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 expects pre-tax losses of up to $300m from hurricane Milton
4th November 2024
Global property and casualty insurer Chubb has disclosed losses of approximately $250-300 million pre-tax and $208-250 million after-tax, net of reinsurance and including reinstatement premium, in its Q4 2024 results stemming from Hurricane Milton. Chubb confirmed that these estimates include losses from its commercial and personal, property and casualty insurance businesses, ... Read the full article
Chubb appoints new Latin America leaders
1st November 2024
Global property and casualty insurer Chubb has announced the appointment of Mario Romanelli as Regional President South America and Diego Sosa as Regional President Northern Latin America, effective immediately. Romanelli will leverage his two decades of industry experience to lead Chubb’s regional office in Miami as well as the company’s operations ... Read the full article
Howden launches new cyber insurance solution backed by Mosaic, Chubb and LSM
31st October 2024
Global insurance intermediary group Howden has launched Howden Safe+, a cyber insurance solution developed in partnership with Safe Security aimed at clients with revenues between $250 million and $2 billion. Backed by Mosaic Insurance, Chubb and Liberty Specialty Markets, Howden Safe+ reportedly enables quicker risk assessment without compromising coverage quality. Clients are ... Read the full article
Chubb’s Q3 P&C underwriting income climbs 12% to $1.5bn
30th October 2024
Global property and casualty insurer Chubb has reported P&C underwriting income for Q3 2024 of $1.46 billion, up 11.7% from the same period in 2023, with a combined ratio of 87.7%. This occurred despite the firm disclosing pre-tax catastrophe losses of $765 million in Q3, including $250 million from Hurricane Helene, ... Read the full article
Chubb unveils Construction Industry Practice in UK & Ireland
14th October 2024
Chubb, the global property and casualty insurer, has launched its new Construction Industry Practice in the UK and Ireland, bringing together specialist underwriters, risk engineers and claims executives across multiple risk areas to create one customer and broker centric proposition. Chubb's new Construction Industry Practice is situated across the firm's branch ... Read the full article
Insurance to play crucial role in the growth of digital payments ecosystem: Chubb
1st October 2024
A new survey from global property and casualty insurer Chubb has highlighted the rising impact of cyber fraud on consumer trust and behavior. The survey, which was conducted across the US, Mexico, Brazil, Indonesia, Singapore, the Philippines, Thailand, and Vietnam, reveals that 61% of respondents have altered their use of digital ... Read the full article
Ben McGregor becomes Chubb’s Head of Property & Terrorism, UK and Ireland
18th September 2024
Global property and casualty insurer Chubb has announced the appointment of Ben McGregor as Head of Property & Terrorism, UK and Ireland. In his new role, he will be responsible for leading, managing and developing the Property and Terrorism portfolios in the UK and Ireland. McGregor is a strong commercial property insurance ... Read the full article
Chubb hires QBE’s Greg Giardiello as Global Controller
4th September 2024
Chubb has announced the appointment of Greg Giardiello as Global Controller, succeeding Mong-Diep "Dee" Le, who was recently named Chubb's Chief Auditor. Based in Chubb's Philadelphia office, Giardiello will be reporting to George Ohsiek, Vice President, Chubb Group and Chief Accounting Officer. "Adding outside skills and perspectives to the deep knowledge and ... Read the full article
Chubb names Amelie Fava-Verde as SVP, NA, Chubb Resilience Services
27th August 2024
Global property and casualty (P&C) insurer Chubb has appointed Amelie Fava-Verde to the newly created role of Senior Vice President of North America Chubb Resilience Services. In her new role, Fava-Verde’s remit includes building and leading a team focused on the development and delivery of resilience and recovery services. This position aims ... Read the full article
Christofer named EVP, Head of North America Casualty for Major Accounts, Chubb
15th August 2024
Chubb, the global property and casualty (P&C) insurer, has appointed Lyndsey Christofer as Executive Vice President, Head of North America Casualty for Major Accounts. Based in New York, Christofer brings more than two decades of expertise across the insurance sector towards her new role. She has been an integral part of Chubb ... Read the full article
Chubb makes senior appointments in finance segment
13th August 2024
Global property and casualty (P&C) insurer Chubb has announced three executive appointments in its finance organisation, effective September 4th, 2024. George Ohsiek has been named Vice President of Chubb Group and Chief Accounting Officer, succeeding Annmarie Hagan. Hagan has been appointed Vice President of Chubb Group and Chief Financial Officer of Operations, ... Read the full article
Chubb appoints Leander Metzger as Regional Executive Officer, Eastern Region, EMEA
2nd August 2024
Global property and casualty (P&C) insurer Chubb has appointed Leander Metzger as Regional Executive Officer, Eastern Region, for Continental Europe, Middle East & North Africa (EMEA), effective January 1st, 2025. Metzger will be based in Frankfurt and report to Peter Kelaher, Division President of Chubb Continental Europe, Middle East, and Africa. ... Read the full article
Chubb raises retention and top of US property cat reinsurance tower
29th July 2024
Large primary insurer Chubb successfully renewed its Global Property Catastrophe Reinsurance Program for its North American and International operations, significantly raising the retention for the North American program while adding a new layer of per occurrence coverage for named windstorms and earthquakes within Northeast states. Chubb’s renewed global property cat reinsurance ... Read the full article
Chubb’s P&C underwriting results improve despite elevated cat losses
24th July 2024
Global property and casualty (P&C) insurer Chubb has reported Q2 2024 P&C underwriting income of $1.42 billion with a combined ratio of 86.8%, despite a rise in pre-tax catastrophe losses, net of reinsurance, to $580 million. In the second quarter of 2024, Chubb's P&C underwriting income increased 0.5% year-on-year as the ... Read the full article
Chubb appoints Peter Kelaher as Division President of Continental EMEA
16th July 2024
Global property and casualty insurer Chubb has appointed Peter Kelaher as Division President of Continental Europe, Middle East and North Africa (EMEA), subject to regulatory approval. The appointment is expected to be effective September 1st, 2024. Based in Paris, Kelaher succeeds Sara Mitchell, who will be leaving Chubb. Kelaher will report to ... Read the full article
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