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 Gillston as EVP, Head of Global Casualty for Major Accounts NA
5th February 2025
Global insurer Chubb has named Seth Gillston as Executive Vice President (EVP), Head of Global Casualty for Major Accounts in North America (NA), as Lou Capparell transitions to the role of Chairman of Global Casualty. Capparell joined the firm in 2002 and has held his previous role since 2017. Gillston will be ... Read the full article
Chubb’s Westchester forms three new business practices and announces new leaders
30th January 2025
Global insurer Chubb recently announced the formation of three new business practices (Property, Casualty, and Financial Lines) within its Excess and Surplus Lines Division Westchester. This move aims to strengthen Westchester's service to its Digital and Middle Market, Brokerage, and Programs businesses. The company also announced the appointment of three new leaders ... Read the full article
Chubb estimates $1.5bn loss from LA wildfires amid reduced California exposure
29th January 2025
During insurer Chubb Limited’s fourth-quarter 2024 earnings call, Chairman and CEO Evan Greenberg confirmed that the company expects $1.5 billion in net pre-tax losses from the recent Los Angeles, California wildfires. Despite the scale of the losses, Greenberg does not anticipate a broader impact on property insurance pricing, emphasising that overall ... Read the full article
Chubb reports record $9.27bn net income for 2024 with P&C CoR of 86.6%
29th January 2025
Global property and casualty insurer Chubb has reported a record net income of $9.27 billion for 2024, with a P&C combined ratio of 86.6%. The firm's P&C underwriting income for full-year 2024 was a record $5.85 billion, up 7.1% from 2023. Chubb additionally disclosed that total 2024 pre-tax and after-tax P&C catastrophe ... Read the full article
Chubb names Stapleton CUO & Neu EVP, Financial Lines, Overseas General Insurance
27th January 2025
Global property and casualty insurer Chubb has announced two key leadership appointments within its Overseas General Insurance (COG) business, Tim Stapleton as Chief Underwriting Officer (CUO) and Jason Neu as Executive Vice President (EVP), Financial Lines. As CUO of COG, a newly created role, Stapleton will be responsible for advancing the ... Read the full article
89% of executives plan to expand cyber insurance for technological vulnerabilities: Chubb
10th January 2025
Cybersecurity and technological disruption are identified as the top threats to business growth, with over 89% of executives planning to expand their cyber insurance coverage to address increasing technological vulnerabilities, according to a report by Chubb. The findings come from a Harris Poll survey of 500 business leaders involved in risk ... Read the full article
Chubb’s Westchester promotes Nick Gatt to Head of Programs
19th December 2024
Chubb’s excess and surplus lines division, Westchester, has promoted Nick Gatt, formerly Chief Operating Officer (COO) for Westchester Programs, to Head of the division. In the new role, he reports to Dave Lupica, Division President of Westchester. Gatt will oversee strategy, underwriting and profitability for the organization. Gatt succeeds Franklin Sanders, who has ... Read the full article
John Latter to lead Claims for Chubb Overseas General
16th December 2024
Global property and casualty insurer Chubb has appointed John Latter to lead Claims for Chubb Overseas General (COG), effective immediately, based out of London. In this new role, Latter will oversee Chubb's claims organization in Europe, the Middle East, Asia Pacific, Latin America and the Far East. He will also lead ... Read the full article
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
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
