NEW YORK, Dec. 14, 2017 /PRNewswire/ -- Chubb today announced the company's Rule of Law Fund and Rule of Law Fellowship have been recognized by the Financial Times 2017 Innovative Lawyers Report and Awards, one of the top legal rankings in North America. Chubb's in-house legal team won the Innovation in the Rule of Law and Access to Justice Award for the Chubb Rule of Law Fund, the only corporate fund of its kind dedicated to supporting the rule of law globally. In addition, Chubb, the University of Pennsylvania Law School and the United Nations Development Programme were highly commended for the Chubb Rule of Law Fellowship, which places a Penn Law fellow annually within the UNDP's Rule of Law team at the United Nations.
The FT report and awards recognize North America-based lawyers and represents a unique analysis of the legal industry, assessing lawyers on their innovation both for clients and in their own businesses. Awards and rankings are based on independent and thorough research by the Financial Times and its research partner RSG Consulting, which for this year's awards conducted nearly 2,000 interviews with law firms, in-house legal teams and legal services organizations, checked client references, and collected assessments by market experts, all of which were then reviewed by a panel of judges that assessed the research and reached conclusions on shortlisted nominees and the ultimate winners of each award.
"We are excited and very pleased to be recognized for our efforts to strengthen the rule of law around the world," stated Joe Wayland, Executive Vice President and General Counsel, Chubb. "Chubb, like so many other companies, enters into important contractual commitments every day, and the reliability of those commitments depends upon the maintenance of strong legal systems marked by impartiality, efficiency, equal access and enforceability. In addition, all of our employees and customers benefit when the rule of law prevails where they live and work, assuring fairness in the administration of justice. There is much to do and we look forward to working with others to promote the rule of law everywhere."
Founded in 2008, the Chubb Rule of Law Fund, which is operated by Chubb's in-house lawyers, advances the rule of law by supporting organizations focused on building and strengthening legal institutions. The Fund is supported by contributions from Chubb employees, the Chubb Charitable Foundation and our partner law firms. The Chubb Rule of Law Fellowship was established in 2012 to create new avenues for graduating law students to build careers in international rule of law and human rights.
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.