Chubb's oldest active subsidiary honored with historical marker

Chubb, in collaboration with the Pennsylvania Historical and Museum Commission (PHMC), today dedicated a Pennsylvania historical marker to the Insurance Company of North America (INA), Chubb's oldest subsidiary company.

The marker was unveiled during a ceremony at Chubb's office, 436 Walnut Street, Philadelphia, and commemorates INA's 225-year history.

"This milestone is important to the Philadelphia region, as it underscores the caliber of our businesses and output from our area. It also serves as recognition of INA's positive influence on the community, and across the nation, and even stretching into the international marketplace," said Councilman Mark Squilla, District One, Philadelphia, during the dedication ceremony.

Once the center of U.S. insurance industry

INA has operated in the Philadelphia area uninterrupted since 1792, and served as a cornerstone of Philadelphia's "Insurance Row" (Walnut Street between 2nd and 6th Streets), which was once the acknowledged center of the U.S. insurance industry. INA has been a subsidiary of Chubb (formerly ACE Group) since 1999.

INA has a storied history in the North American insurance industry; some firsts include introducing the first:

--stock insurance organization in the United States;

--fire insurance company to insure contents of a building from fire; and,

-- insurance company to appoint a network of agents to represent it on the U.S. frontier.

Chubb's heritage & legacy

"Today is a very special milestone for our company, and we're proud of our company's heritage and legacy here in Philadelphia," said Robert Poliseno, Mid-Atlantic Regional Executive Officer, Chubb. "Additionally, Philadelphia continues to be a vibrant insurance marketplace and an important hub for our North American operations. As a global insurer, we operate locally to serve our distribution partners and customers."

The ceremony coincided with the 2017 Risk Management Society (RIMS) annual conference, the insurance industry's premier gathering to discuss influential themes and trends affecting the industry. The RIMS conference was held at the Philadelphia Convention Center.