Chubb has selected the French capital Paris as its preferred post-Brexit headquarters for its Continental European operations.
The move is subject to all the required regulatory and other governmental approvals.
Chubb will continue to have a substantial presence in London once the UK leaves the European Union (EU) as expected in March 2019.
The company said it will also have its offices and operations across the UK and EU.
Recently, Chubb has opened a new office in Reading, Berkshire to expand its local presence in the UK and Ireland to support brokers and their clients.
Chubb chairman and CEO Evan Greenberg said: "Locating our European Union headquarters in France post-Brexit is a clear choice for us. Paris is the principal office for our Continental European operations and we have a significant investment there in both financial and human resources, as well as a large portfolio of commercial and consumer insurance business throughout France.
“Our many years of experience in the French market and working closely with the French regulators gives us great confidence in making this decision and reinforces our commitment to our staff, clients and distribution partners in both France and across the Continent."
Chubb offers commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to its customers.
Operating in 54 countries, the company specializes in product and service offerings, broad distribution capabilities, exceptional financial strength and local operations.
With a workforce of 31000, the firm has executive offices in Zurich, New York, London and other regions across the globe.
Image: Chubb to establish EU headquarters in France if UK leaves EU. Photo: courtesy of Stuart Miles at FreeDigitalPhotos.net.