On January 14,2016, ACE announced its acquisition of Chubb, adopting the Chubb name globally. Chubb is the world’s largest publicly traded property and casualty insurance company and operates in 54 countries. In Vietnam, Chubb announced the official name change of its life insurance subsidiary in Vietnam from ACE Life to Chubb Life.Chubb Life in Vietnam offers a comprehensive array of quality life-insurance products to meet the financial-protection and security needs of a broad range of customers.Pioneered the introduction of the Universal Life plan in the Vietname market in March 2006. This diverse range of Universal Life products enables individuals and groups up to the age of 80 years to select plans to suit their financial needs. Chubb Life distributes its products mainly through its professional and ever-growing 16,000 strong agency force, as well as through select banks.