Fitch affirms Chubb

Fitch Ratings said it affirmed Chubb Corp.'s long-term issuer default rating at AA-, senior notes at A+, junior subordinated debentures at A and commercial paper at F1+.

The outlook is stable.

The agency said the ratings continue to reflect Chubb's market position as a leading property/casualty insurer in its commercial and personal lines business segments, history of favorable underwriting performance, strong capital and liquidity position at both the insurance subsidiary and parent holding company levels and conservative investment portfolio.

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