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 in $800m sex abuse settlement with Boy Scouts
14th December 2021
Global insurance carrier Chubb has announced that its subsidiaries have agreed to pay $800 million to the Boy Scouts of America (BSA) as a contribution towards a compensation trust for sex abuse survivors. The BSA filed for bankruptcy back in February 2020 after facing hundreds of individual lawsuits and at least ... Read the full article
Chubb names Fran O’Brien as Deputy Chief Risk Officer
10th December 2021
Chubb has announced the appointment of Fran O'Brien to the position of Deputy Chief Risk Officer. In this role, O'Brien will help support all Chubb's enterprise risk management activities including strategy, management framework and related processes across the company. Concurrently, Ana Robic, who currently serves as Chief Operating Officer, North America Personal ... Read the full article
Chubb names Janet Edey as Financial Lines Manager, UKISA
25th November 2021
Chubb has appointed Janet Edey, previously Management Liability Manager, Financial Lines for the UK, Ireland and South Africa (UKISA), as Financial Lines Manager for the unit. In this role, Edey will be responsible for managing and developing the growth of Chubb's Financial Lines business in UKISA. She will be based in London ... Read the full article
Chubb sees Q3 net income rise 54% despite $1bn+ of catastrophe losses
27th October 2021
U.S.-based insurer and reinsurer, Chubb, has announced strong net income of $1.83 billion for the third quarter of 2021, alongside an improved P&C underwriting performance in spite of higher losses from catastrophe events. Year-on-year, Chubb's net income increased by 53.5% in the third quarter of this year, while core operating income ... Read the full article
Chubb acquires Cigna A&H businesses for $5.75bn
8th October 2021
Global insurance carrier Chubb has agreed to acquire Cigna Corporation’s life, accident and supplemental benefits businesses in seven countries for a cash consideration of $5.75 billion. Chubb Chairman and CEO Evan G. Greenberg noted that Cigna’s business is “overwhelmingly A&H,” and will help to “rebalance” its global portfolio in the Asia ... Read the full article
Chubb appoints Kevin Rampe to lead North America claims
7th October 2021
Insurer Chubb has named Kevin Rampe Head of North America Claims, a role previously occupied by Bill Hazelton. Rampe previously served as Chubb's Global Deputy General Counsel and in his new role will oversee all aspects of Chubb's North America commercial and personal lines claims. Additionally, he will also oversee efforts to ... Read the full article
Chubb announces senior promotions
6th October 2021
Chubb has appointed Peter Tucker to a newly created position within its North America Field Operations, as Executive Vice President, National Distribution. In his new role, Tucker will be responsible for overseeing Chubb's enterprise-wide engagement with key brokerage and agency partners that are consolidating from traditionally independent companies into national or ... Read the full article
Chubb names Head of Cyber & Tech for Overseas General Insurance
15th September 2021
Chubb has announced the appointment of Raheila Nazir as Head of Cyber & Technology for Overseas General Insurance, the company's international general insurance business. In this role, she will lead Chubb's international Cyber & Technology practice and be responsible for overseeing underwriting, strategy, product and business development, and financial performance. Nazir was ... Read the full article
Chubb promotes Barnett to EVP, head of North America Construction Surety
27th August 2021
Global insurance carrier Chubb has appointed Richard Barnett Executive Vice President, head of North America Construction Surety. Barnett will be responsible for the underwriting, strategy and product management of construction surety products and services offered through Chubb's global large accounts segment. He will report to Stephen Haney, Vice President, Chubb Group, and ... Read the full article
Chubb makes senior hires within NA Property and Wholesale Excess & Surplus business
25th August 2021
Chubb has announced leadership appointments within its North America Property business unit and in its wholesale excess and surplus lines division. Matt Booker has been appointed Executive Vice President, Westchester Property and Inland Marine. In his new role, he will have responsibility for leading new business development, strategic direction, and implementation of ... Read the full article
Chubb promotes Hilda Toh to P&C CUO for UK, Ireland & South Africa
6th August 2021
Global insurer Chubb has announced that Hilda Toh has succeeded Mark Roberts as Property and Casualty (P&C) Chief Underwriting Officer (CUO) for the United Kingdom, Ireland and South Africa (UKISA), effective immediately. In her new role, Toh will be based in London; taking over from Roberts who was recently appointed Division ... Read the full article
Chubb’s Q2 net income improves significantly to $2.27bn
28th July 2021
Global insurance carrier Chubb has reported net income of $2.27 billion for the second-quarter of 2021 against a net loss of $331 million a year earlier, as catastrophe losses fell significantly, year-on-year. Alongside the robust improvement in net income, Chubb's operating income also swelled in Q2 2021, reaching $1.6 billion compared ... Read the full article
Chubb authorises $5bn one-time share repurchase program
20th July 2021
Global insurer Chubb has authorised a new one-time incremental share repurchase program of up to $5 billion through to the end of June next year. The company's existing share repurchase authorisation of $2.5 billion has $65 million remaining, which would be used prior to the share repurchase program. The timing and volume ... Read the full article
Chubb bolsters senior UK & Ireland Casualty team with two new hires
16th July 2021
Global insurer Chubb has announced two senior appointments to its United Kingdom & Ireland (UK&I) Casualty team. Ben Campey has been appointed London Corporate Casualty Manager, while Chris Templeton becomes UK&I Construction Casualty Manager. Campey will be responsible for leading and growing Chubb's London Middle Market casualty portfolio, working alongside business development ... Read the full article
Chubb makes series of key EMEA appointments
29th June 2021
Global insurer Chubb has announced a series of senior leadership appointments in the Europe, Middle East and Africa (EMEA) region. Sara Mitchell is appointed Division President of Continental Europe, Middle East and North Africa. She will be responsible for Chubb's property and casualty, accident and health and consumer lines operations across 26 ... Read the full article
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