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 becomes first business to integrate TOM Structured Data Capture service

29th June 2018

Chubb has become the first business to go live with an integrated Structured Data Capture (SDC) service from the London Market’s Target Operating Model (TOM), according to the London Market Group (LMA). SDC enables the contents of documents such as Market Reform Contracts and binding authorities to be converted into consistent, ... Read the full article

Chubb appoints Goldman as Executive VP of Overseas General Insurance

13th June 2018

Property and Casualty (P&C) insurer Chubb has announced the appointment of Steven F. Goldman as Executive Vice President (VP), Financial Lines for Overseas General Insurance, effective July 1. In his new New York-based role, Goldman will oversee Chubb’s international financial lines division including directors and officers liability, financial institutions, errors and ... Read the full article

Chubb names Furby to lead Europe, as Kendrick set to retire

11th June 2018

Chubb, the world’s largest publicly traded property and casualty (P&C) insurer, has named David Furby as Senior Vice President (VP), Chubb Group and Regional President, European Group. Additionally, Andrew Kendrick has announced his retirement, having led the company’s European operations as Regional President for 14 years. Furby currently serves as VP, ... Read the full article

Chubb expands cyber offering, signs up to CyberCube

1st June 2018

Chubb, the world’s largest publicly traded property and casualty insurer, has rolled out comprehensive new protections for its policyholders against cyber-related incidents. Following its agreement with CyberCube, a leading provider of cyber risk analytics for the insurance industry, Chubb is able to leverage the firms’ analytical capabilities to supplement their ability ... Read the full article

Chubb appoints Manufacturing Industry Practice Leader for North America

10th May 2018

Chubb has appointed Mike Williams as Executive Vice President and Manufacturing Industry Practice Leader for its North American mid-market segment. Williams will now be responsible for leading Chubb's strategic efforts to drive results for its mid-market business in North America by leveraging the company's portfolio of underwriting, claims and risk engineering ... Read the full article

2017’s disaster events show shifting risk landscape, says Chubb’s Greenberg

19th April 2018

Evan Greenberg, Chairman and Chief Executive Officer (CEO) of Chubb, has asserted that the risk landscape is becoming more complex, and that re/insurers must respond to 2017’s costly natural catastrophe events by adjusting their risk-models and doing more to support government programmes. In the Chairman’s letter to shareholders, Greenberg claimed that ... Read the full article

Market transition underway, but who knows if rate firming will persist: Chubb’s Greenberg

13th April 2018

After years of falling rates in the global property and casualty (P&C) industry, prices are starting to firm in some areas in response to 2017 catastrophe events, although it remains unclear just how long the positive rate momentum will last, according to Evan Greenberg, the Chairman and Chief Executive Officer ... Read the full article

Chubb names Division Presidents for North America operations

9th April 2018

Chubb has expanded its North America Insurance operations with the appointments of Christopher A. Maleno as Division President, Field Operations and Matthew Merna as Division President, Major Accounts. Maleno will now be responsible for organising Chubb’s 48 branch and regional offices across the U.S and Canada, and will manage the company’s ... Read the full article

Chubb appoints Scott Simpson as Country President of general insurance, Singapore

6th March 2018

Chubb has named Scott Simpson as new Country President for its general insurance business in Singapore, set to replace Adam Clifford who is moving into a new role as Chubb’s Division President for Continental Europe. As the new Country President, Simpson will assume responsibility for the growth and financial results of the ... Read the full article

Chubb names Benjamin Rowley as senior underwriter of financial lines

2nd March 2018

Chubb has announced the appointment of Benjamin Rowley, who joins from Hiscox, to senior underwriter of financial lines, Chubb Global Markets, with immediate effect. Rowley is a Medical Malpractice specialist with a broad knowledge of Errors and Omissions (E&O) and will be responsible for growing and managing this highly specialised area ... Read the full article

Chubb appoints Ignacio Borja to Spain & Portugal Country President

31st January 2018

Chubb has appointed Ignacio Borja to Madrid-based Country President for Spain and Portugal (Iberia), reporting to newly-appointed Division President for Continental Europe, Adam Clifford. As Country President, Borja will be responsible for managing the performance, strategy and development of Chubb's Property and Casualty, Accident and Health and Consumer Lines operations in ... Read the full article

Chubb announces key appointments to its Accident & Health senior leadership team

15th January 2018

Chubb has announced two key appointments to its Accident & Health senior leadership team, naming Veronique Brionne as Senior Vice President (SVP) of Accident & Health (A&H) for Continental Europe (CE) and Andrew Nisbet as SVP A&H UK & Ireland. In her Paris-based role, Veronique will assume responsibility for all of Chubb’s ... Read the full article

Chubb expects a $250mn benefit from new U.S. tax law

27th December 2017

Chubb has announced an expected benefit from the new U.S. corporate tax law in excess of $250 million in the fourth quarter of 2017. This preliminary estimate reflects the one-time impact of the reduced U.S. corporate income tax rate from 35% to 20%, and the deemed repatriation of foreign subsidiary earnings ... Read the full article

Chubb names Matt Booker as Senior Vice President of U.S. Major Accounts Property

19th December 2017

Chubb has appointed Matt Booker to Senior Vice President of Major Accounts Property in the U.S. to succeed Brian Church who has moved into a position as Head of International Property for the firm's Overseas General business. Booker will assume responsibility for underwriting, strategy, production, product development, management, and profit and loss ... Read the full article

Chubb puts Q4 cat losses, including CA wildfires, at $320m net of reinsurance

30th November 2017

Global insurance and reinsurance firm Chubb has estimated its fourth-quarter 2017 catastrophe losses at $320 million before tax, with $280 million of the loss attributable to the recent California wildfires. After tax the total Q4 catastrophe loss comes down to $249 million, $215 million of which is from the ... Read the full article

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