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.
Insurance industry adapts to new challenges, experts reveal at S&P conference
14th June 2024
At S&P Global Ratings' 40th Annual North American Insurance Conference, industry experts discussed current trends and challenges, agreeing that while the insurance landscape has evolved over the past four decades, the industry has successfully adapted. Elizabeth Heck, Chairman, President, and CEO of Greater NY Mutual, emphasised that the adaptability comes from ... Read the full article
David Kirk appointed Division President of Chubb Global Markets
7th June 2024
Chubb, a global property and casualty insurance company, has announced the appointment of David Kirk as Division President of Chubb Global Markets, which encompasses the company's London Market wholesale and specialty business, including its Lloyd's operations. Kirk currently serves as Head of Marine & Deputy Chief Underwriting Officer for the division. ... Read the full article
Chubb to acquire Melbourne-domiciled MGA Catalyst Aviation Insurance
5th June 2024
Global insurer Chubb has entered into a definitive agreement to acquire Catalyst Aviation Insurance, a Melbourne-domiciled managing general agent (MGA) specialising in general aviation insurance for the Australian market. The transaction is expected to be completed on or about the end of June and is subject to regulatory and other closing ... Read the full article
Chubb reports Q1’24 net income increase and P&C CoR of 86%
24th April 2024
Global insurer Chubb has reported a net income increase of 13.3% to $2.14 billion for the first quarter of 2024, supported by a stronger performance in both its property and casualty (P&C) and Life insurance businesses in the period. As well as the rise in net income, Chubb has reported core ... Read the full article
Chubb acquiring pet insurance MGA from Aon
24th April 2024
Global insurer Chubb has announced its acquisition of Healthy Paws, a managing general agent (MGA) specialising in pet insurance, from insurance and reinsurance broker Aon. Chubb has been the exclusive underwriter of the Healthy Paws pet insurance program for Aon since 2013, establishing a longstanding relationship between the two companies. This ... Read the full article
Chubb promotes Scheffler to COO for PRS and Graham Mid-Atlantic Region Executive Officer
22nd April 2024
Global insurer Chubb has announced the promotion of two insurance industry veterans, Melissa Scheffler and Bryce Graham, to new roles in North America, both effective April 29, 2024. Scheffler, who currently serves as Regional Executive Officer for the Mid-Atlantic region, has been appointed Chief Operating Officer of Personal Risk Services (PRS). In ... Read the full article
Chubb’s new platform to provide agents quicker access to flood quotes
28th March 2024
Chubb Personal Risk Services (PRS) has launched Flood Insurance System, a new self-service platform designed to give agents quicker access to flood quotes. Integrated with the Chubb Agent Portal and Masterpiece EZ Quote homeowners platform, this new platform will give seamless support to agent’s personal lines business for primary and excess ... Read the full article
Cowen to lead Chubb’s newly launched global transactional risk platform
18th March 2024
Global insurer Chubb has announced the launch of International Transactional Risk, a global platform that aims to provide transactional risk liability insurance products across international markets. Josh Cowen, a seasoned mergers and acquisition (M&A) risk insurance professional, will be heading this initiative as Senior Vice President, International Transactional Risk. Based in London, ... Read the full article
Chubb CEO Evan Greenberg anticipates strong premium growth in P&C
12th March 2024
Evan Greenberg, CEO at Chubb, expresses confidence in the company's ability to capitalise on favourable commercial P&C underwriting conditions globally, anticipating strong premium growth. In his 2023 letter to shareholders, Greenberg highlights the growth potential in property insurance, particularly due to favourable risk-reward underwriting conditions worldwide. He states, “With the growing impact ... Read the full article
Middle market companies achieve record growth amidst rising risks: Chubb
27th February 2024
Chubb, in collaboration with the National Center for the Middle Market (NCMM), has unveiled the latest insights from the 2023 Year-End Middle Market Indicator (MMI), shedding light on the resilience and growth of middle market companies amidst a backdrop of challenges. The data showcases a robust 12.4% average revenue growth among ... Read the full article
Uneven trust in e-commerce platforms, consumer confidence could improve with insurance: Chubb
23rd February 2024
Trust in e-commerce is uneven, while companies have less confidence in digital platforms when selling their goods, consumers are more comfortable using them, according to a Chubb report, which also revealed shopper’s confidence in making an online purchase would increase if they had insurance. The Crossing the e-commerce trust divide report ... Read the full article
Chubb names Seth Gillston as EVP, Head of North America Industry Practices
2nd February 2024
Global insurer Chubb has named Seth Gillston as Executive Vice President (EVP), Head of North America Industry Practices. He will be based in New York City, with a reporting line to John Lupica, Vice Chairman, Chubb Group and President, North America Insurance. Gillston will continue to serve as the Private Equity ... Read the full article
Chubb CEO Greenberg hails record 2023 performance
31st January 2024
Global insurer Chubb Limited has reported improved year-on-year net premiums written (NPW), a strong underwriting result, and record net income of $3.3 billion for the fourth quarter of 2023. Alongside the 151.7% year-on-year rise in net income, Chubb's core operating income jumped 103.6% to end Q4 2023 at a record $3.41 ... Read the full article
Chubb hires WTW’s Anna Källs as Country Manager for Sweden & Finland
25th January 2024
Chubb, the property and casualty (P&C) insurer, has hired Anna Källs as Country Manager for Sweden and Finland, effective from February 1, 2024. Källs joins the firm from global re/insurance broker WTW, where she served as Head of Large & Complex Business and Practice Leader for Liability since 2022. She succeeds Margaretha ... Read the full article
Spagnoli to lead Consumer Lines for Chubb’s International General Insurance Operations
12th December 2023
Property and casualty insurer Chubb has announced the appointment of Federico Spagnoli as Division President, Consumer Lines for Overseas General Insurance, the company's international general insurance operations. In this newly created role, which is effective January 15, 2024, Spagnoli will have responsibility for Chubb's consumer lines in 51 countries and territories. Chubb's ... Read the full article
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