Chubb

Chubb is one of the world's largest insurance companies and acts as a commercial risk insurer in the United States. Chubb operates in 54 countries and provides commercial and private property insurance as well as accident insurance, supplementary health insurance and other insurance services.

Chubb Limited is registered in Zurich (Switzerland) and is the parent organization of all Chubb companies.

Business in Russia

In Russia, the company is represented by Insurance Company Chubb LLC (Chubb Russia), which is a 100% subsidiary of Chubb Limited and is part of Chubb Group of Companies. SK Chabb is engaged in insurance of mainly corporate clients and provides insurance protection for enterprises representing various industries and services: fuel and energy, metallurgical, transport, engineering, banking, aerospace and others.

2022: Completion of the transfer of the clinical research insurance package of pharmaceutical companies AlfaInsurance

AlfaStrakhovanie and Chabb Insurance Company have completed the procedure for transferring the insurance portfolio for compulsory life and health insurance for patients participating in clinical trials of drugs of the world's largest pharmaceutical companies. Now AlfaStrakhovanie fulfills all the company's obligations under such contracts. The company announced this on November 22, 2022. Read more here.

History

2024: Berkshire Hathaway buys stake in company for $6.7 billion

Warren BuffettBerkshire Hathaway May 15, 2024 announced the purchase of a $6.7 billion stake in Chubb Ltd. insurance company.

The conglomerate has been increasing its stake since 2023, but it has not previously been reported since the SEC allowed Berkshire to keep it private. Berkshire owns a range of insurance companies, including Geico.

Separate quarterly reports suggest Berkshire's stake in banks, insurance and financial companies is growing, while in other industries, including consumer goods, the company is retreating.