On April 8, 2019, Chubb announced that the Myanmar Ministry of Planning and Finance selected it for a License to Operate Wholly Owned Life Insurance Business in Myanmar.
Chubb Life is the international life insurance division of Chubb. The company is the world’s largest publicly traded property and casualty insurance company and the largest commercial insurer in the U.S. With operations in 54 countries and territories, Chubb serves multinational corporations, mid-size and small businesses with its services; affluent and high net worth individuals with substantial assets to protect; individuals purchasing life, personal accident, supplemental health, homeowners, automobile and specialty personal insurance coverage; companies and affinity groups providing or offering accident and health insurance programs and life insurance to their employees or members; and insurers managing exposures with reinsurance coverage.
Chubb has more than $167 billion in assets and $38 billion of gross premiums written in 2018. Chubb Limited, the parent company of Chubb, 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, Paris and other locations, and employs more than 30,000 people worldwide.