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Chubb’s culture is defined by who we are, the behaviors we expect of each other, and what we reward and recognize.
Chubb Group Executives
Chubb has operations in 54 countries and territories and can help clients manage their risks anywhere in the world.
The company took its present form in 2016 when ACE Limited acquired the Chubb Corporation, creating a world leader in insurance.
Chubb Climate+ draws on our extensive technical capabilities in underwriting and risk engineering, bringing together Chubb units engaged in Renewables, Alternative Fuels, Climate Tech, and Risk Engineering services.
At Chubb, we recognize our responsibility to provide solutions that help clients manage environmental risks, to reduce our own environmental impact and to make meaningful contributions to environmental causes.
Chubb has developed a series of accelerator programs around the world designed for women at all stages of their career.
The path towards racial justice and equity is both an individual journey and collective duty.
Building and advancing a fair, equitable and inclusive workplace is a journey that requires commitment and action.
Guided by steady leadership and a commitment to the highest levels of personal and professional integrity.
Understanding long-term vulnerabilities
The challenge
A midstream company with assets involved in the processing, transportation, and storage of natural gas, liquids, and crude oil was concerned about the impact of increasing extreme weather events on its key facilities. This firm was committed to protecting its investments in the long term but wasn’t sure where to start.
How Chubb helped
Chubb worked with the company to determine the most highly valued and critical facilities within their portfolio and correlated those locations with the highest risk profile to long-term climate change, according to both historical data and state-of-the-art climate change modeling tools.
Chubb recommended the following steps the company could take to mitigate its physical risks from climate change:
- Upgrading infrastructure to improve the resilience of facilities to flooding, hurricanes, and other extreme weather events
- Implementing fire prevention and safety measures to reduce the risk of drought and wildfires
- Enhancing lightning protection systems to minimize damage from strikes as the result of increased (convective) storm activity
- Winterizing some facilities and installing robust backup power supplies to protect equipment from extreme cold
- Reviewing and updating emergency response plans to ensure readiness for extreme weather events
Easing the mind of CEOs
CEOs can hear the clock ticking on climate change risks. According to PricewaterhouseCooper’s 2023 CEO report, about half of CEOs globally expect some impact in the next 12 months on their cost profile, 42% on their supply chains, and 24% on their physical assets. Chubb’s expertise and sophisticated risk assessment tools can help companies protect their assets and operations in the face of a changing climate.