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 bolsters leadership within NA financial lines division
29th December 2022
Global insurer Chubb has announced that it has promoted four executives in its North America (NA) Financial Lines Division. Effective immediately the company has promoted Jarrod Schlesinger to Chief Operating Officer, Scott Williams to Executive Vice President, Private/Not-for-Profit (PNP) Practice Leader and Chief Underwriting Officer, Jennifer Riley to Executive Vice President, Head of Digital Strategy & ... Read the full article
Chubb names Teresa Black EVP, COO of North America surety
28th December 2022
Property and Casualty insurer Chubb, has announced the appointment of Teresa Black Executive Vice President, Chief Operating Officer of North America Surety. In her new role, Black will have responsibility for the underwriting, strategy and profitable growth of Commercial and Construction Surety businesses in North America. Based in New York, she will ... Read the full article
Chubb gains greater market penetration in China with Huatai deal
19th December 2022
According to GlobalData, Chubb's increased stake in Huatai Insurance Group from 47.3% to 83.2% will allow the firm to bolster its life insurance business in the Asia-Pacific region, giving access to Huatai’s 19 million customer base and a network of 400 branches and 23,000 agents, spread across 20 out of ... Read the full article
Chubb hires Peloso as Global Climate Officer
15th December 2022
Chubb Limited has appointed Margaret Peloso as Senior Vice President, Chubb Group, Global Climate Officer and Executive Director of the Chubb Charitable Foundation. Peloso joins Chubb from Vinson & Elkins, where she served as the law firm's Lead Sustainability Partner, where she held responsibility for integrating sustainability and environmental, social and ... Read the full article
Chubb to launch new tech hub in Greece
13th December 2022
Property and casualty insurer Chubb has announced plans to launch a new technology services center in Thessaloniki, Greece in early 2023. Technical engineers and developers employed at the center will look to drive initiatives in areas such as intelligent process automation, machine learning, cloud, and data analytics, as well as cybersecurity ... Read the full article
Chubb appoints Alex O’Brien to role of head of cargo at CGM
8th December 2022
Chubb has appointed Alex O’Brien as its new head of cargo for its wholesale and specialty business Chubb Global Markets (CGM). The firm said in a statement that O'Brien will be responsible for leading the development and management of the CGM Cargo portfolio. He will be based in London and report to ... Read the full article
Chubb names Mollica Division President for North America Financial Lines
5th December 2022
Chubb has appointed Michael Mollica as Division President for the company's North America Financial Lines businesses, where he will report to John Lupica, Vice Chairman, Chubb Group and President, North America Insurance. Mollica’s appointment is effective immediately. He succeeds Steve Goldman, who Chubb has announced has left the company. Currently, Mollica serves as Executive Vice President, ... Read the full article
Chubb names Carene Madden Financial Lines Manager for UKISA region
2nd December 2022
P&C insurance company Chubb has appointed Carene Madden as Financial Lines Manager for the United Kingdom, Ireland and South Africa (UKISA.) Based in London, Madden will report to Hilda Toh - Property and Casualty Chief Underwriting Officer for UKISA. Madden’s appointment is effective in the second quarter of 2023. Within this role, Madden will be responsible for managing and ... Read the full article
Chubb appoints Real Estate & Hospitality Industry Practice Leader
30th November 2022
Chubb has named Lyndsey Christofer as Real Estate & Hospitality (REH) Industry Practice Leader, a role that will see her oversee the strategic direction of the practice and lead Chubb's REH-dedicated underwriting, risk consulting and claims specialists. In her new role, Christofer will also oversee Chubb's primary casualty line of business ... Read the full article
Chubb increases stake in Huatai Insurance Group to 83.2%
18th November 2022
Chubb Limited has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase its ownership in Huatai Insurance Group Company Limited from 47.3% to 83.2%. In November 2019, Chubb announced that it had increased its ownership in Huatai Insurance Group Company from 30.9% to 46.2%. Chubb noted that ... Read the full article
BOC Aviation sues 16 insurance companies over Russia losses
16th November 2022
BOC Aviation, a Singapore-headquartered aircraft lessor, has begun legal action against 16 insurance companies, including Lloyd’s of London, Chubb European Group, AIG Europe and Swiss Re, over losses linked to Russia-Ukraine war, according to a Reuters report. The proceedings were issued in the High Court on November 3, 2022. In August, the ... Read the full article
Chubb promotes Howell to lead Consumer business in Asia Pacific
14th November 2022
Global insurer, Chubb has promoted Ben Howell to Regional Head of Consumer, APAC for its general insurance business in the Asia Pacific region. Currently, Howell serves as Regional Head of Accident & Health (A&H) for Asia Pacific at Chubb. Within this new role, he will be responsible for the financial performance of ... Read the full article
Chubb Studio expands tech features
7th November 2022
Chubb has announced that its global integration platform, Chubb Studio, has introduced new features that can embed insurance into the digital environments of its distribution partners more easily. The platform's three new features provide Chubb's distribution partners with access to Chubb-developed software development kits (SDKs) that enable the company's partners to ... Read the full article
Chubb hires Turberville from AGCS to lead Hull for Global Markets division
3rd November 2022
Chris Turberville has decided to leave Allianz Global Corporate & Specialty (AGCS) to join global insurer Chubb as its new Head of Hull for Chubb Global Markets, the firm's London Market wholesale and specialty business including its Lloyd's platform. In his new role, Turberville assumes responsibility for the management, oversight, and ... Read the full article
Chubb sees net income plummet in Q3 2022
26th October 2022
Chubb is reporting that its net income in Q3 2022 was $812m, down from $1.83bn in Q3 2021. The firm is also reporting that net income between the two periods fell from $6.4bn to $4bn. It said that net income in the quarter was adversely impacted by realized losses of $502m ... Read the full article
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