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 David Kirk as New Head of Marine for Global Markets

8th July 2022

Global re/insurer Chubb has appointed David Kirk as Head of Marine for Chubb Global Markets (CGM) - the company's London Market wholesale and specialty business including its Lloyd's platform. He currently serves as Cargo Product Head and Deputy Head of Marine CGM. Within this new role, Kirk will assume responsibility for the oversight ... Read the full article

Chubb makes senior appointments for its new Asian businesses

5th July 2022

Global insurer and reinsurer Chubb has made a number of appointments for its newly acquired Asian businesses. The firm said in separate statements that it had appointed Jack Chang to lead the life insurance operations of Cigna in Taiwan; Jee Eun (Geannie) Cho to lead LINA, Cigna’s life insurance operations in ... Read the full article

Chubb completes acquisition of Cigna APAC businesses

1st July 2022

Chubb Limited has completed its acquisition of the life and non-life insurance companies that house the personal accident, supplemental health and life insurance business of Cigna, in six Asia-Pacific markets. Chubb paid $5.36 billion for the operations, which includes Cigna’s accident and health (A&H) and life business in Korea, Taiwan, New ... Read the full article

Future is “here and now” – Chubb CEO Evan Greenberg

22nd June 2022

Speaking at the recent S&P insurance conference, Chubb Ltd. CEO Evan Greenberg says insurance companies that have declared net zero targets are overpromising and leave themselves vulnerable to litigation.  Chubb hasn't declared such a target, he added, because it can't imagine how to measure the carbon footprint of ... Read the full article

Chubb announces two executive changes

17th June 2022

Global re/insurer Chubb has made two new executive changes. The company has announced, effective immediately, Suresh Krishnan has been named Chief Operating Officer (COO) of ESIS, and Lauren Gillette has been named Executive Vice President, Head of North America Accident & Health. Krishnan most recently served as Head of North America Accident & Health ... Read the full article

Chubb’s Combined Canada gets new president in Joel Schwartz

13th June 2022

Chubb’s Combined Canada has named Joel Schwartz as its new president. Schwartz will take on the role immediately and will oversee the organisation’s business operations, management, and growth strategies. He will report to Richard L. Williams, Jr., president of Combined Insurance. Schwartz joins the company after serving as president of CNO company ... Read the full article

Chubb promotes Jim Shevlin to Division President of ESIS

7th June 2022

Global re/insurer Chubb has appointed Jim Shevlin as Division President of ESIS, reporting to Matt Merna, Senior Vice President, Chubb Group and Division President, North America Major Accounts. He succeeds Leigh Anne Sherman, who has been appointed Specialty Officer for Chubb’s Middle Market Commercial Insurance business unit in North America. Within his new ... Read the full article

Chubb appoints new SVP, Chief Communications Officer

6th June 2022

Global insurer, Chubb has announced that Cheryl Krauss has been appointed Senior Vice President, Chubb Group and Chief Communications Officer. Within this new role, she will be responsible for Chubb’s corporate communications and marketing functions globally. She will also report to Evan G. Greenberg, Chairman and Chief Executive Officer. In addition, the investor relations function ... Read the full article

Hippo’s First Connect insurtech marketplace to offer cyber protection from Blink by Chubb

31st May 2022

First Connect Insurance Services LLC, a subsidiary of Hippo Insurance Group, has announced a collaboration with Blink, a suite of Chubb-backed consumer insurance products, to make personal cyber insurance protection available to independent agents that participate in First Connect’s insurtech marketplace platform. First Connect – a digital platform designed to provide ... Read the full article

Chubb appoints John Thompson and Daniela Hernandez to new roles

26th May 2022

Chubb has appointed John Thompson and Daniela Hernandez to new positions within the firm. According to the company, Thompson will be the new vice president of Chubb Group and division president of international personal lines, while Hernandez will be division president of its international accident and health. Both divisions are part ... Read the full article

Chubb names Paul Johnstone as country president, Chubb Canada

9th May 2022

Chubb has named Paul Johnstone as its new country president in Canada, moving up from his role as COO. Johnstone will replace John Alfieri, who has decided to retire after nearly two decades at the company. He will report to Chris Maleno, senior vice president, Chubb Group. Johnstone was appointed ... Read the full article

Chubb reports huge fall in reported net income

27th April 2022

Chubb has said its reported net income for Q1 2022 was $1.97bn, after falling from $2.3bn in the previous year. Other figures released by the insurer were that P&C combined ratio was 84.3% compared to 91.8% prior year, and the current accident year P&C combined ratio excluding catastrophe losses was 83.5% ... Read the full article

Allianz latest to rule out insuring East African Crude Oil Pipeline

11th April 2022

Allianz has become the seventh insurer to commit to not providing coverage to the East African Crude Oil Pipeline (EACOP). The pressure group #StopEACOP says that the insurer has sent it an email to confirm that they will not be ‘providing direct insurance’ to the project since ‘it neither meets our ... Read the full article

Chubb picks up DUAL Asia’s financial lines renewal rights

30th March 2022

Chubb has acquired the renewal rights of DUAL Asia’s financial lines portfolio in Hong Kong SAR and Singapore. According to the firm, it will be purchasing business assets that include intellectual property and underwriting models from DUAL. The firm said it also intends to hire DUAL’s underwriting personnel. Grant Cairns, regional head ... Read the full article

Carbon hires Turner from Chubb as Property Underwriter

29th March 2022

Carbon Underwriting Limited (Carbon), the specialist, independent managing general underwriter  (MGU) and Lloyd’s syndicate has announced the appointment of Claire Turner, who will join the company as a Property Underwriter. Turner joins Carbon after working for 25 years at global insurer Chubb. Her most recent position at the company was underwriting ... Read the full article