Chubb China provides risk management and underwriting expertise for all major classes of general insurance, including Property, Casualty, Marine and Financial Lines. It also offers a range of group and personal Accident and Health insurance products for corporate clients and individuals. Chubb China leverages global expertise and local acumen to tailor solutions for the diverse risk management needs of its clients.
Chubb's participation in China's insurance market dates back to 1897, when the Insurance Company of North America, now a subsidiary of Chubb, appointed an agent in Shanghai. It was the first U.S. insurance company to conduct business in China. In 1994, Chubb set up its first representative office in China. A branch company was subsequently established in 2000 in Shanghai, which was converted to a wholly owned subsidiary upon the approval of China Insurance Regulatory Commission. The company currently has four operations in Shanghai, Beijing, Guangdong and Jiangsu provinces, with plans to commence operations in other regions in the near future. Chubb in China receives financial rating of AA- from Standard & Poor's.