Chubb Limited (CB)

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VANCOUVER, Wash., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Barrett Business Services, Inc. (BBSI) (NASDAQBBSI), a leading provider of business management solutions and one of the largest professional employer organizations (PEO) in the U.S., is announcing the establishment of a vice chairman role on its board of directors and appointing current board member Joseph S. Clabby to the new role.

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of the grouped subsidiaries of Chubb Limited (Chubb) (Zurich, Switzerland) [NYSE: CB]. These include Chubb’s rated U.S., Canada, Bermuda, Europe and Panama-based insurance and reinsurance subsidiaries (collectively Chubb Group of Insurance Companies, or Chubb Group). Concurrently, AM Best has affirmed the Long-Term ICRs of “a+” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IR) of Chubb Limited and Chubb INA Holdings LLC (Delaware). In addition, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of “aa-” (Superior) of Combined Insurance Company of America (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-” (Excellent) of ACE Life Insurance Company (ACE Life) (Stamford, CT). At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Chubb Life Insurance New Zealand Limited (Chubb Life NZ) (New Zealand). The outlook of these Credit Ratings (ratings) is stable. (Please see the link below for a detailed listing of the companies and ratings.)

Chubb Limited (NYSECB) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 2.47% on the day to $213.7.

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AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a+” (Excellent) to Chubb INA Holdings LLC’s (Chubb) (Delaware) recently announced USD 700 million issuance of 4.65% senior unsecured notes due 2029. The outlook assigned to this Credit Rating (rating) is stable. Additionally, AM Best has affirmed the Long-Term IR of “a+” (Excellent) on Chubb’s USD 1.0 billion, 5% senior unsecured notes issued March 5, 2024, due 2034, with an additional offering made today in the amount of USD 600 million. The notes are guaranteed by Chubb Limited (headquartered in Zurich, Switzerland) [NYSE: CB]. The outlook of this Credit Rating (rating) is stable.

On Wednesday, regulatory filings revealed that Berkshire Hathaway had quietly amassed a substantial $6.7 billion position in Chubb (NYSECB)

Awale Resources Ltd (TSX-V:ARIC) CEO Andrew Chubb joins Proactive's Stephen Gunnion with an update on the drilling programme at the Odienné project in Côte d'Ivoire, highlighting a particularly remarkable drill hole at the Charger target as "nothing short of spectacular."

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AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of the subsidiaries of Chubb Limited (Zurich, Switzerland) [NYSE: CB], which includes the members of the Chubb US Group of Insurance Companies (Chubb US Group), as well as Chubb Bermuda Insurance Ltd. (Chubb Bermuda) (Bermuda) and Chubb Tempest Reinsurance Ltd. (Chubb Tempest Re) (Bermuda) and their members. In addition, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of “aa-” (Superior) of Combined Insurance Company of America (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-” (Excellent) of ACE Life Insurance Company (ACE Life) (Stamford, CT). Concurrently AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Chubb Life Insurance New Zealand Limited (Chubb Life NZ) (New Zealand). Lastly, AM Best has affirmed the Long-Term ICRs of “a+” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IR) of Chubb Limited and Chubb INA Holdings Inc. The outlook of these Credit Ratings (ratings) is stable. (Please see the link below for a detailed listing of the companies and ratings.)

Small Commercial Insurance - Comprehensive Study by Type (Business Liability Insurance, Commercial Property Insurance, Business owners Policy, Cyber Liability Insurance, Workers’ Compensation Insurance, Equipment Breakdown Insurance, Commercial Property Insurance, Others), Application (Small Scale Service and Business, Export-Oriented Business, Shop owners, Others), Sales Channel (Online, Offline) Players and Region - Global Market Outlook to 2027

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