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 reports “record” P&C underwriting results despite drop in net income
1st February 2023
Chubb has reported that full-year P&C underwriting income was a record $4.56 billion, up 23.2%, leading to a P&C combined ratio of 87.6% compared with 89.1% in the prior year. Full-year net income in 2022 totalled at $5.31 billion compared with $8.54 billion in the prior year. Core operating income was ... Read the full article
Chubb names Singapore general insurance business leader
23rd January 2023
Chubb has announced the appointment of Hng Keng Yoong as Country President for its general insurance operations in Singapore. Yoong holds two decades of experience in both life and general insurance across Asia and the United Kingdom. Since joining Chubb in 2010, she has worked in various capacities within its Regional Accident ... Read the full article
Chris Collins named Head of Airline for Chubb Global Markets
6th January 2023
Chubb has announced the appointment of Chris Collins as Head of Airline for Chubb Global Markets (CGM), the company's London Market wholesale and specialty business including its Lloyd's platform. In this role, Collins will be responsible for leading the development and management of the CGM Airline portfolio. He will be based in ... Read the full article
Chubb launches new global climate business
4th January 2023
P&C insurer Chubb, has announced the launch of a new global climate business unit, drawing on the company’s technical capabilities in underwriting and risk engineering, and also bringing together Chubb units engaged in traditional, alternative and renewable energy, climate tech, agribusiness and risk engineering services. The new business unit will provide ... Read the full article
Chubb bolsters leadership within NA financial lines division
29th December 2022
Global insurer Chubb has announced that it has promoted four executives in its North America (NA) Financial Lines Division. Effective immediately the company has promoted Jarrod Schlesinger to Chief Operating Officer, Scott Williams to Executive Vice President, Private/Not-for-Profit (PNP) Practice Leader and Chief Underwriting Officer, Jennifer Riley to Executive Vice President, Head of Digital Strategy & ... Read the full article
Chubb names Teresa Black EVP, COO of North America surety
28th December 2022
Property and Casualty insurer Chubb, has announced the appointment of Teresa Black Executive Vice President, Chief Operating Officer of North America Surety. In her new role, Black will have responsibility for the underwriting, strategy and profitable growth of Commercial and Construction Surety businesses in North America. Based in New York, she will ... Read the full article
Chubb gains greater market penetration in China with Huatai deal
19th December 2022
According to GlobalData, Chubb's increased stake in Huatai Insurance Group from 47.3% to 83.2% will allow the firm to bolster its life insurance business in the Asia-Pacific region, giving access to Huatai’s 19 million customer base and a network of 400 branches and 23,000 agents, spread across 20 out of ... Read the full article
Chubb hires Peloso as Global Climate Officer
15th December 2022
Chubb Limited has appointed Margaret Peloso as Senior Vice President, Chubb Group, Global Climate Officer and Executive Director of the Chubb Charitable Foundation. Peloso joins Chubb from Vinson & Elkins, where she served as the law firm's Lead Sustainability Partner, where she held responsibility for integrating sustainability and environmental, social and ... Read the full article
Chubb to launch new tech hub in Greece
13th December 2022
Property and casualty insurer Chubb has announced plans to launch a new technology services center in Thessaloniki, Greece in early 2023. Technical engineers and developers employed at the center will look to drive initiatives in areas such as intelligent process automation, machine learning, cloud, and data analytics, as well as cybersecurity ... Read the full article
Chubb appoints Alex O’Brien to role of head of cargo at CGM
8th December 2022
Chubb has appointed Alex O’Brien as its new head of cargo for its wholesale and specialty business Chubb Global Markets (CGM). The firm said in a statement that O'Brien will be responsible for leading the development and management of the CGM Cargo portfolio. He will be based in London and report to ... Read the full article
Chubb names Mollica Division President for North America Financial Lines
5th December 2022
Chubb has appointed Michael Mollica as Division President for the company's North America Financial Lines businesses, where he will report to John Lupica, Vice Chairman, Chubb Group and President, North America Insurance. Mollica’s appointment is effective immediately. He succeeds Steve Goldman, who Chubb has announced has left the company. Currently, Mollica serves as Executive Vice President, ... Read the full article
Chubb names Carene Madden Financial Lines Manager for UKISA region
2nd December 2022
P&C insurance company Chubb has appointed Carene Madden as Financial Lines Manager for the United Kingdom, Ireland and South Africa (UKISA.) Based in London, Madden will report to Hilda Toh - Property and Casualty Chief Underwriting Officer for UKISA. Madden’s appointment is effective in the second quarter of 2023. Within this role, Madden will be responsible for managing and ... Read the full article
Chubb appoints Real Estate & Hospitality Industry Practice Leader
30th November 2022
Chubb has named Lyndsey Christofer as Real Estate & Hospitality (REH) Industry Practice Leader, a role that will see her oversee the strategic direction of the practice and lead Chubb's REH-dedicated underwriting, risk consulting and claims specialists. In her new role, Christofer will also oversee Chubb's primary casualty line of business ... Read the full article
Chubb increases stake in Huatai Insurance Group to 83.2%
18th November 2022
Chubb Limited has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase its ownership in Huatai Insurance Group Company Limited from 47.3% to 83.2%. In November 2019, Chubb announced that it had increased its ownership in Huatai Insurance Group Company from 30.9% to 46.2%. Chubb noted that ... Read the full article
BOC Aviation sues 16 insurance companies over Russia losses
16th November 2022
BOC Aviation, a Singapore-headquartered aircraft lessor, has begun legal action against 16 insurance companies, including Lloyd’s of London, Chubb European Group, AIG Europe and Swiss Re, over losses linked to Russia-Ukraine war, according to a Reuters report. The proceedings were issued in the High Court on November 3, 2022. In August, the ... Read the full article