AL KHOBAR, Saudi Arabia, June 1, 2018 /PRNewswire/ — Moody’s Investors Service has announced that it has assigned an A3 insurance financial strength rating (IFSR) to Chubb Arabia Cooperative Insurance Company.
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.
Abdul Aziz Al Khereiji, Managing Director, Chubb Arabia Cooperative Insurance Company, said:
“I am delighted and very proud that Moody’s has assigned an A3 insurance financial strength rating to Chubb Arabia. This is a significant achievement for the company and is reflective of the hard work by our team as we further develop our business in the Kingdom.”
Note for Editors
Details of the Moody’s announcement can be found here
Ab out 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.