Reinsurance News

Chubb news

News about international insurance and reinsurance group Chubb, including news about the company’s financial results, its new product launches, new hire news and other analysis or insight about Chubb’s insurance and reinsurance offering.

Chubb names Mollica Division President for North America Financial Lines

5th December 2022

Chubb has appointed Michael Mollica as Division President for the company's North America Financial Lines businesses, where he will report to John Lupica, Vice Chairman, Chubb Group and President, North America Insurance. Mollica’s appointment is effective immediately. He succeeds Steve Goldman, who Chubb has announced has left the company. Currently, Mollica serves as Executive Vice President, ... Read the full article

Chubb names Carene Madden Financial Lines Manager for UKISA region

2nd December 2022

P&C insurance company Chubb has appointed Carene Madden as Financial Lines Manager for the United Kingdom, Ireland and South Africa (UKISA.) Based in London, Madden will report to Hilda Toh - Property and Casualty Chief Underwriting Officer for UKISA. Madden’s appointment is effective in the second quarter of 2023. Within this role, Madden will be responsible for managing and ... Read the full article

Chubb appoints Real Estate & Hospitality Industry Practice Leader

30th November 2022

Chubb has named Lyndsey Christofer as Real Estate & Hospitality (REH) Industry Practice Leader, a role that will see her oversee the strategic direction of the practice and lead Chubb's REH-dedicated underwriting, risk consulting and claims specialists. In her new role, Christofer will also oversee Chubb's primary casualty line of business ... Read the full article

Chubb increases stake in Huatai Insurance Group to 83.2%

18th November 2022

Chubb Limited has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase its ownership in Huatai Insurance Group Company Limited from 47.3% to 83.2%. In November 2019, Chubb announced that it had increased its ownership in Huatai Insurance Group Company from 30.9% to 46.2%. Chubb noted that ... Read the full article

BOC Aviation sues 16 insurance companies over Russia losses

16th November 2022

BOC Aviation, a Dublin-based aircraft lessor, has begun legal action against 16 insurance companies, including Lloyd’s of London, Chubb European Group, AIG Europe and Swiss Re, over losses linked to Russia-Ukraine war, according to a Reuters report. The proceedings were issued in the High Court on November 3, 2022. In August, the ... Read the full article

Chubb promotes Howell to lead Consumer business in Asia Pacific

14th November 2022

Global insurer, Chubb has promoted Ben Howell to Regional Head of Consumer, APAC for its general insurance business in the Asia Pacific region. Currently, Howell serves as Regional Head of Accident & Health (A&H) for Asia Pacific at Chubb. Within this new role, he will be responsible for the financial performance of ... Read the full article

Chubb Studio expands tech features

7th November 2022

Chubb has announced that its global integration platform, Chubb Studio, has introduced new features that can embed insurance into the digital environments of its distribution partners more easily. The platform's three new features provide Chubb's distribution partners with access to Chubb-developed software development kits (SDKs) that enable the company's partners to ... Read the full article

Chubb hires Turberville from AGCS to lead Hull for Global Markets division

3rd November 2022

Chris Turberville has decided to leave Allianz Global Corporate & Specialty (AGCS) to join global insurer Chubb as its new Head of Hull for Chubb Global Markets, the firm's London Market wholesale and specialty business including its Lloyd's platform. In his new role, Turberville assumes responsibility for the management, oversight, and ... Read the full article

Chubb sees net income plummet in Q3 2022

26th October 2022

Chubb is reporting that its net income in Q3 2022 was $812m, down from $1.83bn in Q3 2021. The firm is also reporting that net income between the two periods fell from $6.4bn to $4bn. It said that net income in the quarter was adversely impacted by realized losses of $502m ... Read the full article

Chubb names Bill Hazelton Head of North America Industry Practices

20th October 2022

P&C insurance company Chubb has appointed Bill Hazelton as Executive Vice President, Head of North America Industry Practices. In this newly created role Hazelton will focus on providing extensive industry-focused insurance coverages, risk engineering and claims services to customers across targeted practices in North America. These include Real Estate & Hospitality, ... Read the full article

Top 20 U.S. cyber insurers all saw premium growth in 2021

6th October 2022

Of the approximately $4.8 billion of U.S. cyber insurance premiums underwritten in 2021 by the property & casualty (P&C) industry, more than 81% came from the top 20 cyber insurers in the U.S. marketplace, led by global insurer Chubb. Based on research data from rating agency AM Best, ... Read the full article

Younger generations more predisposed to professional advice on insurance: Chubb

27th September 2022

A new report from Chubb posits that younger generations are more enamoured of taking advice from insurance brokers and agents than those preceding them. According to Chubb, 46% of Gen Z and 43% of Millennials wish for their agent or broker to advise them on insurance-related matters. This is a sharp ... Read the full article

Blink by Chubb launches new income protection insurance

20th September 2022

Blink by Chubb has announced the launch of Blink Paycheck – a new income protection insurance product that can help keep consumers’ lives on track when they are sick or injured and unable to work. The new product is currently available in 37 states and provides benefits of up to $2,500 per month ... Read the full article

Chubb appoints President of Consumer Lines for EMEA

19th August 2022

Global insurer Chubb has announced the appointment of Chris Eappariello as President of Consumer lines for the insurer’s Europe, Middle East and Africa (EMEA) region. Eappariello will be responsible for a newly created regional segment which comprises Chubb's Specialty Personal Lines (SPL), Accident and Health (A&H) affinity, consumer travel and direct ... Read the full article

Chubb’s Combined Insurance appoints VP of Distribution, Canada

18th August 2022

Chubb’s Combined Insurance has appointed Michael Milos as Vice President of Distribution Expansion for Combined’s Canadian branch. He is based at Combined’s Markham, Ontario offices. As Vice President of Distribution Expansion Milos will be instrumental in diversifying the organization’s distribution strategies, as well as strengthening and forming new relationships in the broker ... Read the full article