In 1882, Thomas Caldecot Chubb and his son, Percy, opened their insurance business in New York City, focusing on the seaport district, insuring ships and their cargos. The business initially was called Chubb & Son, and its first policy covered a shipment of grain.
The company evolved and expanded over the years, but Chubb Corporation really expanded into global growth in the 1980s after a manufacturer in New York said to the chairman that he had manufacturing plants in Germany and Asia and would like to use Chubb to insure them. That fateful conversation is at least in part why Chubb is now in 54 countries, offering a wide variety of both commercial and personal insurance products.
Chubbs homeowners programs to note:
There are certainly a lot of competing insurers that are good for the upper class, but Chubb does have a lot of features that you might want to consider if you have wealth you want to protect.
They have insurance policies that really drill deep into the details that you might be concerned about, if you’re, for example, often buying extremely expensive artwork or jewelry or breakables.