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 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
Chubb CEO Evan Greenberg elected Chairman of the USKBC
11th December 2023
The U.S. Chamber of Commerce’s U.S.-Korea Business Council (USKBC) has announced that Evan G. Greenberg, Chairman and CEO of global insurer Chubb, has been elected Chairman of the USKBC, effective January 1, 2024. The USKBC, comprised of leading U.S. companies operating in Korea, is in place to ensure that the U.S.-Korea ... Read the full article
Chubb enhances cyber offering with NetSPI partnership
6th December 2023
Property and casualty insurance company Chubb has announced the launch of its cyber protection partnership with NetSPI, a cybersecurity specialist. NetSPI is an expert in proactive security, aiming to strengthen its clients’ cyber-risk profile via enhanced attack surface management and penetration testing solutions. Through this collaboration, Chubb policyholders in the US and ... Read the full article
Chubb survey reveals lack of flood preparedness among U.S. mid-market companies
27th November 2023
Property and casualty insurer Chubb has disclosed findings from a recent survey, indicating that U.S. mid-market companies, with a majority falling within the $10 million to $1 billion range, are significantly unaware and unprepared for the risks posed by flooding. The survey underscores a concerning trend, with a staggering 85% of ... Read the full article
Chubb ranked largest US cyber insurer for third year running by AM Best
23rd November 2023
The latest data from ratings agency AM Best confirms that Chubb remains the largest cyber insurer in the US when ranked by direct premiums written (DPW) in 2022. With DPW of $604.9 million in 2022, Chubb tops the list of the top 20 US cyber insurers, and now has a market ... Read the full article
Chubb enhances B2B2C digital distribution capabilities
16th November 2023
Property & casualty insurer Chubb, has announced that Chubb Studio, the company's global integration technology, has launched a new developer portal that will make it easier for its B2B2C partner companies to access and test its digital insurance products and capabilities. According to the announcement, the new developer portal allows developers ... Read the full article
Chubb’s Combined Insurance appoints Michelle Bryer as SVP, Chief Operations Officer
8th November 2023
Chubb’s Combined Insurance has appointed Michelle Bryer as Senior Vice President, Chief Operations Officer, effective immediately. She has been serving as Senior Vice President, Claim Operations and will report to Richard L. Williams, Jr., President of Combined Insurance in her new role, the company noted. Bryer, who brings more than two decades ... Read the full article
Chubb isn’t running from reinsurance, would lean into property cat if liked the returns: CEO
25th October 2023
Evan Greenberg, Chief Executive Officer (CEO) of global insurer Chubb, has emphasised that the carrier is not shying away from the reinsurance business, but that it makes more sense for the company to grow its insurance property catastrophe-related exposure than on the reinsurance side. Chubb recently held its third quarter 2023 ... Read the full article
Chubb reports significant rise in net income as P&C underwriting profit swells in Q3
25th October 2023
Property and casualty insurer Chubb has reported net income and core operating income for Q3 2023 of $2.04 billion each, up 157.8% and 55.4%, respectively, as its P&C arm delivered a combined ratio of 88.4% with underwriting income of $1.31 billion. The P&C underwriting result improved significantly from the $710 million ... Read the full article
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