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Reinsurance News


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

Chubb’s Tony Jordan joins AXIS Capital as Group Chief Actuary

2nd May 2019

AXIS Capital Holdings Limited has appointed global re/insurer Chubb's Tony Jordan as its new Group Chief Actuary, reporting to Peter Vogt, AXIS Capital's Group Chief Financial Officer (CFO). Based in the firm's London office, Jordan will be responsible for overseeing AXIS Capital's corporate actuarial function, which includes reserving functions, capital modelling ... Read the full article

Chubb CEO praises “best markets in years”, posts $1bn Q1 net income

1st May 2019

Evan Greenberg, Chairman and Chief Executive Officer of Chubb, has described US commercial, London wholesale and certain other international markets as the “best we have seen in a number of years.” His remarks come as the global insurer today posted a $1 billion net income for the first quarter of 2019, ... Read the full article

Chubb names Head of Financial Institutions UK & Ireland, Global Markets

10th April 2019

Chubb has named Jonathan Kennett as the new Head of Financial Institutions for the UK and Ireland and Chubb Global Markets, the firm's London Market wholesale and specialty division. The appointment is effective immediately and sees Kennett report to Matthew Shaw, Division President, Chubb Global Markets and Hilda Toh, Financial Lines ... Read the full article

Chubb handed permission to set up Myanmar life insurance subsidiary

9th April 2019

Global insurer Chubb has been revealed as one of the five foreign firms handed permission by the government of Myanmar to establish a 100% owned life insurance subsidiary within its borders. Other insurers given the green light include Japan’s Dai-ichi Life Insurance, Manufacturers Life Insurance Company Canada, AIA, and Prudential Hong ... Read the full article

Cyber criminals increasingly targeting SMEs: Chubb report

9th April 2019

Small and medium sized enterprises are increasingly falling victim to cyber attacks orchestrated by hackers able to take advantage of their sub-par security systems and processes, according to a report by global insurer Chubb. Ransomware attacks, which typically utilise malicious software to block a business' network until a ransom is paid, ... Read the full article

Chubb adds policy translation feature to Worldview platform

2nd April 2019

Chubb has announced the addition of new features and improved functionality to its proprietary digital Worldview platform in order to better serve its multinational clients and brokers. The most notable of these enhancements is a new policy translation solution that is powered by machine automated technology and exclusive to Chubb and ... Read the full article

Chubb Bermuda names Richard Porter SVP, Head of Financial Lines

27th March 2019

Currently General Counsel for Chubb Bermuda, Richard Porter has been appointed Senior Vice President (SVP), Head of Financial Lines at the firm, reporting to Judy Gonsalves, Vice President (VP) of Chubb Group and Division President, Chubb Bermuda. He brings more than twenty years of industry experience to the role, and will ... Read the full article

Chubb appoints new Division Head of A&H for Singapore

22nd March 2019

Global insurer Chubb has named Serene Neo as Division Head of Accident & Health (A&H) for Singapore, effective March 25th. Reporting to Chubb's Country President for Singapore, Scott Simpson, Neo takes responsibility for leading the company's A&H Division. She joins the firm with more than 15 years industry experience in banking and financial ... Read the full article

Chubb confirmed as lead insurer for Ethiopian Airlines crash, WTW as broker

11th March 2019

Reports have confirmed that Chubb was the lead underwriter on the account for the Ethiopian Airlines jet that crashed on 10 March, while Willis Towers Watson (WTW) acted as the insurance broker. A WTW spokeswoman revealed today that Chubb and WTW would be liable for losses resulting from the crash, which ... Read the full article

Chubb increases stake in China’s Huatai Insurance Group

6th March 2019

Global insurer Chubb Limited has increased its ownership in Huatai Insurance Group Company, making it the first domestic Chinese financial services holding company to convert to a Sino-foreign equity joint venture. The company received approval from the China Banking and Insurance Regulatory Commission to increase its stake in Huatai Group from ... Read the full article

Chubb appoints Mark Hammond as Treasurer

5th March 2019

Global insurer Chubb has announced the appointment of Mark Hammond as Treasurer, effective March 1. He replaces Ken Koreyva, a Chubb Group Senior Vice President who will step down from his current position and assume a new senior advisory role. Hammond currently serves as Executive Vice President and Chief Financial Officer for ... Read the full article

Chubb, Impact Forecasting team up on new terrorism risk model

4th March 2019

Global insurer Chubb has partnered with Aon’s Impact Forecasting on a terrorism risk model, designed for deployment in dense urban environments such as Manhattan, that is able to distinguish between facade and structural damage as well as determine the likelihood that a building will collapse. Risk modelling specialists from both firms ... Read the full article

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