Reinsurance News


Chubb expands cyber offering, signs up to CyberCube

1st June 2018

Chubb, the world’s largest publicly traded property and casualty insurer, has rolled out comprehensive new protections for its policyholders against cyber-related incidents. Following its agreement with CyberCube, a leading provider of cyber risk analytics for the insurance industry, Chubb is able to leverage the firms’ analytical capabilities to supplement their ability ... Read the full article

Chubb appoints Manufacturing Industry Practice Leader for North America

10th May 2018

Chubb has appointed Mike Williams as Executive Vice President and Manufacturing Industry Practice Leader for its North American mid-market segment. Williams will now be responsible for leading Chubb's strategic efforts to drive results for its mid-market business in North America by leveraging the company's portfolio of underwriting, claims and risk engineering ... Read the full article

2017’s disaster events show shifting risk landscape, says Chubb’s Greenberg

19th April 2018

Evan Greenberg, Chairman and Chief Executive Officer (CEO) of Chubb, has asserted that the risk landscape is becoming more complex, and that re/insurers must respond to 2017’s costly natural catastrophe events by adjusting their risk-models and doing more to support government programmes. In the Chairman’s letter to shareholders, Greenberg claimed that ... Read the full article

Market transition underway, but who knows if rate firming will persist: Chubb’s Greenberg

13th April 2018

After years of falling rates in the global property and casualty (P&C) industry, prices are starting to firm in some areas in response to 2017 catastrophe events, although it remains unclear just how long the positive rate momentum will last, according to Evan Greenberg, the Chairman and Chief Executive Officer ... Read the full article

Chubb names Division Presidents for North America operations

9th April 2018

Chubb has expanded its North America Insurance operations with the appointments of Christopher A. Maleno as Division President, Field Operations and Matthew Merna as Division President, Major Accounts. Maleno will now be responsible for organising Chubb’s 48 branch and regional offices across the U.S and Canada, and will manage the company’s ... Read the full article

Chubb appoints Scott Simpson as Country President of general insurance, Singapore

6th March 2018

Chubb has named Scott Simpson as new Country President for its general insurance business in Singapore, set to replace Adam Clifford who is moving into a new role as Chubb’s Division President for Continental Europe. As the new Country President, Simpson will assume responsibility for the growth and financial results of the ... Read the full article

Chubb names Benjamin Rowley as senior underwriter of financial lines

2nd March 2018

Chubb has announced the appointment of Benjamin Rowley, who joins from Hiscox, to senior underwriter of financial lines, Chubb Global Markets, with immediate effect. Rowley is a Medical Malpractice specialist with a broad knowledge of Errors and Omissions (E&O) and will be responsible for growing and managing this highly specialised area ... Read the full article

Chubb appoints Ignacio Borja to Spain & Portugal Country President

31st January 2018

Chubb has appointed Ignacio Borja to Madrid-based Country President for Spain and Portugal (Iberia), reporting to newly-appointed Division President for Continental Europe, Adam Clifford. As Country President, Borja will be responsible for managing the performance, strategy and development of Chubb's Property and Casualty, Accident and Health and Consumer Lines operations in ... Read the full article

Chubb announces key appointments to its Accident & Health senior leadership team

15th January 2018

Chubb has announced two key appointments to its Accident & Health senior leadership team, naming Veronique Brionne as Senior Vice President (SVP) of Accident & Health (A&H) for Continental Europe (CE) and Andrew Nisbet as SVP A&H UK & Ireland. In her Paris-based role, Veronique will assume responsibility for all of Chubb’s ... Read the full article

Chubb expects a $250mn benefit from new U.S. tax law

27th December 2017

Chubb has announced an expected benefit from the new U.S. corporate tax law in excess of $250 million in the fourth quarter of 2017. This preliminary estimate reflects the one-time impact of the reduced U.S. corporate income tax rate from 35% to 20%, and the deemed repatriation of foreign subsidiary earnings ... Read the full article

Chubb names Matt Booker as Senior Vice President of U.S. Major Accounts Property

19th December 2017

Chubb has appointed Matt Booker to Senior Vice President of Major Accounts Property in the U.S. to succeed Brian Church who has moved into a position as Head of International Property for the firm's Overseas General business. Booker will assume responsibility for underwriting, strategy, production, product development, management, and profit and loss ... Read the full article

Chubb puts Q4 cat losses, including CA wildfires, at $320m net of reinsurance

30th November 2017

Global insurance and reinsurance firm Chubb has estimated its fourth-quarter 2017 catastrophe losses at $320 million before tax, with $280 million of the loss attributable to the recent California wildfires. After tax the total Q4 catastrophe loss comes down to $249 million, $215 million of which is from the ... Read the full article

Chubb partners with Chinese insurance giant PICC

28th November 2017

Chubb has entered into a strategic cooperation agreement with China's largest property and casualty insurer, PICC Property & Casualty Company. The agreement enables PICC to leverage Chubb's global capabilities and is in line with the Chinese government's drive to promote international expansion and cooperation to support its "One Belt Road" initiative. "For ... Read the full article

Market at the start of a “firming price environment,” says Chubb’s Greenberg

27th October 2017

Evan Greenberg, the Chairman and Chief Executive Officer (CEO) of global re/insurer Chubb, believes insurance and reinsurance markets are at the start of a firming price environment, after years of a softened market state. Chubb announced third-quarter 2017 after-tax catastrophe losses of $1.525 billion, which drove the firm to a net ... Read the full article

Chubb names Edward Rayfield as Head of Casualty, Singapore

13th October 2017

Chubb has named Edward Rayfield as Head of Casualty in Singapore, moving from a role as Casualty Manager of the Chubb Australia Global Broker Unit NSW & ACT. In his new role, he reports to Liam Burrell, Division Head of Property & Casualty (P&C). Country President for Chubb in Singapore, Adam Clifford, ... Read the full article

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