Chubb Computer Services Inc history

In 1901, NYMU, Chubb's principal property and casualty affiliate, was reorganized as Federal Insurance Company.

In 1921, Chubb & Son began to represent United States Guarantee Company.

In 1939, Chubb founded Vigilant Insurance Company, a wholly owned fire and marine subsidiary.

Also in December 1941, Chairman Charles A. Seibert, a 55-year veteran of the company, announced his retirement.

1959: Chubb & Son reincorporates under the laws of New York.

In 1967, the company's management formed The Chubb Corporation to act as a holding company.

In September 1969, William M. Rees, then president of The Chubb Corporation, was elected chief executive officer and became responsible for all operations excluding investment.

In 1971, Chubb acquired United Life & Accident Insurance Company and founded Chubb Custom Market.

In 1973, Chubb, through the international division of Chubb & Son, joined First National City Corporation's subsidiary, FNC Comercio, in buying a majority interest in Companhia de Seguros Argos Fluminense, a Brazilian multiple-line insurance company.

In 1981, the company began to consolidate the activities of The Colonial Life Insurance Company of America and United Life & Accident Insurance Company at Chubb Life's headquarters in Concord, New Hampshire.

In 1983, The Chubb Corporation completed and relocated to a new head office on 185 acres in Warren, New Jersey.

During the summer of 1987, a nine-person delegation from the People's Republic of China spent two days at the company's Warren, New Jersey headquarters.

In 1989, Chubb took great measures to reestablish a positive corporate image.

At $4.2 billion, earnings for 1990 reached a new high, setting the company's fifth consecutive year of record earnings.

1993: Chubb adds offices in Birmingham, Reading, and Manchester.

Beginning in 1997, it began to offer multimedia coverage--liability insurance for the multimedia business.

In 1998, in a move to enter the global reinsurance market, it formed Chubb Re, Inc. and became a low-cost reinsurance provider.

Some analysts questioned if quality operations could be maintained at such a high growth rate in a soft market, but by 1999, the number of offices worldwide was 132.