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.
Ransomware cyber attacks on the rise, warns Chubb
24th October 2019
On the back of a significant increase from 2017 to 2018, the volume of ransomware cyber attacks in the first-half of 2019 has already outpaced the total number of claims witnessed in the whole of 2018, according to global insurer and reinsurer Chubb. The significant increase witnessed in the first-half of ... Read the full article
Chubb names Joe Vasquez as President of Combined Insurance
2nd October 2019
Global insurer and reinsurer Chubb has announced the appointment of Joe Vasquez as President of Combined Insurance, effective immediately. Vasquez was previously Senior Vice President at Chubb Group and head of the company’s global accident and health insurance business. In his new position, he succeeds Kevin Goulding, who is set to retire ... Read the full article
Louis Hobson to lead Chubb’s North America Flood Insurance division
24th September 2019
Insurer and reinsurer Chubb has appointed Louis Hobson as Senior Vice President (SVP) of Flood Insurance for North America, based in Chicago and reporting to Derek Talbott, Division President of Chubb's North America Property & Specialty Lines. In this role, Hobson will work alongside the firm's personal and commercial lines of ... Read the full article
Chubb launches new Pro ERM solution
5th August 2019
Insurer and reinsurer Chubb has announced the launch of Pro ERM, a new comprehensive offering which combines Miscellaneous Professional Liability, Media Liability, Cyber Liability, and first-party Cyber coverages with extensive loss mitigation and incident response services. Chubb states that Pro ERM, which combines numerous covers into a single policy, is an ... Read the full article
Chubb appoints Marcos Gunn to succeed Juan Luis Ortega
2nd August 2019
Chubb has announced that current Division President, Northern Latin America and Chief Operating Officer (COO) of the Latin America region, Marcos Gunn, has been appointed Senior Vice President (SVP), Chubb Group and Regional President, Latin America. Gunn replaces and will also report to Juan Luis Ortega, who was recently appointed ... Read the full article
Chubb names Ortega EVP, Chubb Group & President, Overseas General Insurance
1st August 2019
Insurer and reinsurer Chubb has revealed that Juan Luis Ortega is to succeed Juan Andrade as Executive Vice President (EVP), Chubb Group and President, Overseas General Insurance, effective immediately. Ortega is currently Senior Vice President (SVP), Chubb Group and Regional President of Latin America, and in his new role will report ... Read the full article
Chubb appoints Janene Blizzard to A&H role for UK & Ireland, Eurasia & Africa
29th July 2019
Global insurer and reinsurer Chubb has announced the appointment of Janene Blizzard as Vice President Accident & Health (A&H) for the UK & Ireland and Eurasia & Africa region. Blizzard previously served as Head of A&H Corporate and Global Accounts UK and Ireland at Chubb. In her new role, she will have ... Read the full article
Chubb CEO notes improved, broadening pricing environment
24th July 2019
Global insurer and reinsurer Chubb has reported net income of $1.2 billion and a P&C combined ratio of 90.1% for the second-quarter of 2019, while an improved pricing environment resulted in strong premium growth for the firm. At $1.2 billion, Chubb's net income and core operating income fell slightly year-on-year, by ... Read the full article
Chubb Tempest Re hires Holland from AXIS for VP casualty treaty role
23rd July 2019
Chubb's global multi-line reinsurance unit Chubb Tempest Re has hired Christopher Holland as a Vice President focused on casualty treaty underwriting in the United States, we've learned. Holland was most recently a Vice President at AXIS Capital's reinsurance unit, AXIS Re, based in New York and underwriting largely casualty treaty business. We ... Read the full article
Chubb recognises climate change reality, says Greenberg, pulls back from coal
1st July 2019
Chubb has become the latest major re/insurer to adopt a climate policy that aims to phase out its exposure to coal-related underwriting and investment. As part of the announcement, Evan G. Greenberg, Chairman and CEO of Chubb, said that the company “recognizes the reality of climate change and the substantial impact ... Read the full article
Lloyd’s in talks with Chubb & AIG as it looks to boost U.S growth
20th June 2019
Insurance and reinsurance market Lloyd's of London is conducting talks with major insurer insurers such as Chubb and AIG as it looks to further boost its growth in the U.S, according to reports Reuters. CEO John Neal told the publication that Lloyd’s was discussing potential opportunities for the insurers to sell ... Read the full article
Chubb renews global prop cat & terrorism reinsurance at April 1st
6th May 2019
Global insurer Chubb has disclosed the terms of its reinsurance buying at the April 1, 2019 renewals, which saw it renew both its global property catastrophe and terrorism coverages. The company explained that the global property cat program, which applies to its North American and International operations, was renewed with modest ... Read the full article
Chubb’s Tony Jordan joins AXIS Capital as Group Chief Actuary
2nd May 2019
AXIS Capital Holdings Limited has appointed global re/insurer Chubb's Tony Jordan as its new Group Chief Actuary, reporting to Peter Vogt, AXIS Capital's Group Chief Financial Officer (CFO). Based in the firm's London office, Jordan will be responsible for overseeing AXIS Capital's corporate actuarial function, which includes reserving functions, capital modelling ... Read the full article
Chubb CEO praises “best markets in years”, posts $1bn Q1 net income
1st May 2019
Evan Greenberg, Chairman and Chief Executive Officer of Chubb, has described US commercial, London wholesale and certain other international markets as the “best we have seen in a number of years.” His remarks come as the global insurer today posted a $1 billion net income for the first quarter of 2019, ... Read the full article
Chubb names Head of Financial Institutions UK & Ireland, Global Markets
10th April 2019
Chubb has named Jonathan Kennett as the new Head of Financial Institutions for the UK and Ireland and Chubb Global Markets, the firm's London Market wholesale and specialty division. The appointment is effective immediately and sees Kennett report to Matthew Shaw, Division President, Chubb Global Markets and Hilda Toh, Financial Lines ... Read the full article
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