Rating Review Form
000012-Chubb U.S. Group of Insurance Companies

Best's Credit Rating Effective Date
Best's Rating Review Date
December 17, 2020
July 23, 2021
Chubb U.S. Group of Insurance Companies
AMB #:000012
Ultimate Parent: AMB # 58303 - Chubb Limited
Best's Credit Ratings - for the Rating Unit Members
Financial Strength Rating
Issuer Credit Rating
(FSR)
(ICR)
A++
aa+
Superior
Superior
Outlook: Stable
Outlook: Stable
Action: Affirmed
Action: Affirmed
Rating Unit - Members
Chubb U.S. Group of Ins Cos | AMB #: 000012
AMB #
Rating Unit Members
AMB #
Rating Unit Members
000762
Penn Millers Insurance Company
001793
Indemnity Insurance Company of North America
001935
Agri General Insurance Company
001996
ACE Property and Casualty Insurance Company
002084
Federal Insurance Company
002085
Great Northern Insurance Company
002086
Vigilant Insurance Company
002109
ACE Fire Underwriters Insurance Company
002257
ACE American Insurance Company
002259
Insurance Company of North America
002262
Pacific Employers Insurance Company
002385
Pacific Indemnity Company
002670
Atlantic Employers Insurance Company
002713
Chubb Custom Insurance Company
003299
Chubb Insurance Company of New Jersey
003368
Westchester Fire Insurance Company
003510
Illinois Union Insurance Company
003566
Chubb Lloyds Insurance Company of Texas
003761
Executive Risk Indemnity Inc.
004333
Bankers Standard Insurance Company
004433
Westchester Surplus Lines Insurance Company
004854
ACE Insurance Company of the Midwest
010652
Chubb Insurance Company of Puerto Rico
011251
Executive Risk Specialty Insurance Company
011560
Chubb National Insurance Company
011578
Chubb Indemnity Insurance Company
085725
Chubb Insurance Company of Canada
086485
Chubb European Group SE
087730
Federal Insurance Company (Canada Branch)
090633
Insurance Company of North America (Taiwan Branch)
091291
ACE American Insurance Company (Bahrain Branch)
093151
Federal Insurance Company (Singapore Branch)
093314
ACE American Insurance Company Korea (Korea Branch)
Rating Review Summary:
as a result of the Best's Rating Review, AM Best's opinion of the Financial Strength Rating and Issuer Credit Rating remains unchanged from the prior rating event.
Balance Sheet Strength:
as a result of the Best's Rating Review, AM Best's opinion of the Balance Sheet Strength Assessment of Strongest remains unchanged.
Operating Performance:
as a result of the Best's Rating Review, AM Best's opinion of the Operating Performance Assessment of Very Strong remains unchanged.
Business Profile:
as a result of the Best's Rating Review, AM Best's opinion of the Business Profile Assessment of Favorable remains unchanged.
Enterprise Risk Management:
as a result of the Best's Rating Review, AM Best's opinion of the Enterprise Risk Management Assessment of Appropriate remains unchanged.
Copyright :
Copyright © 2021 by A.M. Best Company, Inc. and/or its affiliates (collectively, “AM Best”). All rights reserved. No part of this report or document may be distributed in any written, electronic, or other form or media, or stored in a database or retrieval system, without the prior written permission of AM BEST. For additional details, refer to our Terms of Use available at AM BEST’s website: http://www.ambest.com/terms.html. All information contained herein was obtained by AM BEST from sources believed by it to be accurate and reliable. Notwithstanding the foregoing, AM BEST does not make any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained herein, and all such information is provided on an “as is” and “as available” basis, without any warranties of any kind, either express or implied. Under no circumstances shall AM BEST have any liability to any person or entity for (a) any loss or damage of any kind, in whole or in part caused by, resulting from, or relating to, any error (negligent or otherwise) or other circumstance or contingency within or outside the control of AM BEST or any of its directors, officers, employees, or agents in connection with the procurement, collection, compilation, analysis, interpretation, communication, publication or delivery of any such information, or (b) any direct, indirect, special, consequential, compensatory, punitive or incidental damages whatsoever (including without limitation, personal injury, pain and suffering, emotional distress, loss of revenue, loss of present or prospective profits, loss of business or anticipated savings, or loss of goodwill) resulting from the use of, or inability to use, any such information, in each case, regardless of (i) whether AM BEST was advised in advance of the possibility of such damages, (ii) whether such damages were foreseeable, and (iii) the legal or equitable theory (contract, tort or otherwise) upon which the claim is based. The credit ratings, assessments, financial reporting analysis, projections, and other observations, if any, constituting part of the information contained herein are, and shall be construed solely as, statements of opinion and not statements of fact or recommendations to purchase, sell or hold any securities, insurance policies, contracts or any other financial obligations, nor does it address the suitability of any particular financial obligation for a specific purpose or purchaser. Credit risk is the risk that an entity may not meet its contractual, financial obligations as they come due. Credit ratings do not address any other risk, including but not limited to, liquidity risk, market value risk or price volatility of rated securities. NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH RATING OR OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY AM BEST IN ANY FORM OR MANNER WHATSOEVER. Each credit rating or other opinion must be weighed solely as one factor in any investment or purchasing decision made by or on behalf of any user of the information contained herein, and each such user will, with due care, make its own study and evaluation of each security or other financial obligation, and of each issuer and guarantor of, and each provider of credit support for, each security or other financial obligation that it may consider purchasing, holding or selling. For additional details on credit ratings, credit rating scales and usage and limitations of credit ratings, refer to the Guide to Best’s Credit Ratings available on the AM Best website: http://www.ambest.com/ratings/index.html.
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