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15 Mountain View Road

Warren, New Jersey 07059

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Undergrad Internships

No. of undergrad internships in:

2005: 41

2006: 65

2007: 22

2006 interns from the following classes:

5*% Freshman

10% Sophomores

35% Juniors

50% Seniors

0% Graduates

2006 interns from the following majors:

40*% Business

5% Computer Science

5% Economics

5% Engineering

25% Liberal Arts

15% Math

5% Science

0% Undeclared

10% Other

100% of internships paid

0% of internships unpaid

Is there an offical summer internship program? No

Average length of summer program: NA weeks

Minimum: NA weeks

Maximum: NA weeks

Average hourly wage: $NA

Are interns paid on lump sum basis? NA

Average total intern compensation: $NA

NA% of eligible 2006 interns received full-time job offers

NA% of interns with offers accepted

NOTE: Chubb has over 50 branch locations throughout the U.S. Finance, accounting, and actuarial trainees/interns work in New Jersey locations, while underwriting and claim trainees/interns work predominantly in larger branch offices. College major and grade level breakdowns for interns are approximations.

Applicants & New Hires

15* undergrad campuses where employer recruited 2006-07

NA* undergrad campuses where employer made job offers

Applicants for entry-level jobs

2005: 900*

2006: 1,400

2007: 300

Entry-level hires

2005: 294

2006: 458

2007: 103

Entry-level hires who were undergrad interns

2005: 30*%

2006: 30%

2007: 20%

Most important characteristics for new hires:

1-Analytical Skills

2-Communication Skills

3-Leadership Skills

Other

College GPA, willingness to relocate, knowledge of risk management

2006 new hires majored in:

40*% Business

5% Computer Science

5% Economics

5% Engineering

25% Liberal Arts

15% Math

5% Science

0% Undeclared

0% Other

...and are:

13% African American

6% Hispanic American

6% Asian American

0% Other

25*% Total minorities

64*% Female

NOTE: Recruiting, application, and entry-level hiring data represent are approximations. Over the past six years, Chubb has hired on average 185 claim & underwriting trainees, 4 actuarial trainees, 2 accounting trainees, and 2 finance trainees annually.

Chubb receives applications, and hires students, from approximately 30 undergraduate campuses.

NOTE:

Salary & Benefits

Entry-level hires since Jan. 1

Average base salary: $45,000 to $49,999

9% earn less than $35,000

16% earn $35,000 to $39,999

15% earn $40,000 to $44,999

28% earn $45,000 to $49,999

14% earn $50,000 to $54,999

5% earn $55,000 to $59,999

6% earn $60,000 to $64,999

7% earn $65,000 to $69,999

0% earn $70,000 and above

Bonuses, Overtime & Perks

10% received signing bonuses

Average signing bonus: $2,520

56% received performance bonus first year on job

Average performance bonus, 2006: $2,059

56% of 2006 entry-level hires eligible for OT

44% of 2006 entry-level hires not eligible for OT

Reimburse employees for ed expenses?: Yes

Do employees become eligible immediately?: Yes

Maximum annual education reimbursement: $5,100*

Full grad school sponsorship for jr. level employees? Yes

Partial grad school sponsorship for jr. level employees? Yes

Time Off

Is there a Paid Time Off (PTO) Bank? Yes

If no, total paid vacation days:

During first year: NA

After 1 year: NA

After 3 years: NA

After 5 years: NA

After 10 years: NA

Total paid holidays: NA

Time off for religious observances: NA

If yes, max PTO days:

During first year: 17

After 1 year: 18

After 3 years: 18

After 5 years: 23

After 10 years: 23

Total days off for religious observances: NA

Is flex time available? Yes

Sick, personal days, first year: NA

Health Benefits

Do entry-level hires have access to health plan? Yes

Employees pay part of the cost? Yes

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? Yes

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? Yes

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? Yes

72 months to full vesting in 401(k)

Max. company match as a percentage of salary: 4%

Min. employee set-aside as a percentage of salary to receive max. co. match: 4%

If 401(k) match not calculated as percentage of salary, explain:

Are entry-level hires eligible for co-funded pension? Yes

Months to full vesting in co-funded pension: 60

Are entry-level hires eligible for profit-sharing program? Yes

Months to full vesting in profit-sharing program: 12

Maternity/Paternity Leave

Maximum Maternity Leave

NA* days during first year

NA* days after 1 year

NA* days after 3 years

NA* days after 5 years

Maximum Paternity Leave

0* days during first year

0* days after 1 year

0* days after 3 years

0* days after 5 years

Other Benefits

Does company match employee charitable gifts? Yes

Max. annual company match for employee charitable gifts: $25,000

Does company pay relocation expenses? Yes

Max. annual relocation expenses? $NA*

Employee Discounts

Car rentals*

Gym memberships

Cell phone/service

Insurance

Cultural events

NOTE: Chubb provides relocation assistance (amount dependent on position) for transferred employees and job search assistance for their spouses or partners.

