Chubb Brings Executive Risk Brand to Europe

Chubb Group of Insurance Companies, announced the rebranding of its European portfolio of executive protection and professional liability insurance business under the new name, Chubb Executive Risk.

The move follows an acquisition last year of Executive Risk, a major US carrier focusing on the directors and officers liability, professional liability, errors and omissions and ancillary markets.

The new Chubb Executive Risk combined worldwide distribution channel now includes 5,000 retail independent agents and brokers and more than 2,200 wholesale agents, specialty brokers and program administrators.

Thomas Warden, senior vice president of Chubb Europe, said, "Combining Chubb's balance sheet and global network with Executive Risk's innovative product-development capability will enable us to accelerate premium growth in the European market and achieve attractive underwriting profit margins which is why it makes sense to identify all our combined strengths under one brand name."

Chubb Insurance Company of Europe S.A. (Chubb Europe) provides specialty commercial and personal lines products through independent brokers. Chubb Europe has 32 offices in England, Scotland, Ireland, Belgium, Denmark, France, Germany, Italy, the Netherlands, Spain, Sweden and Switzerland.