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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 adds Annmarie Hagan as VP, Chief Accounting Officer

7th May 2020

Global insurer Chubb has appointed Annmarie Hagan as group Vice President and Chief Accounting Officer. Hagan has more than 35 years in insurance, accounting and financial management and has served as Global Controller of Chubb since 2016. Hagan will now take responsibility for the company's corporate and regulatory accounting matters; managerial and ... Read the full article

Chubb appoints Robert Wilson to Deputy CUO role

6th May 2020

Global insurer Chubb has announced the appointment of Robert Wilson as Deputy Chief Underwriting Officer and Head of Underwriting Operations for Chubb Global Markets (CGM). Wilson will have responsibility for growing the business and to further enhance the operational resilience and underwriting of CGM. He reports to Jason Keen, Division President, Chubb ... Read the full article

Chubb names Guney Celik as Regional Head of Marine, Eurasia & Africa

28th April 2020

Global insurer and reinsurer Chubb has announced the appointment of Guney Celik as Regional Head of Marine for Eurasia & Africa, effective immediately. Guney, who previously led Chubb's Marine portfolio in Turkey since 2017, takes responsibility for the ongoing expansion of the company's marine presence in the Eurasia & Africa region, ... Read the full article

COVID-19 will be the biggest event in insurance history: Chubb CEO

27th April 2020

Chubb CEO Evan Greenberg has said that the coronavirus (COVID-19) pandemic is likely to become the “largest event in insurance history” once all the costs are added up. Speaking as part of an earnings call alongside the release of Chubb’s Q1 results, Greenberg assured investors that the pandemic would be ... Read the full article

Chubb appoints Markwick-Day to CUO role within overseas general energy division

24th April 2020

Global re/insurer Chubb has announced the appointment of Melanie Markwick-Day as upstream energy senior underwriting officer for its overseas general energy division. Markwick-Day previously worked for Lloyd’s syndicates Ascot and Neon as upstream energy class underwriter. She is based in London and reports to Andrew Brown, Chief Underwriting Officer, global energy. Her remit ... Read the full article

Financial market volatility hits Chubb in Q1, COVID-19 impact limited so far

22nd April 2020

Chubb's Q1 net income fell by more than 75% year-on-year to $252 million as a result of financial market volatility in the credit, equity and foreign exchange markets, with the firm's book value per share decreasing by 5.5% in the quarter. The insurer and reinsurer highlights the mark-to-market impact from financial ... Read the full article

Forced COVID-19 payments could “bankrupt” industry: Chubb CEO

17th April 2020

Legal efforts to make insurers retroactively pay for business interruption losses related to the coronavirus (COVID-19) pandemic could “bankrupt the industry,” according to Chubb CEO Evan Greenberg. Speaking in an interview with Bloomberg, Greenberg said that the insurance industry is “a fundamental part of the economic plumbing” of the US, and ... Read the full article

Chubb says no layoffs during COVID-19, makes pandemic relief commitment

6th April 2020

Global insurer and reinsurer Chubb has announced that it will not layoff any of its employees during the ongoing COVID-19 (coronavirus) pandemic. At the same time, the re/insurer has revealed a commitment of $10 million to pandemic relief efforts globally. As countries around the world continue efforts to stop the spread of ... Read the full article

Chubb appoints Construction Industry Practice Leader

5th March 2020

Global insurer Chubb has announced the appointment of Stephen Buonpane as Construction Industry Practice Leader for its large account segment. In this capacity, he will oversee strategic direction, while leading a team of construction underwriting and service specialists across multiple lines of business. Buonpane will succeed Bill Hazelton who was recently named ... Read the full article

Chubb bolsters NA Claims Leadership team

4th March 2020

Global insurer and reinsurer Chubb has announced the appointments of Bill Hazelton and Megan Watt to its North America claims leadership team as the firm looks to better address the complex litigation landscape. Hazelton, who joined Chubb in 2005, has been named Head of Chubb North America Claims. In this role, ... Read the full article

Chubb promotes Dawn Miller to country president, Switzerland

27th February 2020

Global insurer Chubb has announced the promotion of Dawn Miller to the role of country president, Switzerland. Effective March 1, Miller will be responsible for establishing and growing Chubb’s insurance business in Switzerland. She will be based in Zurich and succeeds Florian Eisele following his appointment as senior vice president director of ... Read the full article

Chubb appoints Xavier Florit as regional head of corporate, A&H

19th February 2020

Global insurer Chubb has appointed Xavier Florit as regional head of corporate, accident and health for Continental Europe. Florit has been with the company since 2016, having previously served as head of A&H for France. Before that he held several roles within the insurance industry working for both brokers and insurers. He will ... Read the full article

Chubb exploring merger deal for Saudi Arabian division

19th February 2020

Chubb Arabia Cooperative Insurance Company, the Saudi Arabian arm of global re/insurer Chubb, has said that it plans to enter into talks with Al Ahli Takaful Company about the possibility of a merger. If a merger discussion is agreed, both companies will sign a non-binding memorandum of understanding to evaluate a ... Read the full article

Chubb’s P&C combined ratio strengthens in Q4

5th February 2020

Global insurer and reinsurer Chubb has announced net income of $1.2 billion for the fourth-quarter of 2019 and a global property & casualty (P&C) combined ratio, which excludes agriculture, of 91.9%. The re/insurer announced in January that it expected its North America Agricultural Insurance unit to fall to an underwriting ... Read the full article

Chubb targets non physical damage BI with new terrorism solution

3rd February 2020

Insurer and reinsurer Chubb has launched a new Non Damage Terrorism Solutions policy offering designed to bridge gaps in traditional terrorism business interruption policies. The new product is a single policy offering protection against non damage business interruption, plus employee and customer care assistance as a result of a terrorism loss. Chubb ... Read the full article

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