Chubb SA rating is underpinned by a strong financial profile which reflects a high level of capital and liquidity strength and sound earnings. The insurer also benefits from implicit group support from its parent, Chubb INA International Holdings Limited, and the broader Chubb Limited group. These strengths are somewhat tempered by low market penetration and revenue scale in the insurer’s core operating jurisdiction (South Africa), high reliance on broker networks and limited, albeit developing, geographic footprint.
Chubb Insurance South Africa Limited which is incorporated in South Africa and is licenced to offer all classes of short term insurance products. The company is a wholly-owned subsidiary of Chubb INA International Holdings Limited (“CIIH”). CIIH is a subsidiary of Chubb INA Holdings Inc. (“CIH”). CIH is ultimately owned by Chubb Limited, which is listed on the New York Stock Exchange, and has operations across the globe.