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Reinsurance News


Chubb’s ABR Reinsurance hires Ramlal as Underwriting Director

21st January 2019

ABR Reinsurance Capital Holdings, the self-reinsurance vehicle jointly operated by Chubb and investment management firm Blackrock, has appointed Sean Ramlal as an Underwriting Director. Ramlal joined ABR Re in November 2018 from QBE Reinsurance, where he served for the previous four years as Vice President, Treaty Underwriter. At QBE Re, he was responsible ... Read the full article

Chubb pegs pre-tax Q4 cat losses at $585m

21st January 2019

Global re/insurer Chubb has released an updated Q4 catastrophe loss estimate of $585 million ($505 million after tax), a figure which includes previously reported costs incurred by the California wildfires and hurricane Michael. The Camp and Woolsey wildfires destroyed more than 20,000 structures between them after springing up in California’s ... Read the full article

Chubb completes move to France ahead of Brexit

2nd January 2019

Chubb European Group has completed its planned move from London to France as part of its preparations for the UK’s departure from the European Union (EU) in March 2019. The redomicile to Paris is effective from 1 January and aims to provide Chubb customers with continuous, uninterrupted service regardless of the ... Read the full article

Chubb estimates Q4 wildfire losses at $225mn

4th December 2018

Global insurer and reinsurer Chubb has estimated that it will incur roughly $225 million pre-tax ($195 million after tax) of catastrophe losses attributable to the California wildfires over the fourth quarter of 2018. This estimate does not include losses from other global weather and catastrophe events over Q4, such as Hurricane ... Read the full article

Chubb management highlights adverse large loss trend in homeowners

16th November 2018

Management at global insurer and reinsurer Chubb have highlighted an adverse large loss trend in homeowners business, and the firm is taking underwriting actions and rate increases to offset the impacts. Chubb recently announced its financial results for the third-quarter of 2018, which revealed catastrophe losses of $450 million and ... Read the full article

Chubb partners with Munich Re’s HSB on IoT services

2nd November 2018

Global insurer Chubb has entered into a partnership with Munich Re’s Hartford Steam Boiler Inspection and Insurance Company that will provide the firm’s policyholders with access to Internet of Things (IoT) technology for homes and businesses. The IoT sensors and devices will target the threat of water damage by monitoring for ... Read the full article

Chubb announces series of leadership changes

25th October 2018

Global insurer Chubb has appointed Joe Vasquez as Senior Vice President, Chubb Group and head of the company's global accident and health insurance business, with Keith Higdon set to succeed him in his current role as President of ESIS, the company's third party risk management and claims services affiliate. Higdon, who has more ... Read the full article

Cat losses hit Chubb in Q3 but operating profit up year-on-year

24th October 2018

Global insurer Chubb has reported pre-tax catastrophe losses of $450 million ($372 million after-tax) for the third-quarter of 2018, and a core operating profit of $1.1 billion, compared with a $60 million loss a year earlier. Chubb announced previously that it expected Q3 2018 catastrophe losses to amount to $450 ... Read the full article

Chubb’s third quarter nat cat losses total $450mn

10th October 2018

Global insurance and reinsurance firm Chubb has revealed its preliminary estimates for net losses attributable to natural catastrophes in the third quarter of 2018, which totalled $450 million pre-tax, or $372 million after tax. Chubb said that the losses are attributable to more than 20 separate global weather events, including Hurricane ... Read the full article

Chubb names Jeremiah Konz as Reinsurance Officer for overseas insurance

18th September 2018

Global property and casualty insurer Chubb has appointed Jeremiah Konz as Executive Vice President, Reinsurance Officer for Chubb Overseas General, the company’s international general insurance business in over 50 countries and territories. Konz currently serves as Senior Vice President, Ceded Reinsurance for Chubb’s North American operation, having joined Chubb in 2012, ... Read the full article

Chubb appoints new senior leaders for Hong Kong

22nd August 2018

Chubb has appointed Stanley Wong to succeed Doug White as Country President for Hong Kong, Taiwan & Macau, and Douglas Wong to succeed Patrick Wong as Head of Property & Casualty for Hong Kong, effective 1 October 2018. Doug White was recently appointed as Head of Chubb’s newly established Major ... Read the full article

Chubb launches new Major Accounts Division in Asia Pacific, names head

21st August 2018

Property & Casualty (P&C) insurer Chubb has launched a new Major Accounts Division in the Asia Pacific region and has named Doug White, current Country President of Hong Kong, Taiwan & Macau, as its head, effective 1 October 2018. Chubb said the new Division will be a dedicated premium service encompassing ... Read the full article

Chubb partners with Swiss Re on Travel Delay insurance solution

10th August 2018

Property & Casualty (P&C) insurer Chubb has partnered with Swiss Re to launch Flight Delay - an insurance solution for air travellers in Australia that enables payouts on delays as short as 30 minutes. The product is available via Chubb’s Connect app and is powered by Australia-based payments platform provider United ... Read the full article

Chubb appoints Aspen’s Raheila Nazir as UK&I Cyber Underwriting Manager

7th August 2018

Property & Casualty (P&C) insurer Chubb has announced the appointment of Raheila Nazir as Cyber Underwriting Manager for the UK and Ireland, effective immediately. Nazir will report to Kyle Bryant, Cyber Risks Manager, Europe, Chubb and be responsible for the leadership and direction of Chubb’s Cyber Underwriting team in the region. ... Read the full article

Chubb’s Brexit preparations move forward

25th July 2018

Chubb European Group and its ACE Europe Life subsidiary has converted to Societas Europaea, enabling both companies to redomicile to another European Union (EU) jurisdiction and continue to undertake business both across the EU and into the UK. The conversion is the next step in Chubb’s efforts to redomicile its businesses ... Read the full article

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