Former Chubb Vice Chairman Percy Chubb, III Dies At 81

(RTTNews) - Chubb Corp. announced the passing of Percy Chubb, III, former Vice Chairman of the company. He was 81.

Mr. Chubb was the great-grandson of Thomas Caldecot Chubb and grandson of Hendon Chubb, who founded Chubb & Son in 1882. After graduating from Yale and serving two years in the Army, Pi Chubb joined the firm in 1958 as a trainee in the New York office. At that time, Chubb & Son had 17 offices and $67 million in written premium.

Over the years, Mr. Chubb served as president of the Victoria Foundation, trustee of the Mystic Seaport Museum and director of Safeway Stores and First Fidelity Bank. He is survived by his wife, the former Sally Gilady, and their children and grandchildren.

After Mr. Chubb retired as an officer of the company in 1997, he long maintained an office at Chubb's Warren, N.J. headquarters, where he served as a beloved and respected friend and mentor to hundreds of Chubb employees.