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 appoints Xavier Florit as regional head of corporate, A&H
19th February 2020
Global insurer Chubb has appointed Xavier Florit as regional head of corporate, accident and health for Continental Europe. Florit has been with the company since 2016, having previously served as head of A&H for France. Before that he held several roles within the insurance industry working for both brokers and insurers. He will ... Read the full article
Chubb exploring merger deal for Saudi Arabian division
19th February 2020
Chubb Arabia Cooperative Insurance Company, the Saudi Arabian arm of global re/insurer Chubb, has said that it plans to enter into talks with Al Ahli Takaful Company about the possibility of a merger. If a merger discussion is agreed, both companies will sign a non-binding memorandum of understanding to evaluate a ... Read the full article
Chubb’s P&C combined ratio strengthens in Q4
5th February 2020
Global insurer and reinsurer Chubb has announced net income of $1.2 billion for the fourth-quarter of 2019 and a global property & casualty (P&C) combined ratio, which excludes agriculture, of 91.9%. The re/insurer announced in January that it expected its North America Agricultural Insurance unit to fall to an underwriting ... Read the full article
Chubb targets non physical damage BI with new terrorism solution
3rd February 2020
Insurer and reinsurer Chubb has launched a new Non Damage Terrorism Solutions policy offering designed to bridge gaps in traditional terrorism business interruption policies. The new product is a single policy offering protection against non damage business interruption, plus employee and customer care assistance as a result of a terrorism loss. Chubb ... Read the full article
Chubb endorses Phase One of US-China trade agreement
16th January 2020
Global re/insurance firm Chubb has issued a statement endorsing the completion of the Phase One trade agreement between the United States and China. The agreement, signed yesterday by US President Donald Trump and China’s chief negotiator, Liu He, aims to defuse parts of the trade conflict that has developed between the ... Read the full article
Chubb makes changes to European leadership team
15th January 2020
Insurer and reinsurer Chubb has announced a number of changes within its European leadership team, including the appointment of Nadia Côté as Head of Major Accounts Division for Europe, succeeding Suresh Krishnan. Krishnan takes on the role as Chief Operating Officer (COO) of Chubb North America Accident and Health. In his new ... Read the full article
Chubb, Grab launches app-based travel insurance product
15th January 2020
Global insurer Chubb has partnered with Southeast Asian ride-hailing firm Grab on an app-based travel insurance product available for customers in Singapore. ‘Travel Cover’ allows Singapore-based customers to purchase cover from S$2.50 per day for travel to any destination globally. The product is distributed by GrabInsure Insurance Agency, Grab Financial Group’s insurance ... Read the full article
Chubb puts Q4 cat losses at $430mn
15th January 2020
Global insurer and reinsurer Chubb has announced net catastrophe losses of an estimated $430 million pre-tax ($353 million after-tax) for the fourth-quarter of 2019, net of reinsurance. Chubb states that the losses are primarily a result of severe, global weather-related events, including tornadoes in Texas, the California wildfires, and also typhoon ... Read the full article
Chubb develops financial institution fidelity bond for asset managers
18th December 2019
Global re/insurer Chubb has introduced a new fidelity insurance solution to address the risks currently faced by asset managers. The Financial Institution Bond for Asset Managers provides coverage for a range of risks that can result in loss of customer capital. These risks often stem from fraudulent activities of employees, computer hacking ... Read the full article
Chubb voices approval for US-Mexico-Canada trade agreement
13th December 2019
Insurer and reinsurer Chubb has issued a statement of support for the United States-Mexico-Canada free trade agreement (USMCA), which it believes will provide many important protections for the financial services and re/insurance industries. In the US, House Democrats reached an agreement to advance the USMCA earlier this week, following months of ... Read the full article
Chubb makes $10mn equity investment in Africa’s ATI
10th December 2019
Insurer and reinsurer Chubb has made a $10 million equity investment in the African Trade Insurance Agency (ATI), making it the first global property and casualty (P&C) insurer to become a shareholder in the company. ATI is a multilateral political risk and credit insurer headquartered in Nairobi, Kenya. Established in 2001, ... Read the full article
Chubb bolsters North America Commercial Insurance Division
9th December 2019
Global re/insurer Chubb has made a series of leadership appointments to its North America commercial insurance division. Ben Rockwell has been named vice president of Chubb group and will serve as division president, Chubb middle market. He currently serves as executive vice president and Chief Underwriting Officer of North America commercial insurance. Concurrently, ... Read the full article
Chubb’s Louise Joyce named Head of Industry Practices, UK&I
5th December 2019
Louise Joyce, previously Life Sciences Manager for the UK & Ireland (UK&I) at Chubb, has been appointed as the firm's Head of Industry Practices for the UK&I, effective immediately. Joyce, who succeeds Karen Strong after her departure from the re/insurer, will continue to be based in Birmingham and report to Mark ... Read the full article
Chubb may look to acquisitions after €1.4bn senior notes offering
4th December 2019
Global insurance and reinsurance company Chubb Limited has announced the pricing of a €1.4 billion senior notes offering, the proceeds of which could be used to fund future acquisitions. The offering will consist of €700 million of 0.30% senior notes due 2024 and €700 million of 0.875% senior notes due 2029. The ... Read the full article
Chubb increases stake in Huatai Insurance Group to 46.2%
25th November 2019
Global insurer and reinsurer Chubb has reached an agreement to purchase an additional 15.3% stake in Huatai Insurance Group Company Limited, taking the firm's holding in the company to 46.2%. In March 2019, Chubb announced that it had increased its ownership in Huatai Insurance Group Company from 20% to 26.2%. Then, ... Read the full article
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