About Chubb in New Zealand

Introduction

Chubb General Insurance

Chubb’s general insurance operation in New Zealand (Chubb Insurance New Zealand Limited) offers Property & Casualty, Group Personal Accident and Business Travel Insurance products through brokers. It leverages global expertise and local acumen to tailor solutions to mitigate risks for clients ranging from large multinational companies to local small to medium enterprises. Chubb also provides personal insurance solutions such as Masterpiece, a unique policy for people who own prestigious homes and valuable possessions.

Chubb Insurance New Zealand Limited (Company No. 104656 / Financial Services Provider No. 35924).

Our Solvency Margins

Solvency Information

Chubb Insurance New Zealand Limited’s solvency information for the period ending 31 December 2024 is shown below. The Solvency Capital as at 31 December 2024 exceeds the minimum requirements by $39,690,000.

31 December 2024	Entire Insurer ($000)
Solvency Capital	$87,299
Adjusted prescribed capital requirement	$47,609
Adjusted solvency margin	$39,690
Adjusted solvency ratio (%)	183%

The methodology and basis for determining the adjusted solvency margin are in accordance with the requirements of the Interim Solvency Standard 2023.

Our Financial Rating

Financial Strength Rating Information

Chubb Insurance New Zealand Limited has an “AA-” insurer financial strength rating given by S&P Global Ratings.

The rating scale is:

30 October 2024

AAA - Extremely Strong

AA - Very Strong

A - Strong

BBB - Good

BB - Marginal

B - Weak

CCC - Very Weak

CC - Extremely Weak

SD or D – selective default or default

R - Regulatory Action

NR – Not Rated

Plus (+) or minus (-): the rating from ‘AA’ to ‘CCC’ may be modified by the addition of a plus or minus sign to show relative standings within the major rating categories.

A full description of the rating scale is available on S&P Global Ratings website.