Chubb Receives Corporate Diversity Award From International Institute of New Jersey

WARREN, NJ, June 17, 2004 -- The Chubb Group of Insurance Companies was named the first recipient of the Corporate Diversity Award by the International Institute of New Jersey at its American Dream Gala Celebration at the Marriott Glenpointe in Teaneck, NJ. The award was presented to Chubb in recognition of its commitment to recruiting and promoting individuals from many different ethnic and socioeconomic groups.

"It is only fitting that we celebrate those who have helped enrich our state and our nation, as well as those who work to keep our country open to new ideas, new cultures and the newest Americans," said the institute’s president, Nicholas Montalto. "As a New Jersey-based company that has embraced and demonstrated its support of creating a corporate culture of inclusion, we are pleased to present Chubb with the inaugural Corporate Diversity Award."

Chubb’s commitment to diversity is reflected in several ways throughout the organization, said Regina Blair, Chubb’s diversity manager. Chubb employees can belong to several different employee resource groups, which are strongly supported by the company’s senior management. At the branch level, there are various diversity programs, including initiatives aimed at recruiting and retaining a diverse staff.

"Our people define Chubb and differentiate the Chubb brand from other insurance companies," Blair said. "A diverse workforce, supported by an environment that brings out the best in people, enables Chubb to retain its position as the market of choice for our agents, brokers and customers. Our people contribute their diverse backgrounds and skills to building a greater understanding of our markets and customers around the world."

Chubb repeatedly has been named one of the top companies for diversity. During each of the last three years, DiversityInc magazine named Chubb to its list of the "Top 50 Companies for Diversity" in the United States. The magazine noted some of Chubb’s diversity strengths, including a high percentage of women in management positions, mentoring programs, succession planning, recruitment of gay and lesbian employees, domestic-partner benefits, and diversity-driven employee resource groups. Earlier this year, Chubb scored a 100 on the Human Rights Campaign Corporate Equality Index. This is the highest rating on the HRC’s index, which ranks large American businesses on how they treat gay, lesbian, bisexual and transgender employees, consumers and investors.

Founded in 1918, the International Institute of New Jersey is committed to helping people in transition from one society to another and to preserving America’s diverse cultural heritage. For more information, visit http://www.iinj.org/.

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 8,000 independent agents and brokers. Chubb's global network includes branches and affiliates throughout North America, Europe, Latin America, Asia and Australia.