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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’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

The Hartford chapter “is closed” says Chubb CEO Greenberg

28th April 2021

During insurer and reinsurer Chubb's first-quarter 2021 earnings call held earlier today, Chairman and Chief Executive Officer (CEO), Evan Greenberg, said that "the chapter with The Hartford is closed." Earlier this week, U.S. property and casualty insurer The Hartford revealed that it had rejected a further two unsolicited acquisition offers ... Read the full article

Chubb’s P&C underwriting income hits $622m despite elevated cat losses

28th April 2021

Global re/insurer Chubb has announced a P&C combined ratio of 91.8% for the first-quarter of 2021 and underwriting income of $622 million, despite pre-tax catastrophe losses, net of reinsurance and including reinstatement premiums, of $700 million for the period. When compared with the first-quarter of 2020, Chubb's P&C combined ratio has ... Read the full article

WTW licences Radar Live software to Chubb

26th April 2021

Insurance Consulting and Technology broker Willis Towers Watson has licensed its pricing delivery software Radar Live to Chubb. Radar Live is designed to integrate across multiple channels and provide commercial insurers with increased pace and agility to generate and benefit from ever more sophisticated insights. Chubb will be able to leverage advanced ... Read the full article

The Hartford rejects two additional acquisition offers from Chubb 

22nd April 2021

U.S. property and casualty insurer The Hartford has rejected further unsolicited acquisition proposals from re/insurer Chubb, which in turn has expressed disappointment over a lack of engagement. Alongside the release of its first-quarter 2021 financials today, The Hartford has announced the receipt and rejection of two additional acquisition offers from global ... Read the full article

Chubb makes two senior leadership appointments

14th April 2021

Global re/insurer Chubb has announced two leadership appointments within its North America Accident and Health (A&H) business. Suresh Krishnan, Chubb's current Chief Operating Officer, North America Accident and Health, has been named Executive Vice President, Head of North America Specialty Accident and Health. In this expanded role, he will look to grow ... Read the full article

Chubb hires Lyndsey Christofer as EVP

14th April 2021

Global re/insurer Chubb has appointed Lyndsey Christofer as Executive Vice President, Construction Industry Practice Leader for its large account segment. She will oversee strategic direction whilst leading a broad team of dedicated construction underwriting and service specialists across multiple lines of business to deliver customised and innovative insurance solutions to Chubb's ... Read the full article

Chubb “disappointed” by The Hartford rejection

29th March 2021

Global re/insurer Chubb has released a statement saying it is “disappointed” by The Hartford’s decision to reject its $23.24 billion acquisition offer. The Hartford's board unanimously rejected Chubb's takover bid last week on the basis that such a transaction "would not be in the best interests of the company ... Read the full article

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