Chubb Corporation

Premium growth in 2004 was largely the result of retaining a higher percentage of existing customers and attracting new customers. This is in contrast to 2003 when premium growth, particularly in the commercial and specialty businesses, was due primarily to higher rates

Two thousand and four was a good year for the New Jersey-based Chubb Corporation which increased its net profits by 91.4% from $808.8mn to $1.5bn. It was the first year that the group’s net income exceeded $1.0bn.