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 is “leaning into” reinsurance firming: CEO Greenberg

17th August 2020

Global re/insurer Chubb is "leaning into" the reinsurance business opportunity as rates firm, according to its CEO Evan Greenberg. In the current hardening market environment global players like Chubb are upsizing on their reinsurance underwriting portfolios to capitalise on improved and more risk-adequate rates. Speaking during his firms second-quarter earnings call recently, ... Read the full article

Chubb appoints Paul Krump & John Lupica to new leadership roles

13th August 2020

Chubb has announced the appointments of Paul Krump as Vice Chairman, Global Underwriting and Claims, and John Lupica as President, North America Insurance Operations. Krump currently serves as Executive Vice President, Chubb Group and President, North America Commercial and Personal Insurance, while Lupica is Vice Chairman, Chubb Group and President, North ... Read the full article

Chubb hires new Deputy General Counsel for Global Corporate Affairs

10th August 2020

Chubb has announced that Gina Rebollar has been appointed as Deputy General Counsel, Global Corporate Affairs, effective immediately. In her new role, Rebollar will lead the company's global corporate affairs team with responsibility for legal matters related to global corporate, corporate finance, mergers and acquisitions, asset management and intellectual property. She will ... Read the full article

Chubb adjusts Asia Life and General Insurance management

5th August 2020

Insurer and reinsurer, Chubb, has announced management changes to its Life and General Insurance Operations in Asia. As the largest shareholder, Chubb currently owns 46.2% of Huatai Group and has also agreed to the purchase of an additional 7.1% of the company which would ultimately give Chubb majority ownership. The holding company ... Read the full article

Chubb reports $331mn net loss for Q2

29th July 2020

Insurer and reinsurer Chubb has reported a net loss of $331 million for the second-quarter of 2020, compared with net income of more than $1.1 billion in the same period last year, as net catastrophe losses reached $1.51 billion as a result of the COVID-19 pandemic. As previously announced, Chubb's ... Read the full article

Chubb announces new leadership appointments

27th July 2020

Global insurer Chubb has announced leadership appointments in its North America Westchester and Financial Lines businesses. The property and casualty insurer has announced that Scott Meyer will succeed Bruce Kessler as Senior Vice President, Chubb Group and Division President of Westchester. Through its brokerage, binding and programs segments, Meyer will have executive ... Read the full article

Chubb reveals integration of North America A&H units

23rd July 2020

Chubb has appointed Chris Martin, current President of Chubb Workplace Benefits, as Division President of Chubb North America Accident and Health, effective immediately. The appointment of Martin comes as the insurer and reinsurer announces the integration of its North America Accident and Health Businesses to better serve the needs of today's ... Read the full article

Chubb names Stapleton as EVP, Financial Lines, Overseas General Insurance

22nd July 2020

Global re/insurer Chubb has appointed Tim Stapleton, currently Senior Vice President, Cyber Insurance and Information Technology, Overseas General Insurance, as Executive Vice President, Financial Lines, Overseas General Insurance. Stapleton takes over from Steve Goldman, who has recently been named Vice President, Chubb Group and Division President, North America Financial Lines. In his ... Read the full article

Chubb names General Counsel for Government & Industry Affairs

16th July 2020

Global insurer and reinsurer Chubb has announced the appointment of John Fielding as Senior Vice President, General Counsel, Global Government and Industry Affairs. In this role, Fielding will provide legal, regulatory and policy guidance and advice to Chubb's state, federal and international government affairs team. He will coordinate advocacy throughout Chubb’s government ... Read the full article

Chubb proposes $1.15tn state-backed pandemic BI scheme

9th July 2020

Global insurer and reinsurer Chubb has put forward a proposal for a public-private partnership program to provide business interruption (BI) cover for all kinds of US business ahead of the next pandemic. The company envisions the scheme’s total capacity at around $1.15 trillion, consisting of an aggregate limit of $750 billion ... Read the full article

Chubb reports Q2 cat losses of $1.8bn; COVID-19 hit of $1.37bn

7th July 2020

Global insurer and reinsurer Chubb has announced that the impacts of the COVID-19 pandemic, combined with severe weather-related events and civil unrest in the U.S., has resulted in global net catastrophe losses of $1.807 billion (pre-tax) for the second-quarter of 2020. Chubb reveals that its Q2 catastrophe loss estimates include COVID-19 ... Read the full article

Chubb announces key appointments within Global Markets marine team

5th June 2020

Global insurer and reinsurer Chubb has announced the continued expansion of its Marine team within Chubb Global Markets (CGM) with a number of key appointments. Frank Chu joins the expanding team as Marine Cargo Underwriter. In this role, he will be tasked with strengthening the overall capability of the existing Cargo ... Read the full article

$100bn industry loss from COVID-19, says Chubb CEO Greenberg

26th May 2020

Evan Greenberg, the Chief Executive Officer of global insurer Chubb, expects coronavirus to inflict upwards of $100 billion in losses for the industry. Speaking to the New York Times, Greenberg said claims will come from all sides and be exacerbated by the accumulation of investment losses. However, Greenberg noted that business interruption ... Read the full article

Chubb names CUO for North America small & middle market division

19th May 2020

Global insurer Chubb has appointed Michelle McLaughlin as Chief Underwriting Officer of its North America retail commercial property and casualty insurance division that serves middle market and small businesses. In this capacity, she will guide the business lines' underwriting strategies and authority, as well as general underwriting management. McLaughlin previously served as ... Read the full article

Chubb appoints Peter Bremner head of mgmt liability for CGM division

12th May 2020

Global insurer Chubb has announced the appointment of Peter Bremner as head of management liability for Chubb Global Markets and regional head of Financial Lines, Eurasia & Africa. Bremner was previously senior underwriter, Financial Lines for CGM, and has held several underwriting roles for Chubb in both London and New Zealand. He ... Read the full article

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