Chubb Life
- 1882 – Parent Founded: The Chubb Corporation was founded by Thomas Caldecot Chubb and his son Percy in New York City, originally as a marine underwriting business.
- 1967 – Incorporation: The Chubb Corporation was incorporated, formalizing the structure that would later house its life insurance division.
- 1970s – Life Division Launch: Chubb Life Insurance Company of America was established to offer life insurance products to the high-net-worth clients already served by Chubb’s property and casualty business.
- 1991 – Expansion: Chubb Life expanded its variable universal life (VUL) offerings, targeting estate planning markets.
- 1997 – Divestiture: The Chubb Corporation sold its life insurance subsidiary, Chubb Life Insurance Company of America, to Jefferson-Pilot Corporation for $875 million to focus on its core P&C business.
- 2000s – International Re-entry: While the domestic U.S. life unit was sold, Chubb re-established "Chubb Life" operations internationally (Asia, Latin America) to serve global markets.
- 2016 – Acquisition: ACE Limited acquired The Chubb Corporation for $29.5 billion. ACE adopted the "Chubb" name globally.
- 2016 – Merger: The legacy ACE Life and Chubb Life international divisions were combined under the brand Chubb Life.
- 2020 – Cigna Acquisition: Chubb acquired the life and non-life insurance companies of Cigna in seven Asia-Pacific markets, significantly boosting Chubb Life’s presence in the region.
- Present – Focus: Today, Chubb Life operates primarily in international markets (Asia, EMEA, Latin America), while the original U.S. Chubb Life block remains with Lincoln Financial (via the Jefferson-Pilot acquisition).
Source: Chubb History | Lincoln/Jefferson-Pilot Archive
