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Chubb Limited, incorporated in Zurich, Switzerland, is the {mother or father|father or mother|parent or guardian} company of the Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance. ACE operates in 54 countries and areas and in the Lloyd's insurance market in {Greater london|London, uk|Birmingham}. Clients of Chubb {comprise|are made up|be made up} of multinational corporations and local businesses, individuals, and insurers seeking reinsurance coverage.
In 2014, the group had $98. 2 {billion dollars|million} in assets, $23. 4 billion of gross written premiums and approximately {twenty one|twenty-one|21 years old}, 000 employees. ACE {deals|investments|trading} on the NYSE and is a component of the S&P 500 index. Its core operating insurance companies are rated "AA" (Very Strong) for financial strength by Standard & Poor's[3][4] and "A++" (Superior) by A. M. Best with stable outlooks from both agencies. Fitch rates {EXPERT|ADVISOR|GENIUS} Limited and its subsidiaries "AA" (Very Strong) for financial strength, "AA-" for issuer default and "A+" for senior debt. Moody's rates the U. {H|T|S i9000}. companies "A1" and the unsecured loan notes "A3".
On July 1, 2015, ACE announced that it will acquire Chubb {Company|Organization|Firm} for $28. 3 {billion dollars|million} in cash and stock.
ACE has committed that Chubb's current headquarters in Warren, NJ will have a substantial portion of the headquarters function for the combined company's North American Division. Importantly, the combined company will {take up|choose|undertake} the Chubb name.
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