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.

The Hartford chapter “is closed” says Chubb CEO Greenberg

28th April 2021

During insurer and reinsurer Chubb's first-quarter 2021 earnings call held earlier today, Chairman and Chief Executive Officer (CEO), Evan Greenberg, said that "the chapter with The Hartford is closed." Earlier this week, U.S. property and casualty insurer The Hartford revealed that it had rejected a further two unsolicited acquisition offers ... Read the full article

Chubb’s P&C underwriting income hits $622m despite elevated cat losses

28th April 2021

Global re/insurer Chubb has announced a P&C combined ratio of 91.8% for the first-quarter of 2021 and underwriting income of $622 million, despite pre-tax catastrophe losses, net of reinsurance and including reinstatement premiums, of $700 million for the period. When compared with the first-quarter of 2020, Chubb's P&C combined ratio has ... Read the full article

WTW licences Radar Live software to Chubb

26th April 2021

Insurance Consulting and Technology broker Willis Towers Watson has licensed its pricing delivery software Radar Live to Chubb. Radar Live is designed to integrate across multiple channels and provide commercial insurers with increased pace and agility to generate and benefit from ever more sophisticated insights. Chubb will be able to leverage advanced ... Read the full article

The Hartford rejects two additional acquisition offers from Chubb 

22nd April 2021

U.S. property and casualty insurer The Hartford has rejected further unsolicited acquisition proposals from re/insurer Chubb, which in turn has expressed disappointment over a lack of engagement. Alongside the release of its first-quarter 2021 financials today, The Hartford has announced the receipt and rejection of two additional acquisition offers from global ... Read the full article

Chubb makes two senior leadership appointments

14th April 2021

Global re/insurer Chubb has announced two leadership appointments within its North America Accident and Health (A&H) business. Suresh Krishnan, Chubb's current Chief Operating Officer, North America Accident and Health, has been named Executive Vice President, Head of North America Specialty Accident and Health. In this expanded role, he will look to grow ... Read the full article

Chubb hires Lyndsey Christofer as EVP

14th April 2021

Global re/insurer Chubb has appointed Lyndsey Christofer as Executive Vice President, Construction Industry Practice Leader for its large account segment. She will oversee strategic direction whilst leading a broad team of dedicated construction underwriting and service specialists across multiple lines of business to deliver customised and innovative insurance solutions to Chubb's ... Read the full article

Chubb “disappointed” by The Hartford rejection

29th March 2021

Global re/insurer Chubb has released a statement saying it is “disappointed” by The Hartford’s decision to reject its $23.24 billion acquisition offer. The Hartford's board unanimously rejected Chubb's takover bid last week on the basis that such a transaction "would not be in the best interests of the company ... Read the full article

Allianz considering offer for The Hartford after Chubb rejection: reports

29th March 2021

German re/insurer Allianz is exploring an offer for The Hartford, after the U.S. property and casualty insurer rejected a recent offer from Chubb, according to Bloomberg reports. Bloomberg, citing people familiar the matter, reports that Allianz is discussing options with potential advisers and views The Hartford as one of the remaining ... Read the full article

49% of industry participants felt Chubb would need a higher bid to land Hartford

26th March 2021

Having approached our industry contacts following news that Chubb was lining up an acquisition attempt for rival insurer Hartford, Reinsurance News found 49% believed a higher asking price would be needed for the mega transaction to go ahead. Interestingly our findings came just hours before The Hartford’s board rejected ... Read the full article

Major re/insurance players commit $2mn to Oasis Loss Modelling Framework

23rd March 2021

A number of the world’s biggest players in re/insurance have committed additional funds to support the development of open source catastrophe modelling platform Oasis. Companies include Aon, Allianz, AXA, Chubb, Guy Carpenter, Hannover Re, Lloyd’s, RenaissanceRe, Swiss Re, SCOR, Willis Re and the Insurance Development Forum. The supporting international re/insurers and brokers ... Read the full article

The Hartford Board unanimously rejects Chubb acquisition offer

23rd March 2021

After consultation with its financial and legal advisors, The Hartford has announced that its Board of Directors has unanimously rejected re/insurer Chubb's approximately $23.24 billion acquisition offer. Following reports in the media that Chubb had approached carrier The Hartford over a potential acquisition, Chubb later confirmed it had made ... Read the full article

Chubb approaches The Hartford over $23.24bn combination

19th March 2021

Global insurer and reinsurer Chubb has confirmed that it has made an approximately $23.24 billion acquisition offer for The Hartford, valuing the firm at $65 per share. Late yesterday, reports emerged that Chubb was considering the takeover of rival insurer The Hartford. Chubb has now confirmed that on March 11th, it ... Read the full article

Chubb eyeing acquisition of rival insurer Hartford, reports

18th March 2021

It appears as though global insurer Chubb could be eyeing a takeover bid for rival carrier Hartford Financial Services, according to reports emerging from Bloomberg. Chubb is led by Chief Executive Officer Evan Greenberg and is reported to be in the process of weighing up an acquisition for a rival currently ... Read the full article

Chubb appoints Richard Shanks as Claims Director for UK&I

4th March 2021

Global re/insurer Chubb has announced the appointment of Richard Shanks as Claims Director for the UK and Ireland (UK&I). In his new role, Shanks will be responsible for the delivery of Chubb's claims service across the UK&I. He succeeds John Latter who was recently promoted to Senior Vice President, Claims Director for ... Read the full article

Chubb launches Blink digital product suite

24th February 2021

Global re/insurer Chubb has launched Blink, a new suite of consumer insurance products that will be offered via its affinity and digital broker partners. The first Blink product is personal cyber protection, currently available across 25 US states. "Consumers will have the ability to select coverage options they need now, at their ... Read the full article

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