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 enhances cyber offering with NetSPI partnership
6th December 2023
Property and casualty insurance company Chubb has announced the launch of its cyber protection partnership with NetSPI, a cybersecurity specialist. NetSPI is an expert in proactive security, aiming to strengthen its clients’ cyber-risk profile via enhanced attack surface management and penetration testing solutions. Through this collaboration, Chubb policyholders in the US and ... Read the full article
Chubb survey reveals lack of flood preparedness among U.S. mid-market companies
27th November 2023
Property and casualty insurer Chubb has disclosed findings from a recent survey, indicating that U.S. mid-market companies, with a majority falling within the $10 million to $1 billion range, are significantly unaware and unprepared for the risks posed by flooding. The survey underscores a concerning trend, with a staggering 85% of ... Read the full article
Chubb ranked largest US cyber insurer for third year running by AM Best
23rd November 2023
The latest data from ratings agency AM Best confirms that Chubb remains the largest cyber insurer in the US when ranked by direct premiums written (DPW) in 2022. With DPW of $604.9 million in 2022, Chubb tops the list of the top 20 US cyber insurers, and now has a market ... Read the full article
Chubb enhances B2B2C digital distribution capabilities
16th November 2023
Property & casualty insurer Chubb, has announced that Chubb Studio, the company's global integration technology, has launched a new developer portal that will make it easier for its B2B2C partner companies to access and test its digital insurance products and capabilities. According to the announcement, the new developer portal allows developers ... Read the full article
Chubb’s Combined Insurance appoints Michelle Bryer as SVP, Chief Operations Officer
8th November 2023
Chubb’s Combined Insurance has appointed Michelle Bryer as Senior Vice President, Chief Operations Officer, effective immediately. She has been serving as Senior Vice President, Claim Operations and will report to Richard L. Williams, Jr., President of Combined Insurance in her new role, the company noted. Bryer, who brings more than two decades ... Read the full article
Chubb isn’t running from reinsurance, would lean into property cat if liked the returns: CEO
25th October 2023
Evan Greenberg, Chief Executive Officer (CEO) of global insurer Chubb, has emphasised that the carrier is not shying away from the reinsurance business, but that it makes more sense for the company to grow its insurance property catastrophe-related exposure than on the reinsurance side. Chubb recently held its third quarter 2023 ... Read the full article
Chubb reports significant rise in net income as P&C underwriting profit swells in Q3
25th October 2023
Property and casualty insurer Chubb has reported net income and core operating income for Q3 2023 of $2.04 billion each, up 157.8% and 55.4%, respectively, as its P&C arm delivered a combined ratio of 88.4% with underwriting income of $1.31 billion. The P&C underwriting result improved significantly from the $710 million ... Read the full article
Chubb promotes McGregor to Head of Property in APAC & Japan
24th October 2023
Global property and casualty insurer Chubb has promoted Ben McGregor to Head of Property, Asia Pacific (APAC) and Japan for its general insurance business, effective 1 December 2023. McGregor will be based in Singapore and report directly to Paul McNamee, Regional President of APAC. He has a matrix reporting line to Aaron ... Read the full article
Chubb hires Gordon Mackechnie as its new Chief Technology Officer
5th October 2023
Property & Casualty insurance giant Chubb has appointed Gordon Mackechnie as its new Chief Technology Officer. A seasoned technology leader, Mackechnie joins Chubb following a seven year tenure at Deutsche Bank. In his most recent role at the firm, he served as Chief Technology Officer. Prior to that, he spent just under ... Read the full article
Middle market companies thriving amidst economic challenges: Chubb and NCMM
4th October 2023
The 2023 Mid-Year Middle Market Indicator, conducted by Chubb and the National Center for the Middle Market (NCMM), shows middle market companies thriving, with a record-high three-quarters reporting improved performance despite economic challenges. This positive trajectory is further substantiated by top-line growth over the past 12 months, overall employment expansion, and ... Read the full article
Chubb and SentinelOne partner to enhance cybersecurity for U.S. businesses
27th September 2023
In a strategic move aimed at bolstering cybersecurity practices for American businesses, Chubb, the world's largest publicly traded property & casualty insurance company, has embarked on a collaboration with SentinelOne, a renowned leader in the field of cybersecurity. This partnership marks a significant step forward in cyber risk management for Chubb's ... Read the full article
Janice Mo to lead Chubb’s general insurance operations in Korea
21st August 2023
Property and casualty insurance giant Chubb has appointed Janice (Jae-Kyung) Mo to Country President of the company's general insurance business in Korea, subject to regulatory approval. Mo's appointment is expected to be effective September 1, 2023. In her new role, she will report to Paul McNamee, Regional President, Asia ... Read the full article
Chubb survey reveals rapid growth in embedded insurance adoption
18th August 2023
A recent survey conducted by Chubb, the world's largest publicly traded property and casualty insurance company, has unveiled a significant shift in the global insurance landscape. The survey, titled "Banks and the Digital Wallet Race - The Embedded Insurance Strategy," involved 2,000 consumers and 200 finance leaders and was carried out ... Read the full article
Chubb appoints Edward Kopp as Regional President, Far East
17th August 2023
Global insurer Chubb has announced the appointment of Edward Kopp as Regional President, Far East. Currently, Kopp serves as the Country President of Chubb Korea. The appointment, subject to notification to local regulatory authorities, is expected to be effective on September 1st. Kopp will report to Juan Luis Ortega, Executive Vice ... Read the full article
Chubb announces senior appointments for Asia, Australia and NZ
11th August 2023
Property and casualty insurance giant Chubb has announced the appointments of dedicated and separate leadership to run its businesses in Asia and Australia & New Zealand, respectively. Chris Gough has been appointed as the Head of P&C for Asia. In his new role, he will report directly to Paul McNamee, Regional ... Read the full article