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