EXHIBIT 23.1

                        Consent of Independent Auditors
                        -------------------------------

      We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Form S-3, Registration No. 333-104310) and related
Prospectus of The Chubb Corporation, Chubb Capital Trust I, Chubb Capital Trust
II and Chubb Capital Trust III for the registration of $2,500,000,000 of debt
securities, junior subordinated deferrable interest debentures, common stock,
preferred stock, depositary shares, warrants, stock purchase contracts and stock
purchase units of The Chubb Corporation and preferred securities of Chubb
Capital Trust I, Chubb Capital Trust II and Chubb Capital Trust III guaranteed
by The Chubb Corporation and to the incorporation by reference therein of our
report dated February 28, 2003, with respect to the consolidated financial
statements and schedules of The Chubb Corporation included in its Annual Report
(Form 10-K) for the year ended December 31, 2002, filed with the Securities and
Exchange Commission.


                                                  /s/ ERNST & YOUNG LLP

         New York, New York
         June 13, 2003