2004-A PIVOTAL YEAR

Rough Notes, Mar 2004

Chubb establishes new marine operation

Chubb has established Chubb Marine Underwriters within its commercial insurance operations to provide marine products and services to the global insurance market.

Headquartered in New York City, the new unit will provide inland marine and ocean cargo products. It also will provide marine liability insurance in the United States through AXIOM Insurance Management, Ltd., a marine specialty underwriting facility with offices in Atlanta and Seattle. The Marine Services Unit also has been established to work in conjunction with Chubb Marine Underwriters. It combines marine loss control with claim and recovery specialists.

Rich Soja, CPCU, AMIM, ARe, senior vice president, Chubb & Son, is global manager of Chubb Marine Underwriters. Soja points out that Chubb has been providing marine insurance since 1882. "The formation of Chubb Marine Underwriters advances our marine underwriting and service capabilities, while allowing us to remain focused on local agents as well as specialized marine brokers." Agents and brokers will continue to access Chubb's marine products through its branch network in the United States and in nearly 30 other countries.