Artemis ILS NYC 2020

Menu

Reinsurance News

Chubb

Chubb develops financial institution fidelity bond for asset managers

18th December 2019

Global re/insurer Chubb has introduced a new fidelity insurance solution to address the risks currently faced by asset managers. The Financial Institution Bond for Asset Managers provides coverage for a range of risks that can result in loss of customer capital. These risks often stem from fraudulent activities of employees, computer hacking ... Read the full article

Chubb voices approval for US-Mexico-Canada trade agreement

13th December 2019

Insurer and reinsurer Chubb has issued a statement of support for the United States-Mexico-Canada free trade agreement (USMCA), which it believes will provide many important protections for the financial services and re/insurance industries. In the US, House Democrats reached an agreement to advance the USMCA earlier this week, following months of ... Read the full article

Chubb makes $10mn equity investment in Africa’s ATI

10th December 2019

Insurer and reinsurer Chubb has made a $10 million equity investment in the African Trade Insurance Agency (ATI), making it the first global property and casualty (P&C) insurer to become a shareholder in the company. ATI is a multilateral political risk and credit insurer headquartered in Nairobi, Kenya. Established in 2001, ... Read the full article

Chubb bolsters North America Commercial Insurance Division

9th December 2019

Global re/insurer Chubb has made a series of leadership appointments to its North America commercial insurance division. Ben Rockwell has been named vice president of Chubb group and will serve as division president, Chubb middle market. He currently serves as executive vice president and Chief Underwriting Officer of North America commercial insurance. Concurrently, ... Read the full article

Chubb’s Louise Joyce named Head of Industry Practices, UK&I

5th December 2019

Louise Joyce, previously Life Sciences Manager for the UK & Ireland (UK&I) at Chubb, has been appointed as the firm's Head of Industry Practices for the UK&I, effective immediately. Joyce, who succeeds Karen Strong after her departure from the re/insurer, will continue to be based in Birmingham and report to Mark ... Read the full article

Chubb may look to acquisitions after €1.4bn senior notes offering

4th December 2019

Global insurance and reinsurance company Chubb Limited has announced the pricing of a €1.4 billion senior notes offering, the proceeds of which could be used to fund future acquisitions. The offering will consist of €700 million of 0.30% senior notes due 2024 and €700 million of 0.875% senior notes due 2029. The ... Read the full article

Chubb increases stake in Huatai Insurance Group to 46.2%

25th November 2019

Global insurer and reinsurer Chubb has reached an agreement to purchase an additional 15.3% stake in Huatai Insurance Group Company Limited, taking the firm's holding in the company to 46.2%. In March 2019, Chubb announced that it had increased its ownership in Huatai Insurance Group Company from 20% to 26.2%. Then, ... Read the full article

Chubb names Grant Cairns as Head of P&C for Asia Pacific

22nd November 2019

Global insurance and reinsurance company Chubb has announced the appointment of Grant Cairns as Head of Property & Casualty (P&C) for Asia Pacific. He will succeed Jason Keen, who has been appointed as Division President for Chubb Global Markets, effective early 2020. Cairns is currently Chubb’s Head of Financial Lines for ... Read the full article

Chubb appoints Jason Keen to lead global markets division

14th November 2019

Global re/insurer Chubb has announced the appointment of Jason Keen as president of its global markets division, effective early 2020. Keen will oversee and lead the strategy and performance of the division, which comprises Chubb’s London market wholesale and specialty business including the firm's Lloyd’s platform. He has served with the firm ... Read the full article

Chubb income down 11% in Q3 despite underwriting improvements

30th October 2019

Global insurer and reinsurer Chubb has posted an 11.4% reduction in net income for the third quarter of 2019, despite significant improvements to its property and casualty (P&C) underwriting. Net income was recorded at $1.1 billion, compared with $1.2 billion for Q3 2018. Chubb explained that the figure was unfavourably impacted by ... Read the full article

Jonathan Poole joins Chubb as Head of Middle Market for UK & Ireland

24th October 2019

Global insurer and reinsurer Chubb has announced that Jonathan Poole is to join the company as Head of Middle Market for the UK and Ireland, effective January 6, 2020. He will arrive from Tokio Marine, where he currently serves as Head of Operations for Tokio Marine Kiln Insurance (TMKI), which was ... Read the full article

State Farm & Berkshire maintain status as top US P&C insurers

24th October 2019

State Farm and Berkshire Hathaway Specialty Insurance maintained their spots as the largest and second-largest U.S. Property and Casualty (P&C) writers in 2018, respectively, while Chubb INA Group entered the top ten. This is according to the Reinsurance News directory of the Top 100 U.S. P&C ... Read the full article

Ransomware cyber attacks on the rise, warns Chubb

24th October 2019

On the back of a significant increase from 2017 to 2018, the volume of ransomware cyber attacks in the first-half of 2019 has already outpaced the total number of claims witnessed in the whole of 2018, according to global insurer and reinsurer Chubb. The significant increase witnessed in the first-half of ... Read the full article

Chubb names Joe Vasquez as President of Combined Insurance

2nd October 2019

Global insurer and reinsurer Chubb has announced the appointment of Joe Vasquez as President of Combined Insurance, effective immediately. Vasquez was previously Senior Vice President at Chubb Group and head of the company’s global accident and health insurance business. In his new position, he succeeds Kevin Goulding, who is set to retire ... Read the full article

Louis Hobson to lead Chubb’s North America Flood Insurance division

24th September 2019

Insurer and reinsurer Chubb has appointed Louis Hobson as Senior Vice President (SVP) of Flood Insurance for North America, based in Chicago and reporting to Derek Talbott, Division President of Chubb's North America Property & Specialty Lines. In this role, Hobson will work alongside the firm's personal and commercial lines of ... Read the full article

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.