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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 acquires Cigna A&H businesses for $5.75bn

8th October 2021

Global insurance carrier Chubb has agreed to acquire Cigna Corporation’s life, accident and supplemental benefits businesses in seven countries for a cash consideration of $5.75 billion. Chubb Chairman and CEO Evan G. Greenberg noted that Cigna’s business is “overwhelmingly A&H,” and will help to “rebalance” its global portfolio in the Asia ... Read the full article

Chubb appoints Kevin Rampe to lead North America claims

7th October 2021

Insurer Chubb has named Kevin Rampe Head of North America Claims, a role previously occupied by Bill Hazelton. Rampe previously served as Chubb's Global Deputy General Counsel and in his new role will oversee all aspects of Chubb's North America commercial and personal lines claims. Additionally, he will also oversee efforts to ... Read the full article

Chubb announces senior promotions

6th October 2021

Chubb has appointed Peter Tucker to a newly created position within its North America Field Operations, as Executive Vice President, National Distribution. In his new role, Tucker will be responsible for overseeing Chubb's enterprise-wide engagement with key brokerage and agency partners that are consolidating from traditionally independent companies into national or ... Read the full article

Chubb names Head of Cyber & Tech for Overseas General Insurance

15th September 2021

Chubb has announced the appointment of Raheila Nazir as Head of Cyber & Technology for Overseas General Insurance, the company's international general insurance business. In this role, she will lead Chubb's international Cyber & Technology practice and be responsible for overseeing underwriting, strategy, product and business development, and financial performance. Nazir was ... Read the full article

Chubb promotes Barnett to EVP, head of North America Construction Surety

27th August 2021

Global insurance carrier Chubb has appointed Richard Barnett Executive Vice President, head of North America Construction Surety. Barnett will be responsible for the underwriting, strategy and product management of construction surety products and services offered through Chubb's global large accounts segment. He will report to Stephen Haney, Vice President, Chubb Group, and ... Read the full article

Chubb makes senior hires within NA Property and Wholesale Excess & Surplus business

25th August 2021

Chubb has announced leadership appointments within its North America Property business unit and in its wholesale excess and surplus lines division. Matt Booker has been appointed Executive Vice President, Westchester Property and Inland Marine. In his new role, he will have responsibility for leading new business development, strategic direction, and implementation of ... Read the full article

Chubb promotes Hilda Toh to P&C CUO for UK, Ireland & South Africa

6th August 2021

Global insurer Chubb has announced that Hilda Toh has succeeded Mark Roberts as Property and Casualty (P&C) Chief Underwriting Officer (CUO) for the United Kingdom, Ireland and South Africa (UKISA), effective immediately. In her new role, Toh will be based in London; taking over from Roberts who was recently appointed Division ... Read the full article

Chubb’s Q2 net income improves significantly to $2.27bn

28th July 2021

Global insurance carrier Chubb has reported net income of $2.27 billion for the second-quarter of 2021 against a net loss of $331 million a year earlier, as catastrophe losses fell significantly, year-on-year. Alongside the robust improvement in net income, Chubb's operating income also swelled in Q2 2021, reaching $1.6 billion compared ... Read the full article

Chubb authorises $5bn one-time share repurchase program

20th July 2021

Global insurer Chubb has authorised a new one-time incremental share repurchase program of up to $5 billion through to the end of June next year. The company's existing share repurchase authorisation of $2.5 billion has $65 million remaining, which would be used prior to the share repurchase program. The timing and volume ... Read the full article

Chubb bolsters senior UK & Ireland Casualty team with two new hires

16th July 2021

Global insurer Chubb has announced two senior appointments to its United Kingdom & Ireland (UK&I) Casualty team. Ben Campey has been appointed London Corporate Casualty Manager, while Chris Templeton becomes UK&I Construction Casualty Manager. Campey will be responsible for leading and growing Chubb's London Middle Market casualty portfolio, working alongside business development ... Read the full article

Chubb makes series of key EMEA appointments

29th June 2021

Global insurer Chubb has announced a series of senior leadership appointments in the Europe, Middle East and Africa (EMEA) region. Sara Mitchell is appointed Division President of Continental Europe, Middle East and North Africa. She will be responsible for Chubb's property and casualty, accident and health and consumer lines operations across 26 ... Read the full article

Chubb names Mark Hammond as Deputy CFO

9th June 2021

Global re/insurer Chubb has appointed Mark Hammond to the additional role of Deputy Chief Financial Officer, a newly created position. Hammond brings over 30 years of experience in insurance and public accounting and has served as Treasurer of Chubb Group since 2019. Previously, he was Executive Vice President and Chief Financial Officer ... Read the full article

Chubb launches new insurance product

24th May 2021

Global insurer and reinsurer Chubb has introduced a new insurance product, Benchmarq Package, for the lower middle market segment. Benchmarq includes an expanded base coverage offering in both property and liability, resulting in insurance protection that is more inclusive than the typical industry package policies. While Benchmarq's base offering is optimal for ... Read the full article

Chubb hires Richard Williams as President of Combined Insurance

20th May 2021

Global insurer and reinsurer Chubb has appointed Richard Williams as President of Combined Insurance. Williams appointment takes place effective immediately, and will oversee all Combined business operations, management, and growth strategies. He will report to Joe Vasquez, who has been leading Combined since late 2019. Vasquez will continue in his role as Senior ... Read the full article

Chubb partners with Marsh to provide coverage for COVAX program

30th April 2021

Chubb and Marsh have collaborated with the World Health Organization (WHO) and Gavi, the Vaccine Alliance (Gavi), to provide coverage for The COVAX No-fault Compensation. The program offers lower-income countries and economies a process to receive compensation for events associated with vaccines distributed through COVAX up to the end of June ... Read the full article

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