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.

49% of industry participants felt Chubb would need a higher bid to land Hartford

26th March 2021

Having approached our industry contacts following news that Chubb was lining up an acquisition attempt for rival insurer Hartford, Reinsurance News found 49% believed a higher asking price would be needed for the mega transaction to go ahead. Interestingly our findings came just hours before The Hartford’s board rejected ... Read the full article

Major re/insurance players commit $2mn to Oasis Loss Modelling Framework

23rd March 2021

A number of the world’s biggest players in re/insurance have committed additional funds to support the development of open source catastrophe modelling platform Oasis. Companies include Aon, Allianz, AXA, Chubb, Guy Carpenter, Hannover Re, Lloyd’s, RenaissanceRe, Swiss Re, SCOR, Willis Re and the Insurance Development Forum. The supporting international re/insurers and brokers ... Read the full article

The Hartford Board unanimously rejects Chubb acquisition offer

23rd March 2021

After consultation with its financial and legal advisors, The Hartford has announced that its Board of Directors has unanimously rejected re/insurer Chubb's approximately $23.24 billion acquisition offer. Following reports in the media that Chubb had approached carrier The Hartford over a potential acquisition, Chubb later confirmed it had made ... Read the full article

Chubb approaches The Hartford over $23.24bn combination

19th March 2021

Global insurer and reinsurer Chubb has confirmed that it has made an approximately $23.24 billion acquisition offer for The Hartford, valuing the firm at $65 per share. Late yesterday, reports emerged that Chubb was considering the takeover of rival insurer The Hartford. Chubb has now confirmed that on March 11th, it ... Read the full article

Chubb eyeing acquisition of rival insurer Hartford, reports

18th March 2021

It appears as though global insurer Chubb could be eyeing a takeover bid for rival carrier Hartford Financial Services, according to reports emerging from Bloomberg. Chubb is led by Chief Executive Officer Evan Greenberg and is reported to be in the process of weighing up an acquisition for a rival currently ... Read the full article

Chubb appoints Richard Shanks as Claims Director for UK&I

4th March 2021

Global re/insurer Chubb has announced the appointment of Richard Shanks as Claims Director for the UK and Ireland (UK&I). In his new role, Shanks will be responsible for the delivery of Chubb's claims service across the UK&I. He succeeds John Latter who was recently promoted to Senior Vice President, Claims Director for ... Read the full article

Chubb launches Blink digital product suite

24th February 2021

Global re/insurer Chubb has launched Blink, a new suite of consumer insurance products that will be offered via its affinity and digital broker partners. The first Blink product is personal cyber protection, currently available across 25 US states. "Consumers will have the ability to select coverage options they need now, at their ... Read the full article

Chubb hires two for North America Financial Lines

12th February 2021

Global re/insurer Chubb has announced two new leadership appointments for its North America Financial Lines division. Michael Mollica, Executive Vice President, has been appointed to lead Chubb's Private/Not-For-Profit Management Liability business within the North America Financial Lines. Mollica will be succeeding Leigh Anne Sherman, who has been appointed Division President of ... Read the full article

Aon & Chubb launch digital insurance platform for SMEs in France

11th February 2021

Global insurance and reinsurance broker Aon has partnered with Chubb to provide small and medium-sized businesses in France with an efficient means to understand coverage options and purchase insurance online. The new digital Aon platform in France is powered by the broker's CoverWallet company, offers more than 10 insurance products from ... Read the full article

Chubb promotes Parmar & Crosby to senior reinsurance roles

10th February 2021

Chubb has announced the appointments of Sunil Parmar and Alexander to leadership positions within the Reinsurance team at Chubb Overseas General, its international general insurance business. Parmar and Crosby, who have been jointly promoted to the role of Senior Reinsurance Officer, Chubb Overseas General (COG), will now co-lead Chubb’s Ceded Reinsurance ... Read the full article

Chubb creates new energy team for Global Markets

10th February 2021

Global re/insurer Chubb has created a new energy team in Chubb Global Markets (CGM), which will underwrite large corporate energy customers in EMEA, Asia Pacific and Latin America. CGM comprises Chubb's London market wholesale and specialty business including the company's Lloyd's platform. Middle market energy customers' risks will continue to be underwritten ... Read the full article

Chubb promotes Leigh Anne Sherman to Division President of ESIS

9th February 2021

Global re/insurer Chubb has appointed Leigh Anne Sherman as Division President of ESIS, based in New York and reporting to Matt Merna, Senior Vice President, Chubb Group and Division President, Chubb North America Major Accounts. Sherman will take over ... Read the full article

Chubb’s Q4 net income rises to $2.42bn

3rd February 2021

Global re/insurer Chubb has reported a 2020 fourth quarter net income of $2.42 billion, up from $1.17 billion in the prior year quarter. Meanwhile, core operating income was $1.44 billion versus $1.04 billion prior year. Q4 pre-tax catastrophe losses were $314 million compared with $430 million in the prior year period. P&C underwriting ... Read the full article

Chubb makes two senior leisure travel appointments

21st January 2021

Global re/insurer Chubb has named Shane Guerin as Head of Travel for UK and Ireland, and Ruben Rivero as Head of Travel for Continental Europe. Guerin currently serves as Accident and Health Manager for Ireland, and now takes on the additional responsibilities for the strategic development and growth of the firm's ... Read the full article

Chubb names HSBC’s Enns as CFO as Bancroft announces retirement

15th January 2021

The Executive Vice President (EVP) and Chief Financial Officer (CFO) of Chubb Group, Philip Bancroft, is to retire from the company after 19 years of service and will be succeeded by HSBC's Peter Enns. Bancroft will retire from Chubb on July 1st, 2021 and is expected to remain with the re/insurer ... Read the full article