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 makes new appointments and reorganises its LatAm region
12th July 2024
Property and casualty (P&C) insurer Chubb has announced a number of new leadership appointments, including Ana Robic and Ben Rockwell as Senior Vice President, Chubb Group. Robic is the current Vice President, Chubb Group and Division President, North America Personal Risk Service. Rockwell, Vice President, Chubb Group and Division President, North ... Read the full article
Chubb strengthens its global team with several executive appointments
10th July 2024
Property and casualty (P&C) insurer Chubb has announced a number of new appointments, including Paul McNamee’s as Executive Vice President, Chubb Group and President of Overseas General Insurance. With nearly three decades of insurance industry experience, McNamee, who is currently Senior Vice President, Chubb Group and Regional President of Asia Pacific, ... Read the full article
AXA tops list of largest European insurers ranked by GPW
9th July 2024
When ranked by gross premiums written (GPW) in 2022, global insurer AXA tops the list of the largest European insurance companies with US$106.1 billion. AXA also recorded $42.3 billion in capital & surplus from the same year. Based on data from ratings agency AM Best, our directory of ... Read the full article
Chubb names Ronikonmäki Commercial Lines Manager for Finland
28th June 2024
Property and casualty (P&C) insurer Chubb has announced the appointment of Mikko Ronikonmäki as Commercial Lines Manager for Finland, effective August 12, 2024. Based in Helsinki and Ronikonmäki will be responsible for Chubb’s commercial lines operations across both Finland and Estonia. He will report to Anna Källs, Country Manager for Sweden and ... Read the full article
Chubb remains the largest writer of cyber insurance: AM Best
25th June 2024
Global insurer Chubb remains the largest writer of cyber insurance in the US, with direct premiums written (DPW) in 2023 amounting to roughly $574 million, according to AM Best. Our table of the top 20 cyber insurers by premiums written in 2023, is based on research data ... Read the full article
Chubb hires AIG’s Roos as Technology & Climate Tech Industry Practice Leader for NE region
20th June 2024
Chubb, the property and casualty (P&C) insurer, has appointed American International Group's (AIG) Robin Roos as Technology and Climate Tech Industry Practice Leader for the firm's Northern Europe Region. In the role, he is expected to lead Chubb's multi-line proposition for Technology clients. In addition, he will also lead the company's proposition ... Read the full article
Rising jury verdicts and insurance gaps a struggle for companies: Chubb
19th June 2024
As large jury verdicts increase in number and cost, many companies do not have adequate liability insurance to cover these losses effectively, a recent analysis by insurance company Chubb has revealed. According to Chubb's 16th annual Liability Limit Benchmark & Large Loss Profile by Industry Sector 2024, there is a widening ... Read the full article
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
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