Subsidy Tracker Parent Company Summary
Parent Company Name:
Chubb Limited
Ownership Structure:
publicly traded (ticker symbol CB)
Headquartered in:
Switzerland
Major Industry:
financial services
Specific Industry:
insurance
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $43,232,584 | 5 |
| Federal (grants and allocated tax credits) | $0 | 0 |
| TOTAL | $43,232,584 | 5 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $10,000,000 | 1 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $209,842,951 | 1 |
| TOTAL | $219,842,951 | 2 |
Time Period for State and Local Awards:
Earliest year of data: 2000. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2009.
Time Period for Federal Awards:
FY2000 to the present
Notes:
Dollar totals do not include awards for which no subsidy value is disclosed.
Associated Names:
ACE AMERICAN INSURANCE; ACE INA HOLDING; CHUBB; COMBINED INSURANCE OF AMERICA; FEDERAL INSURANCE
Links:
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| New Jersey | $40,232,584 | 3 |
| Pennsylvania | $3,000,000 | 2 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
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| Company | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| The Chubb Corporation | New Jersey | state | 2010 | $28,956,550 | Tax credit/rebate | |
| ACE American Insurance Company | New Jersey | state | 2009 | $9,706,284 | grant | |
| Chubb Corporation, The | New Jersey | state | 2000 | $1,569,750 | grant | |
| ACE American Insurance Company | Pennsylvania | state | $1,500,000 | tax credit/rebate | ||
| Ace American Insurance Company | Pennsylvania | state | $1,500,000 | grant | ||
| ACE American Insurance Company | United States | federal | 2017 | $209,842,951 | federal insurance | |
| ACE INA Holdings | Pennsylvania | state | $10,000,000 | loan or bond financing | ||
| Combined Insurance Company of America | Illinois | state | 2010 | undisclosed | tax credit/rebate | |
| Federal Insurance Company | Maryland | state | 2010 | undisclosed | tax credit/rebate | |
| ACE AMERICAN INSURANCE COMPANY | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| Federal Insurance Company | Maryland | state | 2010 | undisclosed | tax credit/rebate | |
| ACE AMERICAN INSURANCE COMPANY | New Jersey | state | undisclosed | tax credit/rebate; property tax abatement | ||
| Chubb Insurance | Maryland | local | 2006 | undisclosed | grant | |
| Federal Insurance Company | Maryland | local | 2006 | undisclosed | enterprise zone |
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