Chubb's paid leave is based on company's disability management program. All new parents (including adoptive) are also eligible for 60 days intermittent unpaid time off.

Chubb provides tuition assistance for employees working toward department-sponsored industry certifications or other relevant courses. In addition, employees receive monetary awards for successful completion of department sponsored education such as the Claims Law Programs, Safety Professional Certification, and American Society of Appraisers Certification.

In addition to discounts shown, other Chubb benefits include a a one-time company car allowance of $1,950 (depending in job responsibilities) to assist in the purchase of a vehicle, and a commuter benefits plan that makes it possible for employees to save as much as 40% by paying their commuter costs through pre-tax payroll deductions. Also, Chubb’s Employee Referral Program provides a monetary incentive ($1,500 for any position) to Chubb employees for their active participation in attracting and hiring qualified, experienced candidates for professional and support positions. Approximately 30% of new hires come to Chubb through this program.

Work Environment

40 hours worked weekly by entry-level hires on average

Does average vary by business unit, department? No

Entry-level hire work locations...

10% in open work stations

85% in cubicles

0% in shared offices

0% in private offices

5% have no company-supplied work space

Does organization monitor e-mail?: No

Does organization monitor Web usage? No

Typical dress code

Business Casual

Casual Fridays

Formal/Business

Does organization sponsor employee volunteer opportunities? Yes

Does organization offer employee daycare? Not offered

Does organization have fitness facilities on site? Some locations*

NOTE: Several locations also have cafeterias, free coffee/pantry rooms, restaurants, dry cleaning, car detailing, passport photos, daily vendor sales, hair/nail salons, nursing facilities, banks/ATMs, and art galleries.

Training Programs

Does your organization have a formal orientation program? Yes*

If yes, how many days is it? 10

Orientation includes:

Computer Training

Guest Speakers

Diversity Exercises

Team Building Activities

Tour of Facilities

Corporate culture. In many locations, orientation may also includes a "buddy program".

$2,000* average spent on training, per new hire, in 2006

Is there a formal leadership program for entry-level hires of a year or less? Yes

Year One at Chubb

Do candidates apply directly? NA

If not, how is eligibility determined? Job title/responsibilities

When are new hires first eligible? Immediately

Is program rotational? No

If yes, number of locations or business units: NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: 16

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: 100%

After program, do employees offered permanent position receive raise? No

If yes, amount of typical raise: NA

Is there a formal leadership program for entry-level hires of a year or more? No

NA

Do candidates apply directly? NA

If not, how is eligibility determined?

NA

When are new hires first eligible? NA

Is program rotational? NA

If yes, number of locations or business units NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: NA

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: NA

After program, do employees offered permanent position receive raise? NA

If yes, amount of typical raise: NA

Does company have formal mentorship program? No

NA% of entry-level hires participate

5* days of additional training expected

NOTE: Learning opportunities to quickly orient new hires include general sales and marketing training; compliance/code of conduct; diversity seminars/ workshops; business skills; financial skills; and regulatory/ industry issues. Overall, Chubb spends $17-23 million a year on learning. There are over 10,000 courses available in Chubb's online learning network, 175 specifically designed to help new employees understand and learn Chubb's business. There are also leadership conferences and other development opportunities coordinated by employee resource groups which support the career growth of women, minorities, gay/lesbian/transgendered, Asian and Hispanic employees.

Getting Ahead

Three-year retention rate: 50%

Five-year retention rate: 70%

How are raises determined?

Performance

When are entry-level hires eligible for first raise? One-year anniversary

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion? Less than two years

Evaluations

Frequency of evaluations

Annually

Important qualities

1-Analytical Skills

2-Learning Ability

3-Profitability/Margin

Other-Varies with job description

Min. tenure in years required for job change: 1

Describe any rules that apply: Must meet or exceed performance expectations for their current role.

Long-Term Prospects

Does position of VP exist at this organization? Yes

If not, is there a comparable title? NA

No. of employees who hold VP or similar title: 535

No. of employees with VP or similar title with 20 years plus seniority: 265

Age of youngest employee with VP or similar title: 32

Seniority of youngest employee with VP or similar title in years: 2