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.
Evolution of technology is key towards a net zero economy: Chubb’s McMullin
5th June 2023
Earlier this year, global insurer Chubb launched its new global climate business unit to help combat the threat of climate change. The new unit is set to build out additional products, and offer additional services to help clients and the insurance industry. In an interview with Reinsurance News, Matt McMullin, ... Read the full article
Chubb sets up aviation hub in Singapore, to be led by Alastair Stuart
5th June 2023
Chubb has announced the establishment of an aviation hub in Singapore to further develop its general aviation and aerospace business. The Singapore aviation hub is part of a strategic regional focus for the aviation team from Chubb Global Markets. It currently comprises Chubb's London Market wholesale and specialty arm and the ... Read the full article
Chubb supports worlds largest debt conversion for marine conservation
2nd June 2023
Global property and casualty insurer, Chubb has announced its support for the Galápagos Marine Bond - the world's largest debt conversion for marine conservation. The marine conservation-linked bond involves a partnership with the Government of Ecuador and the US International Development Finance Corporation (DFC), the Inter-American Development Bank, Credit Suisse, Oceans ... Read the full article
Chubb names Mason as Executive Vice President, Casualty for Overseas General Insurance
11th May 2023
Chubb, a global property and casualty insurer, has announced the appointment of Adam Mason as Executive Vice President, Casualty for Overseas General Insurance. Currently serving as the Deputy Head of Casualty for the business, Mason will assume his new role effective June 1, 2023. In his new position, Mason will be responsible ... Read the full article
Chubb launches Climate+ Renewables, its first global climate tech insurance solution
11th May 2023
Chubb has announced that the company's Chubb Climate+ global business unit has launched a packaged insurance solution in the UK that will support the growth of alternative and renewable energy projects, principally onshore wind and ground-mounted photovoltaic solar. The product, Climate+ Renewables, is designed for small to medium ... Read the full article
Chubb names Mark Homan as Division President of International P&C
10th May 2023
Chubb, a global property and casualty insurer, has announced the appointment of Mark Homan as the Division President of International Property and Casualty (P&C) for Overseas General Insurance, its international general insurance operations. Homan, who currently serves as the Chief Operating Officer for the division, will assume his new role on ... Read the full article
AXA XL, Fidelis MGU, Chubb among reinsurers facilitating debt conversion for marine conservation
10th May 2023
A group of 11 private insurers are providing more than fifty percent reinsurance to facilitate the largest debt conversion for marine conservation to protect the Galápagos. The reinsurance for the project is provided by AXA XL, Fidelis MGU, Chubb Global Markets, Sovereign Risk Insurance Ltd, Mosaic, and others. It's part of the ... Read the full article
Starr now directly underwrites tech property, concluding relationship with Chubb
28th April 2023
Starr Insurance Companies has announced it is now underwriting property - technical risks business through its own insurance companies. The move marks the conclusion of the company’s 17-year relationship with property and casualty insurer Chubb. Starr stated that this transition should be seamless for its clients, the only change they will see ... Read the full article
Chubb sees strong start to the year with record Q1 core operating income
26th April 2023
Chubb has reported that its Q1 2023 core operating income was a record $1.84 billion, up 11.8% from the previous year. Elsewhere in the firm's results, net income for Q1 stood at $1.89 billion, down slightly from $1.95 billion in 2022. P&C underwriting income was $1.21 billion with a combined ratio of ... Read the full article
Chubb appoints Vaughan to lead its European PRS division
25th April 2023
Chubb, a global property and casualty insurer, has appointed Stephen Vaughan as Head of its European Personal Risk Services (PRS), division, effective June 1, subject to regulatory approval. In this new role, Vaughan will be responsible for the performance and development of Chubb’s high net worth personal lines business in the UK ... Read the full article
Chubb names North America Business Development Leader
20th April 2023
Global P&C insurer Chubb has announced the appointment of Annmarie Camp as North America Business Development Leader. Camp has over two decades of insurance industry experience and currently serves as Head of Personal Risk Services for Chubb in Europe, with responsibility for the performance of the company's high net worth personal ... Read the full article
Chubb prepared to take more risk in reinsurer-led hard market: CEO Evan Greenberg
6th April 2023
Chubb Group had the best financial performance in its history in 2022. The company produced record core operating income and continued to capitalize on favourable commercial P&C underwriting conditions around the world. However, CEO Evan Greenberg predicts that loss-cost pressures on price adequacy will persist, as the market is experiencing ... Read the full article
Chubb to expand its marine business in Asia
4th April 2023
Global P&C insurer Chubb has announced it is expanding its marine business in Asia with the appointment of a new Head of Marine in Malaysia; and by rolling out a full suite of insurance products and services in the Philippines. According to the announcement, the move in the Philippines will effectively ... Read the full article
Chubb names Benoit Chasseguet Country President for France
31st March 2023
Global P&C insurer Chubb has appointed Benoit Chasseguet as Country President for France. Subject to regulatory approval, the appointment is effective immediately. Chasseguet, who currently serves as Regional Marine Manager for Continental Europe – a role he has held since 2013 - succeeds Veronique Brionne who has decided to leave the company. In his ... Read the full article
Chubb promotes O’Brien to CRO, names Ringstead Chief Digital Business Officer
31st March 2023
P&C insurer Chubb has promoted Frances O'Brien to Executive Vice President and Chief Risk Officer (CRO) as Sean Ringstead moves on to new role as Chief Digital Business Officer. O'Brien currently serves as Senior Vice President and Deputy CRO, a position she has held since January 2022. In the new role, effective ... Read the full article
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