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.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
