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 Paul Johnstone as country president, Chubb Canada

9th May 2022

Chubb has named Paul Johnstone as its new country president in Canada, moving up from his role as COO. Johnstone will replace John Alfieri, who has decided to retire after nearly two decades at the company. He will report to Chris Maleno, senior vice president, Chubb Group. Johnstone was appointed ... Read the full article

Chubb reports huge fall in reported net income

27th April 2022

Chubb has said its reported net income for Q1 2022 was $1.97bn, after falling from $2.3bn in the previous year. Other figures released by the insurer were that P&C combined ratio was 84.3% compared to 91.8% prior year, and the current accident year P&C combined ratio excluding catastrophe losses was 83.5% ... Read the full article

Allianz latest to rule out insuring East African Crude Oil Pipeline

11th April 2022

Allianz has become the seventh insurer to commit to not providing coverage to the East African Crude Oil Pipeline (EACOP). The pressure group #StopEACOP says that the insurer has sent it an email to confirm that they will not be ‘providing direct insurance’ to the project since ‘it neither meets our ... Read the full article

Chubb picks up DUAL Asia’s financial lines renewal rights

30th March 2022

Chubb has acquired the renewal rights of DUAL Asia’s financial lines portfolio in Hong Kong SAR and Singapore. According to the firm, it will be purchasing business assets that include intellectual property and underwriting models from DUAL. The firm said it also intends to hire DUAL’s underwriting personnel. Grant Cairns, regional head ... Read the full article

Carbon hires Turner from Chubb as Property Underwriter

29th March 2022

Carbon Underwriting Limited (Carbon), the specialist, independent managing general underwriter  (MGU) and Lloyd’s syndicate has announced the appointment of Claire Turner, who will join the company as a Property Underwriter. Turner joins Carbon after working for 25 years at global insurer Chubb. Her most recent position at the company was underwriting ... Read the full article

Chubb makes appointments to US commercial leadership

11th March 2022

Chubb has made two appointments to its commercial leadership team within the US. In a statement, the company said it had appointed Ketan Vaidya to be the division president of North America small commercial insurance. He will also work closely with Chubb's digital business teams with matrix reporting to Sean Ringsted, ... Read the full article

Middle market labour shortage among other business challenges: Chubb

1st March 2022

According to new data from Chubb and the National Center for the Middle Market's (NCMM) 2021 Year-End Middle Market Indicator, 35% of middle market firms rank increased risks among the top three most difficult aspects of running their business in the current environment. Ben Rockwell, Division President, Chubb Middle Market explained: ... Read the full article

Chubb’s P&C underwriting income hits record high in 2021

2nd February 2022

Global insurer Chubb has reported net income of $2.14 billion for the fourth quarter of 2021, as the company's property and casualty (P&C) underwriting income hit a record $1.27 billion with a combined ratio of 85.5%. Year-on-year, Q4 net income actually fell by 11.5% from the prior year period, as core ... Read the full article

Abbott named Product Head Aviation for Chubb Global Markets

1st February 2022

Chubb has announced the appointment of Simon Abbott as Product Head Aviation for Chubb Global Markets (CGM), the company's London Market wholesale and specialty arm including its Lloyd's platform. In this role, Abbott will lead all aspects of the insurer's Aviation business, which is based in London and has hubs in ... Read the full article

Chubb names Connole as CFO, Overseas General Insurance

26th January 2022

Chubb has appointed Miriam Connole as Chief Financial Officer for Overseas General Insurance, the company's international general insurance operations, where she will have overall financial management responsibility for the company's commercial property and casualty, traditional and specialty personal lines. Connole will also have responsibility for the company’s accident and health insurance ... Read the full article

Chubb promotes Nathalie Meyer to President, Switzerland

21st January 2022

Global re/insurer Chubb has appointed Nathalie Meyer as Country President for Switzerland, where she will be responsible for Chubb's property and casualty, accident and health, and consumer lines operations across the country. Prior to this position, Meyer was the leader for Middle Market, SME and Industry Practices. She replaces Dawn Miller, outgoing ... Read the full article

Chubb North America makes leadership changes

19th January 2022

Global re/insurer Chubb has appointed Drew Spitzer as Treasurer of the company, where he will be responsible for all treasury-related functions. Spitzer currently serves as Chief Financial Officer for the company's North America Insurance, and will be succeeded by Kevin Harkin, currently the Senior Vice President, North America Financial Operations. Spitzer will ... Read the full article

Chubb names Pannala as Global Chief Information Officer

14th January 2022

Chubb Limited has announced the appointment of Shekar Pannala as Vice President, Chubb Group and Global Chief Information Officer. Formerly Executive Vice President, Global Technology, Pannala in his new role is responsible for the strategic direction and execution leadership of Chubb's global technology function across applications, operations and architecture as well ... Read the full article

Chubb names Julie Dillman as Digital Transformation Officer

13th January 2022

Chubb has announced the appointment of Julie Dillman as Executive Vice President, Chubb Group and Digital Transformation Officer, effective January 1, 2022. Thomas Kropp will also transition into Dillman’s previous role of Head of Operations and Technology. In her new role, Dillman will partner and work closely with Chubb's Chief Digital Business ... Read the full article

Chubb Group hires Bryce Johns as SVP and President of Chubb Life

5th January 2022

Global re/insurer Chubb has appointed Bryce Johns as Senior Vice President, Chubb Group and President of Chubb Life. He will join the company from HSBC, where he served most recently as Global CEO of HSBC Life and Insurance Partnerships. In his new role, which becomes effective in April, Johns will have executive ... Read the full article