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 supports debt-for-nature restructuring project in Belize

30th December 2021

Chubb is supporting the U.S. International Development Finance Corporation's (DFC) participation in a landmark debt restructuring and ocean conservation project in Belize. Chubb Global Markets and Sovereign Risk Insurance, along with other private insurers, provided $300 million of reinsurance to DFC in an innovative political risk insurance transaction designed to help ... Read the full article

Paul Johnstone named COO of Chubb Canada

29th December 2021

Global insurer Chubb has announced the promotion of Paul Johnstone to Chief Operating Officer (COO) of its Canadian operation, reporting to John Alfieri, President of Chubb Canada.  In his new role, Johnstone assumes executive operating responsibility for the company's retail property and casualty insurance business, including its high-net-worth personal ... Read the full article

Chubb names two P&C appointments in North America

17th December 2021

Global insurance carrier Chubb has made two new appointments within its North America commercial property and casualty businesses, in a bid to strengthen its primary and excess casualty and multinational field organisations as well as key industry practices. Seth Gillston, Chubb's current Private Equity and Real Estate & Hospitality Industry Practice ... Read the full article

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