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 handed permission to set up Myanmar life insurance subsidiary

9th April 2019

Global insurer Chubb has been revealed as one of the five foreign firms handed permission by the government of Myanmar to establish a 100% owned life insurance subsidiary within its borders. Other insurers given the green light include Japan’s Dai-ichi Life Insurance, Manufacturers Life Insurance Company Canada, AIA, and Prudential Hong ... Read the full article

Cyber criminals increasingly targeting SMEs: Chubb report

9th April 2019

Small and medium sized enterprises are increasingly falling victim to cyber attacks orchestrated by hackers able to take advantage of their sub-par security systems and processes, according to a report by global insurer Chubb. Ransomware attacks, which typically utilise malicious software to block a business' network until a ransom is paid, ... Read the full article

Chubb adds policy translation feature to Worldview platform

2nd April 2019

Chubb has announced the addition of new features and improved functionality to its proprietary digital Worldview platform in order to better serve its multinational clients and brokers. The most notable of these enhancements is a new policy translation solution that is powered by machine automated technology and exclusive to Chubb and ... Read the full article

Chubb Bermuda names Richard Porter SVP, Head of Financial Lines

27th March 2019

Currently General Counsel for Chubb Bermuda, Richard Porter has been appointed Senior Vice President (SVP), Head of Financial Lines at the firm, reporting to Judy Gonsalves, Vice President (VP) of Chubb Group and Division President, Chubb Bermuda. He brings more than twenty years of industry experience to the role, and will ... Read the full article

Chubb appoints new Division Head of A&H for Singapore

22nd March 2019

Global insurer Chubb has named Serene Neo as Division Head of Accident & Health (A&H) for Singapore, effective March 25th. Reporting to Chubb's Country President for Singapore, Scott Simpson, Neo takes responsibility for leading the company's A&H Division. She joins the firm with more than 15 years industry experience in banking and financial ... Read the full article

Chubb confirmed as lead insurer for Ethiopian Airlines crash, WTW as broker

11th March 2019

Reports have confirmed that Chubb was the lead underwriter on the account for the Ethiopian Airlines jet that crashed on 10 March, while Willis Towers Watson (WTW) acted as the insurance broker. A WTW spokeswoman revealed today that Chubb and WTW would be liable for losses resulting from the crash, which ... Read the full article

Chubb increases stake in China’s Huatai Insurance Group

6th March 2019

Global insurer Chubb Limited has increased its ownership in Huatai Insurance Group Company, making it the first domestic Chinese financial services holding company to convert to a Sino-foreign equity joint venture. The company received approval from the China Banking and Insurance Regulatory Commission to increase its stake in Huatai Group from ... Read the full article

Chubb appoints Mark Hammond as Treasurer

5th March 2019

Global insurer Chubb has announced the appointment of Mark Hammond as Treasurer, effective March 1. He replaces Ken Koreyva, a Chubb Group Senior Vice President who will step down from his current position and assume a new senior advisory role. Hammond currently serves as Executive Vice President and Chief Financial Officer for ... Read the full article

Chubb, Impact Forecasting team up on new terrorism risk model

4th March 2019

Global insurer Chubb has partnered with Aon’s Impact Forecasting on a terrorism risk model, designed for deployment in dense urban environments such as Manhattan, that is able to distinguish between facade and structural damage as well as determine the likelihood that a building will collapse. Risk modelling specialists from both firms ... Read the full article

PartnerRe adds Chubb’s Jacques Bonneau to Board of Directors

20th February 2019

Bermuda-based reinsurer PartnerRe has announced the addition of Jacques Bonneau to its Board of Directors, effective February 20. Bonneau joins from Chubb where he served as Group Chief Underwriting Officer between 2014 and 2017. Previously, he served a the Chief Executive Officer of Chubb Tempest Re Group from 2005 for nine years. Prior ... Read the full article

Chubb enters 15-year distribution agreement with Banco de Chile

28th January 2019

Global insurer Chubb has entered into a 15-year distribution agreement with the largest bank based in Chile, Banco de Chile. The new agreement sees Chubb utilise multiple Banco de Chile distribution channels for its life and general insurance solutions. Banco de Chile's distribution avenues include in-branch, automated teller machines, direct marketing ... Read the full article

Chubb’s ABR Reinsurance hires Ramlal as Underwriting Director

21st January 2019

ABR Reinsurance Capital Holdings, the self-reinsurance vehicle jointly operated by Chubb and investment management firm Blackrock, has appointed Sean Ramlal as an Underwriting Director. Ramlal joined ABR Re in November 2018 from QBE Reinsurance, where he served for the previous four years as Vice President, Treaty Underwriter. At QBE Re, he was responsible ... Read the full article

Chubb pegs pre-tax Q4 cat losses at $585m

21st January 2019

Global re/insurer Chubb has released an updated Q4 catastrophe loss estimate of $585 million ($505 million after tax), a figure which includes previously reported costs incurred by the California wildfires and hurricane Michael. The Camp and Woolsey wildfires destroyed more than 20,000 structures between them after springing up in California’s ... Read the full article

Chubb completes move to France ahead of Brexit

2nd January 2019

Chubb European Group has completed its planned move from London to France as part of its preparations for the UK’s departure from the European Union (EU) in March 2019. The redomicile to Paris is effective from 1 January and aims to provide Chubb customers with continuous, uninterrupted service regardless of the ... Read the full article

Chubb estimates Q4 wildfire losses at $225mn

4th December 2018

Global insurer and reinsurer Chubb has estimated that it will incur roughly $225 million pre-tax ($195 million after tax) of catastrophe losses attributable to the California wildfires over the fourth quarter of 2018. This estimate does not include losses from other global weather and catastrophe events over Q4, such as Hurricane ... Read the full article