries. Chubb Tempest Re International provides traditional and specialty P&C reinsurance to insurance companies around the world, with emphasis on non-United States and Canadian risks. Chubb Tempest Re International writes all lines of traditional and specialty reinsurance, including property risk and property catastrophe, casualty, marine, aviation and specialty through its London- and Zurich-based divisions. The London-based divisions of Chubb Tempest Re International focus on the development of business sourced through London market brokers and write a diverse book of international business using Syndicate 2488 and AEGL.

The Zurich-based division focuses on providing reinsurance to continental European insurers via continental European brokers while also serving Asian and Latin American markets. Chubb Tempest Re International also includes its Shanghai, China office, which provides reinsurance coverage for Chinese-based risks. Chubb Tempest Re International underwrites reinsurance on both a proportional and excess of loss basis. Chubb Tempest Re Canada offers an array of traditional and specialty P&C, and reinsurance to the Canadian market, including casualty, property risk and property catastrophe. Chubb Tempest Re Canada provides coverage through its Canadian company platform and also offers clients access to Syndicate 2488. Chubb Tempest Re Canada underwrites reinsurance on both a proportional and excess of loss basis.

Life Insurance

The Life Insurance segment comprises Chubb's international life operations (Chubb Life) and Chubb Tempest Life Re (Chubb Life Re). It also comprises North American supplemental A&H and life business of Combined Insurance. Chubb Life provides individual life and group benefit insurance primarily in emerging markets, including Hong Kong, Indonesia, South Korea, Taiwan, Thailand, Vietnam and Egypt; Latin America, selectively in Europe, and in China through a non-consolidated joint venture insurance company. Chubb Life offers a broad portfolio of protection and savings products, including whole life, endowment plans, individual term life, group term life, medical and health, personal accident, credit life, universal life and unit linked contracts. The policies written by Chubb Life generally provide funds to beneficiaries of insureds after death and/or protection and/or savings benefits while the contract owner is living. Chubb Life sells to consumers through a range of distribution channels, including captive and independent agency, bancassurance, worksite marketing, retailers, brokers and direct to consumer marketing. Chubb also maintained approximately 36 percent direct and indirect ownership interest in Huatai Life Insurance Co., Ltd. (Huatai Life), as of December 31, 2016. Huatai Life offered a portfolio of insurance products through a range of distribution channels, including approximately 333 licensed sales locations in 16 Chinese provinces, as of December 31, 2016.