Chubb Taps IBM for IT Integration, Infrastructure Consolidation

ARMONK, N.Y., Feb. 23 -- IBM issued the following news release:

IBM (NYSE: IBM) today announced a new multi-year services agreement with Chubb, the world's largest publicly traded property and casualty insurance company, to consolidate and integrate the company's IT infrastructure following ACE Limited's January 2016 acquisition of The Chubb Corporation.

Chubb's goals for its IT infrastructure include enhancing productivity and adopting a more agile environment securely designed to further enhance the user experience, deploy services to its customers faster, increase speed to market, and achieve greater overall cost efficiency.

Key aspects of this agreement include IBM Cloud offerings for the z Systems mainframe and development and test environments, as well as cloud storage to archive critical data long term. The work IBM will perform for Chubb includes IBM Security Services.

"One of the attributes that defines Chubb is the exceptional service it delivers to clients and distribution partners," said Kevin Shearan, VP and Group CIO of Chubb. "We're committed to an IT environment that will enable us to adapt quickly to market changes and deliver an as-a-service model that will enable us to continue provide clients with the services they deserve."

This agreement reinforces IBM Cloud's ability to integrate and consolidate various environments and accommodate the complex nature of a major merger. IBM Cloud provides clients with the opportunity to adjust to faster industry cycles without increased IT investment.

"This agreement demonstrates how global organizations are utilizing hybrid cloud environments to quickly integrate business-critical data and applications to achieve their business objectives," said Philip Guido, General Manager, IBM Global Technology Services, North America. "Today, companies are looking for technology partners that understand the dynamics of their respective businesses and help them deliver innovations and business outcomes that have a positive impact on their business performance."

For more information on IBM Cloud, visit www.ibm.com/cloud-computing/.

About IBM Global Technology Services

IBM Global Technology Services offers end-to-end IT consulting and business services supported by an unparalleled global delivery network that is transforming its business to lead in an era of Cognitive and Cloud. As a cloud services integrator, GTS is managing the services and underlying infrastructure in an integrated and unified way. It is modernizing clients' IT environments to help them meet the increasingly complex customer demands. GTS provides clients with innovative technology solutions that help them to improve their business processes and in turn, profitability.

About Chubb

Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: www.chubb.com.

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