The origins of the Chubb Corporation date back to 1882 when Thomas Caldecot Chubb and his son Percy opened their marine underwriting business in the seaport district of New York City. Having collected $1,000 from each of 100 prominent merchants to start their venture, they focused initially on insuring ships and cargoes.
The Chubbs were adept at turning risk into success, often by helping their policyholders prevent disasters before they occurred. By the turn of the century, Chubb had established strong relationships with the insurance agents and brokers who placed their clients' business with Chubb underwriters.
Chubb & Son did not value size in itself but regarded it as a measure of what had been achieved. Upon the Company's 75th anniversary in 1957, Hendon Chubb — who had joined his older brother Percy in the firm in 1895 — noted, "I think there is perhaps a tendency in American business to overemphasize mere size, whereas to me it should be a by-product of a job well done."
The Chubb Corporation
*****
Mr. Hendon Chubb was a major force in the development of marine insurance as it moved into a position of importance in the world insurance markets. The founder of Chubb Insurance Company, he gave leadership to his firm in the period when it introduced the first burglary, registered mail, and jeweler block policies in the United States.
A strong believer in cooperation among insurers, he gave substantial backing to the development of such institutions as the American Institute of Marine Underwriters and the Board of Underwriters of New York.
He served his government during World War I as a Director of War Risk Insurance, Insurance Advisor to the United States Shipping Board, and Insurance Advisor to the American Red Cross. Throughout his career, his advice was sought by the public and private sectors of society on a wide range of insurance issues.
His interests ranged beyond insurance to embrace medical education, problems associated with disease, and educational opportunities for pre-school and primary school children. He developed the means whereby the academic community was brought into closer contact with the problems of government.
Insurance Hall of Fame
The Chubbs were adept at turning risk into success, often by helping their policyholders prevent disasters before they occurred. By the turn of the century, Chubb had established strong relationships with the insurance agents and brokers who placed their clients' business with Chubb underwriters.
Chubb & Son did not value size in itself but regarded it as a measure of what had been achieved. Upon the Company's 75th anniversary in 1957, Hendon Chubb — who had joined his older brother Percy in the firm in 1895 — noted, "I think there is perhaps a tendency in American business to overemphasize mere size, whereas to me it should be a by-product of a job well done."
The Chubb Corporation
*****
Mr. Hendon Chubb was a major force in the development of marine insurance as it moved into a position of importance in the world insurance markets. The founder of Chubb Insurance Company, he gave leadership to his firm in the period when it introduced the first burglary, registered mail, and jeweler block policies in the United States.
A strong believer in cooperation among insurers, he gave substantial backing to the development of such institutions as the American Institute of Marine Underwriters and the Board of Underwriters of New York.
He served his government during World War I as a Director of War Risk Insurance, Insurance Advisor to the United States Shipping Board, and Insurance Advisor to the American Red Cross. Throughout his career, his advice was sought by the public and private sectors of society on a wide range of insurance issues.
His interests ranged beyond insurance to embrace medical education, problems associated with disease, and educational opportunities for pre-school and primary school children. He developed the means whereby the academic community was brought into closer contact with the problems of government.
Insurance Hall of Fame
The origins of the Chubb Corporation date back to 1882 when Thomas Caldecot Chubb and his son Percy opened their marine underwriting business in the seaport district of New York City. Having collected $1,000 from each of 100 prominent merchants to start their venture, they focused initially on insuring ships and cargoes.
The Chubbs were adept at turning risk into success, often by helping their policyholders prevent disasters before they occurred. By the turn of the century, Chubb had established strong relationships with the insurance agents and brokers who placed their clients' business with Chubb underwriters.
Chubb & Son did not value size in itself but regarded it as a measure of what had been achieved. Upon the Company's 75th anniversary in 1957, Hendon Chubb — who had joined his older brother Percy in the firm in 1895 — noted, "I think there is perhaps a tendency in American business to overemphasize mere size, whereas to me it should be a by-product of a job well done."
The Chubb Corporation
*****
Mr. Hendon Chubb was a major force in the development of marine insurance as it moved into a position of importance in the world insurance markets. The founder of Chubb Insurance Company, he gave leadership to his firm in the period when it introduced the first burglary, registered mail, and jeweler block policies in the United States.
A strong believer in cooperation among insurers, he gave substantial backing to the development of such institutions as the American Institute of Marine Underwriters and the Board of Underwriters of New York.
He served his government during World War I as a Director of War Risk Insurance, Insurance Advisor to the United States Shipping Board, and Insurance Advisor to the American Red Cross. Throughout his career, his advice was sought by the public and private sectors of society on a wide range of insurance issues.
His interests ranged beyond insurance to embrace medical education, problems associated with disease, and educational opportunities for pre-school and primary school children. He developed the means whereby the academic community was brought into closer contact with the problems of government.
Insurance Hall of Fame
The Chubbs were adept at turning risk into success, often by helping their policyholders prevent disasters before they occurred. By the turn of the century, Chubb had established strong relationships with the insurance agents and brokers who placed their clients' business with Chubb underwriters.
Chubb & Son did not value size in itself but regarded it as a measure of what had been achieved. Upon the Company's 75th anniversary in 1957, Hendon Chubb — who had joined his older brother Percy in the firm in 1895 — noted, "I think there is perhaps a tendency in American business to overemphasize mere size, whereas to me it should be a by-product of a job well done."
The Chubb Corporation
*****
Mr. Hendon Chubb was a major force in the development of marine insurance as it moved into a position of importance in the world insurance markets. The founder of Chubb Insurance Company, he gave leadership to his firm in the period when it introduced the first burglary, registered mail, and jeweler block policies in the United States.
A strong believer in cooperation among insurers, he gave substantial backing to the development of such institutions as the American Institute of Marine Underwriters and the Board of Underwriters of New York.
He served his government during World War I as a Director of War Risk Insurance, Insurance Advisor to the United States Shipping Board, and Insurance Advisor to the American Red Cross. Throughout his career, his advice was sought by the public and private sectors of society on a wide range of insurance issues.
His interests ranged beyond insurance to embrace medical education, problems associated with disease, and educational opportunities for pre-school and primary school children. He developed the means whereby the academic community was brought into closer contact with the problems of government.
Insurance Hall of Fame
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