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Chubb Joins Renewable Energy and Green Building Groups
WARREN, NJ, January 31, 2008 - The Chubb Group of Insurance Companies has joined the American Council On Renewable Energy and the U.S. Green Building Council in an effort to better serve the needs of its commercial customers and support the development of the alternative energy marketplace. Peter Thompson, vice president, Chubb & Son, and worldwide energy manager for Chubb Commercial Insurance, said Chubb became a member of these organizations because they represent the types of businesses that Chubb serves. "Chubb remains committed to its customer-focused approach to doing business, and membership in ACORE and USGBC will help us to become even more involved in the alternative- and green-energy marketplace," he said. Chubb recently formed a green energy team, made up of experienced underwriters and loss control specialists, in response to the accelerating development of environmentally friendly energies, products and technologies. The team will further develop core commercial insurance products and services geared toward customers that operate within this sector. The team will build on Chubb's long history of expertise in and commitment to the renewable and green energy market. For the past 20 years, Chubb has been insuring and assessing risks for renewable energy producers and distributors, including wind turbines, ethanol and biodiesel plants, solar energy systems, hydroelectric power generators and other renewable energy operations. The American Council On Renewable Energy is a non-profit organization that works to bring all forms of renewable energy into the mainstream of America's economy and lifestyle. The U.S. Green Building Council is a non-profit organization committed to expanding sustainable building practices. The USGBC mission is to transform the way buildings and communities are designed, built and operated, enabling an environmentally and socially responsible, healthy, and prosperous environment that improves the quality of life. The member insurers of the Chubb Group of Insurance Companies form a multi-billion dollar organization providing property and casualty insurance for personal and commercial customers worldwide through 8,500 independent agents and brokers. Chubb's global network includes branches and affiliates in North America, Europe, Latin America, Asia and Australia.