AL KHOBAR, Saudi Arabia,
July 16, 2019 /PRNewswire/
-- Moody's Investors Service has published its updated credit
opinion for Chubb Arabia Cooperative Insurance Company which
maintains its A3 insurance financial strength rating (IFSR) with
Stable Outlook.
Based in Al Khobar, Saudi
Arabia, Chubb Arabia is a
large capacity multiline commercial property and casualty insurer
which also provides personal accident and group life insurance to a
diverse group of clients.
Abdulaziz El Khereiji, Managing Director, Chubb Arabia
Cooperative Insurance Company, said:
"I am delighted that Moody's has maintained an A3 IFSR for
Chubb Arabia. This is another
important moment for the company in the Kingdom as we continue to
work hard to develop our business here."
About Chubb
Chubb is the world's largest publicly traded property and
casualty insurance company. With operations in 54 countries and
territories, Chubb provides commercial and personal property and
casualty insurance, personal accident and supplemental health
insurance, reinsurance and life insurance to a diverse group of
clients. As an underwriting company, we assess, assume and manage
risk with insight and discipline. We service and pay our claims
fairly and promptly. The company is also defined by its extensive
product and service offerings, broad distribution capabilities,
exceptional financial strength and local operations globally.
Parent company Chubb Limited is listed on the New York Stock
Exchange (NYSE: CB) and is a component of the S&P 500 index.
Chubb maintains executive offices in Zurich, New
York, London and other
locations, and employs approximately 31,000 people worldwide.
Chubb Arabia Cooperative Insurance Company is a partially-owned
affiliate of Chubb Group.
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