Percy Chubb III, former vice chairman of Warren, N.J.-based Chubb Corp. has died at 81, the company announced today.
Known to generations of employees, friends and industry colleagues as Pi, Chubb was the great-grandson of Thomas Caldecot Chubb and grandson of Hendon Chubb, who founded Chubb & Son in 1882. After graduating from Yale and serving two years in the Army, Pi Chubb joined the firm in 1958 as a trainee in the New York office. At that time, Chubb & Son had 17 offices and $67 million in written premium.
"As the fourth generation to work in the company started by his great grandfather and great uncle, Pi Chubb exemplified the principles that defined the great company he helped to build and lead over many years," said Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb. "Our thoughts go out to his family and friends, as well as to all the Chubb employees and industry colleagues with whom he worked."
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