Chubb has started operating as a single insurance company in Australia following the merger with Ace.

Ace acquired Chubb at the start of the year but decided to operate under the Chubb name.

Last Tuesday the Australian insurance business of Chubb Insurance Company of Australia was transferred to Ace Insurance.

At the same time, Ace changed its name to Chubb Insurance Australia.

Chubb Country President for Australia and New Zealand John French says the developments mark an important milestone.

“The name of the legal entity is new, but the long-term strategy stays the same: we are focused on our customers and crafting products and solutions distributed through various channels to meet their needs, while continuing to improve our service capabilities.”