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 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

Chubb partners with Chinese insurance giant PICC

28th November 2017

Chubb has entered into a strategic cooperation agreement with China's largest property and casualty insurer, PICC Property & Casualty Company. The agreement enables PICC to leverage Chubb's global capabilities and is in line with the Chinese government's drive to promote international expansion and cooperation to support its "One Belt Road" initiative. "For ... Read the full article

Market at the start of a “firming price environment,” says Chubb’s Greenberg

27th October 2017

Evan Greenberg, the Chairman and Chief Executive Officer (CEO) of global re/insurer Chubb, believes insurance and reinsurance markets are at the start of a firming price environment, after years of a softened market state. Chubb announced third-quarter 2017 after-tax catastrophe losses of $1.525 billion, which drove the firm to a net ... Read the full article

Chubb names Edward Rayfield as Head of Casualty, Singapore

13th October 2017

Chubb has named Edward Rayfield as Head of Casualty in Singapore, moving from a role as Casualty Manager of the Chubb Australia Global Broker Unit NSW & ACT. In his new role, he reports to Liam Burrell, Division Head of Property & Casualty (P&C). Country President for Chubb in Singapore, Adam Clifford, ... Read the full article

Chubb puts hurricane Maria loss at $220m, Mexico quakes at $25m

2nd October 2017

Insurance and reinsurance firm Chubb has estimated that hurricane Maria will cost the company up to $220 million of pre-tax losses, while the two Mexico earthquakes add another $25 million to the third-quarter toll. Chubb has already announced an estimated pre-tax loss of $1.6 billion for hurricanes Harvey and Irma, ... Read the full article

Chubb puts combined Harvey & Irma loss at up to $1.6 billion

28th September 2017

Global insurer Chubb has said that it expects to experience losses of up to $1.6 billion pre-tax ($1.28bn after tax) in the third-quarter of 2017 as a result of the impacts of hurricanes Harvey and Irma. A number of insurers and reinsurers have now started to announce preliminary loss estimates for ... Read the full article

Chubb launches innovative Flight Delay cover with App in the Air

15th September 2017

Flight Delay Insurance, a new innovative insurance solution for airline travellers has been launched by global insurer Chubb and App in the Air. The solution was underwritten by Chubb's European group in collaboration with reinsurance giant Swiss Re and FlightStats, and will be made available to UK App in the ... Read the full article

Chubb selects France as post-Brexit EU headquarters

13th September 2017

Should the UK leave the European Union (EU) in March 2019, following the Brexit vote, Chubb Limited plans to locate its EU headquarters in France, subject to receiving the necessary regulatory and other governmental approvals. Chubb has said that it will continue to have a significant presence in London post-Brexit, as well ... Read the full article

Chubb releases new cyber cover policies

31st August 2017

In response to increasing demand for cyber protection as threat of systemic cyber attacks grows, Chubb has released two new policy forms Cyber Enterprise Risk Management (Cyber ERM) and DigiTech® Enterprise Risk Management (DigiTech® ERM). The new policies combine cyber cover with extensive loss mitigation and incident response services, to provide clients ... Read the full article

Chubb names Gschossmann Head of Financial Lines, Singapore

22nd August 2017

Johannes Gschossmann has been appointed as Head of Financial Lines in Singapore at insurer and reinsurer Chubb, reporting to Liam Burrell. Gschossmann joined the firm on July 12th, 2017 from Allianz, where he was overseeing the insurer's financial lines business in Singapore and Southeast Asia. In his new role he will ... Read the full article

Chubb rehires Barbara Sandelands to lead North America unit

17th August 2017

Chubb has named Barbara Sandelands Executive Vice President (EVP) and Customarq Package Product Manager for its North America Commercial Insurance division. As EVP she'll lead the product, system development, and distribution management of the Customarq package policy, which offers middle market clients property and liability insurance protection through 48 offices throughout the U. S. ... Read the full article

Chubb UK & Ireland promotes Savvas to Head of PI

4th August 2017

Chubb UK and Ireland has announced the promotion of Chris Savvas to Head of PI as it looks to develop and improve its capabilities in financial lines and the professional indemnity sector. The appointment is effective immediately and is a promotion from Savvas' previous position of Senior PI Underwriter. He will be ... Read the full article

McLaughlin named EVP & Property Manager, NA Commercial Insurance, Chubb

24th July 2017

Michelle McLaughlin has been named as the new Executive Vice President (EVP) and Property Manager for property and casualty insurer, Chubb's North America Commercial Insurance unit, replacing Edward Radzinski. McLaughlin has 25 years of experience working with Chubb, and most recently held the position of Package Property Manager for Commercial Insurance. In her new role, she ... Read the full article

Ross Bertossi appointed Vice President of Global Underwriting, Chubb

13th July 2017

Ross Bertossi has been announced as the new Vice President of Global Underwriting for Chubb Group, succeeding Jacques Bonneau who is to retire at the end of the year after nearly 40 years in the insurance and reinsurance industry. Bertossi held the position of Executive Vice President, Excess Casualty, North America Insurance ... Read the full article