AM Best Affirms Credit Ratings of Chubb Limited and Its Subsidiaries - Seite 2

Chubb US Group’s favorable business profile is supported by its position as the eighth-largest U.S. property-casualty insurer, based on 2019 direct written premiums (DWP). As of 2019, the group is the second-largest U.S. commercial lines insurer with $18.0 billion of DWP, and the 16th-largest personal lines insurer with $3.7 billion of DWP.

The ratings of Chubb Tempest Re and its member reflect their balance sheet strength, which AM Best categorizes as strongest, as well as their very strong operating performance, favorable business profile and appropriate ERM.

The ratings of Chubb Bermuda and its member reflect their balance sheet strength, which AM Best categorizes as strongest, as well as their very strong operating performance, neutral business profile and appropriate ERM. The ratings also reflect the implicit support that they receives from CB, its ultimate parent.

The ratings of the Combined companies reflect their balance sheet strength, which AM Best categorizes as very strong, as well as their strong operating performance, neutral business profile and appropriate ERM. The ratings also reflect the companies’ strategic role in supporting the organization’s global accident and health segment.

The ratings of ACE Life reflect its balance sheet strength, which AM Best categorizes as very strong, as well as its marginal operating performance, very limited business profile and appropriate ERM. The ratings also reflect the continued financial support received from its parent.

Each of these groups benefit from the financial flexibility provided by CB, which maintains financial leverage that is in line with its current ratings, as well as additional liquidity sources given its access to capital markets and line of credit. AM Best expects that earnings and cash flows from CB’s operating subsidiaries will allow it to support risk-adjusted capitalization should the need arise. At the same time, surplus growth at each group occasionally has been limited over the past five years by the payment of dividends. These dividends vary based on capital needs at the various subsidiaries.

A complete listing of Chubb Limited’s FSRs, Long-Term ICRs and Long- and Short-Term IRs also is available.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.