The Chubb Rule of Law Fund was founded and is operated by the lawyers of Chubb. The Fund provides funding for projects that primarily focus on:
The Chubb Rule of Law Fund is supported by voluntary contributions of Chubb lawyers and compliance professionals worldwide; the company and its charitable foundation; and by Chubb’s partner law firms. This partnership allows the Fund to pool its resources and make a real difference to organizations around the world advocating for the rule of law.
The Fund is particularly grateful for the support of its partner law firms that funded projects included in the 2016 annual report: Clyde & Co., Cozen O’Connor, Crowell & Moring, Debevoise & Plimpton, Duane Morris, Mayer Brown, and O’Melveny & Myers. These distinguished firms share with Chubb a vision of collaboration between in-house and outside counsel to advance the historic mission of the legal profession.
Business Case for Rule of Law
For Chubb, the business case for its rule of law fund is clear. As the world’s largest publicly traded property and casualty insurer, Chubb, through its affiliated companies, enters into important contractual commitments every business day in 54 countries and territories around the world. The reliability of those commitments depends upon the maintenance of strong legal systems marked by impartiality, efficiency, equal access and enforceability.
In recent years, the UN Global Compact – the largest corporate sustainability project in the world – has been actively seeking businesses engaging in rule of law efforts. The UN Global Compact developed the Business for the Rule of Law Framework, which highlights initiatives that companies have undertaken to support the rule of law.
As part of this initiative, the UN conducted research on companies engaged in rule of law efforts and identified Chubb’s Rule of Law Fund as unique amongst them. In its Business for the Rule of Law Framework, Chubb was showcased as a model for other global companies. Chubb joined the UN Global Compact in 2017, further committing to maintain its 10 principles as part of the company’s culture and day-to-day operations.
Chubb Rule of Law Fund Impact: Projects We Have Funded
In 2015 and 2016, the Chubb Rule of Law Fund supported projects in Africa, Latin America, the Middle East and the U.S. focused on helping incarcerated youths, the poor, victims of violent political conflicts and refugees, and combating transnational organized crime and corruption within the legal profession. Recent projects include:
Chubb Rule of Law Fellowship
In addition to the Fund, the company, through its charitable foundation, supports the Chubb Rule of Law Fellowship. Established in 2012 in partnership with the University of Pennsylvania Law School, the fellowship creates new pathways for students to build careers in international rule of law and human rights. Exclusively for Penn Law graduates, the fellowship allows a recent graduate to gain valuable experience at a globally recognized advocacy organization, launching his or her career in the field of rule of law and human rights. Rangita de Silva de Alwis, Penn Law’s Associate Dean of International Affairs, said, “The Chubb Rule of Law Fellowship is the law school’s most distinguished fellowship and has had profound transformative impact on Penn Law and the world. The Chubb Fellow is an outstanding scholar/practitioner who works in the front line of some of the urgent rule of law issues of our time.”