In 2015, ACE signed a significant deal to acquire Chubb for 29.5 billion USD, creating the world’s largest publicly traded property and casualty insurance company. Acquisition process in Turkey was finalized as of June 2017.

Emre Buğday, Country President of Chubb Turkey, stated: “We are extremely happy to launch our new brand in Turkey. We are the global leader of property and casualty insurance with our international insurance network, widespread distribution channels, wide range of products, and our ability to serve both corporate and retail customers. We utilize the opportunities for profitable growth in emerging and developed markets around the world. In addition to being an expert on risk evaluation, what makes Chubb differ from our peers is the fact that we can provide high-capacity insurance coverage for industrial and special risks, offer rapid solutions for our customers in claims management and payouts, and maintain a constantly improving infrastructure.”

Three Basic Principles: Excellence, Quality and Service

Buğday continued his statement as follows: “Chubb is known for its three basic principles. Excellent risk assessment, excellent service and excellent practice. Combining these three main principles, Chubb has reached a vast experience and expertise in providing the excellent insurance services. A good insurance service can be provided through the efforts and competence of employees. Therefore, at Chubb, we design and realize the best coverages for our customers with our expert and competent staff and provide them with the service they deserve.”    

He added; “Chubb is a brand that has a rooted history of 130 years. It represents excellence, quality and service. Right after the acquisition announcement in 1 July 2015, integration between ACE and Chubb was initiated. Through the new brand, investments in company staff, technology, products and distribution channels increased. In Turkey, which has started to become a base for insurance market, we reached a premium volume of 120 million TL during 2016. Chubb will continue to invest in both its employees and customers.”

Zeynep Özek, Assistant General Manager at Chubb Turkey, said. “We have a team of 40 people in Turkey who are supported by our solution partners in Turkey, our London office and Eurasian regional teams. We aim to close the year 2017 with a satisfactory growth rate and strengthen our position in the market. We focus on Chubb’s globally distinguished products, and adopt them according to the requirements of our customers in Turkey. We believe that we will create a significant difference in the property and casualty line of Turkish insurance market.”