AM Best Affirms Credit Ratings Of Chubb Limited

December 14, 2019 | 0 Comments

AM Best has affirmed the Financial Strength Rating [FSR] of A++ [Superior] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “aa+” of the subsidiaries of Chubb Limited [Zurich, Switzerland], which include the members of the Chubb US Group of Insurance Companies [Chubb US Group]; the members of Chubb Bermuda Insurance Ltd. [Chubb Bermuda] and Chubb Tempest Reinsurance Ltd. [Chubb Tempest Re] [both domiciled in Bermuda].

In addition, AM Best has affirmed the FSR of A+ [Superior] and the Long-Term ICRs of “aa-” of Combined Insurance Company of America [headquartered in Chicago, IL] and Combined Life Insurance Company of New York [Latham, NY] [together known as the Combined companies]. AM Best also has affirmed the FSR of A- [Excellent] and the Long-Term ICR of “a-” of ACE Life Insurance Company [ACE Life] [Stamford, CT].

Lastly, AM Best has affirmed the Long-Term ICRs of “a+” and the Long-Term Issue Credit Ratings [Long-Term IR] of Chubb Limited [CB] and Chubb INA Holdings Inc. The outlook of these Credit Ratings [ratings] is stable.

AM Best also has withdrawn its ratings of Chubb Atlantic Indemnity Ltd. [Bermuda], due to the transfer of its loss reserve balances and unearned premium reserves to its affiliate, Chubb Bermuda.

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