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Chubb

Chubb income down 11% in Q3 despite underwriting improvements

30th October 2019

Global insurer and reinsurer Chubb has posted an 11.4% reduction in net income for the third quarter of 2019, despite significant improvements to its property and casualty (P&C) underwriting. Net income was recorded at $1.1 billion, compared with $1.2 billion for Q3 2018. Chubb explained that the figure was unfavourably impacted by ... Read the full article

Jonathan Poole joins Chubb as Head of Middle Market for UK & Ireland

24th October 2019

Global insurer and reinsurer Chubb has announced that Jonathan Poole is to join the company as Head of Middle Market for the UK and Ireland, effective January 6, 2020. He will arrive from Tokio Marine, where he currently serves as Head of Operations for Tokio Marine Kiln Insurance (TMKI), which was ... Read the full article

State Farm & Berkshire maintain status as top US P&C insurers

24th October 2019

State Farm and Berkshire Hathaway Specialty Insurance maintained their spots as the largest and second-largest U.S. Property and Casualty (P&C) writers in 2018, respectively, while Chubb INA Group entered the top ten. This is according to the Reinsurance News directory of the Top 100 U.S. P&C ... Read the full article

Ransomware cyber attacks on the rise, warns Chubb

24th October 2019

On the back of a significant increase from 2017 to 2018, the volume of ransomware cyber attacks in the first-half of 2019 has already outpaced the total number of claims witnessed in the whole of 2018, according to global insurer and reinsurer Chubb. The significant increase witnessed in the first-half of ... Read the full article

Chubb names Joe Vasquez as President of Combined Insurance

2nd October 2019

Global insurer and reinsurer Chubb has announced the appointment of Joe Vasquez as President of Combined Insurance, effective immediately. Vasquez was previously Senior Vice President at Chubb Group and head of the company’s global accident and health insurance business. In his new position, he succeeds Kevin Goulding, who is set to retire ... Read the full article

Louis Hobson to lead Chubb’s North America Flood Insurance division

24th September 2019

Insurer and reinsurer Chubb has appointed Louis Hobson as Senior Vice President (SVP) of Flood Insurance for North America, based in Chicago and reporting to Derek Talbott, Division President of Chubb's North America Property & Specialty Lines. In this role, Hobson will work alongside the firm's personal and commercial lines of ... Read the full article

Chubb launches new Pro ERM solution

5th August 2019

Insurer and reinsurer Chubb has announced the launch of Pro ERM, a new comprehensive offering which combines Miscellaneous Professional Liability, Media Liability, Cyber Liability, and first-party Cyber coverages with extensive loss mitigation and incident response services. Chubb states that Pro ERM, which combines numerous covers into a single policy, is an ... Read the full article

Chubb appoints Marcos Gunn to succeed Juan Luis Ortega

2nd August 2019

Chubb has announced that current Division President, Northern Latin America and Chief Operating Officer (COO) of the Latin America region, Marcos Gunn, has been appointed Senior Vice President (SVP), Chubb Group and Regional President, Latin America.  Gunn replaces and will also report to Juan Luis Ortega, who was recently appointed ... Read the full article

Chubb names Ortega EVP, Chubb Group & President, Overseas General Insurance

1st August 2019

Insurer and reinsurer Chubb has revealed that Juan Luis Ortega is to succeed Juan Andrade as Executive Vice President (EVP), Chubb Group and President, Overseas General Insurance, effective immediately. Ortega is currently Senior Vice President (SVP), Chubb Group and Regional President of Latin America, and in his new role will report ... Read the full article

Chubb appoints Janene Blizzard to A&H role for UK & Ireland, Eurasia & Africa

29th July 2019

Global insurer and reinsurer Chubb has announced the appointment of Janene Blizzard as Vice President Accident & Health (A&H) for the UK & Ireland and Eurasia & Africa region. Blizzard previously served as Head of A&H Corporate and Global Accounts UK and Ireland at Chubb. In her new role, she will have ... Read the full article

Chubb CEO notes improved, broadening pricing environment

24th July 2019

Global insurer and reinsurer Chubb has reported net income of $1.2 billion and a P&C combined ratio of 90.1% for the second-quarter of 2019, while an improved pricing environment resulted in strong premium growth for the firm. At $1.2 billion, Chubb's net income and core operating income fell slightly year-on-year, by ... Read the full article

Chubb Tempest Re hires Holland from AXIS for VP casualty treaty role

23rd July 2019

Chubb's global multi-line reinsurance unit Chubb Tempest Re has hired Christopher Holland as a Vice President focused on casualty treaty underwriting in the United States, we've learned. Holland was most recently a Vice President at AXIS Capital's reinsurance unit, AXIS Re, based in New York and underwriting largely casualty treaty business. We ... Read the full article

Chubb recognises climate change reality, says Greenberg, pulls back from coal

1st July 2019

Chubb has become the latest major re/insurer to adopt a climate policy that aims to phase out its exposure to coal-related underwriting and investment. As part of the announcement, Evan G. Greenberg, Chairman and CEO of Chubb, said that the company “recognizes the reality of climate change and the substantial impact ... Read the full article

Lloyd’s in talks with Chubb & AIG as it looks to boost U.S growth

20th June 2019

Insurance and reinsurance market Lloyd's of London is conducting talks with major insurer insurers such as Chubb and AIG as it looks to further boost its growth in the U.S, according to reports Reuters. CEO John Neal told the publication that Lloyd’s was discussing potential opportunities for the insurers to sell ... Read the full article

Chubb renews global prop cat & terrorism reinsurance at April 1st

6th May 2019

Global insurer Chubb has disclosed the terms of its reinsurance buying at the April 1, 2019 renewals, which saw it renew both its global property catastrophe and terrorism coverages. The company explained that the global property cat program, which applies to its North American and International operations, was renewed with modest ... Read the full article

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