Chubb Corporation

Chubb’s exposure in hurricane risk states like Texas is less than 5.0%. Indeed, no state – other than New York, California and New Jersey - accounts for more than 5.0% of the group’s premium income

The US based property and casualty insurer, Chubb Corporation increased its net income by an impressive 11.0% from $2.5bn in 2006 to $2.8bn in 2007. This was despite a negligible increase (0.2%) in its gross premium income and a 1.0% fall in its net premium income in a year that John D. Finnigan, Chubb’s president and chief executive, described as characterised by a “slow growth environment marked by intense competition for market share”. Even more critical for Chubb’s underwriting result, the company also recorded a slight drop in its net earned premium income.