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.”
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.