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 appoints Manufacturing Industry Practice Leader for North America
10th May 2018
Chubb has appointed Mike Williams as Executive Vice President and Manufacturing Industry Practice Leader for its North American mid-market segment. Williams will now be responsible for leading Chubb's strategic efforts to drive results for its mid-market business in North America by leveraging the company's portfolio of underwriting, claims and risk engineering ... Read the full article
2017’s disaster events show shifting risk landscape, says Chubb’s Greenberg
19th April 2018
Evan Greenberg, Chairman and Chief Executive Officer (CEO) of Chubb, has asserted that the risk landscape is becoming more complex, and that re/insurers must respond to 2017’s costly natural catastrophe events by adjusting their risk-models and doing more to support government programmes. In the Chairman’s letter to shareholders, Greenberg claimed that ... Read the full article
Market transition underway, but who knows if rate firming will persist: Chubb’s Greenberg
13th April 2018
After years of falling rates in the global property and casualty (P&C) industry, prices are starting to firm in some areas in response to 2017 catastrophe events, although it remains unclear just how long the positive rate momentum will last, according to Evan Greenberg, the Chairman and Chief Executive Officer ... Read the full article
Chubb names Division Presidents for North America operations
9th April 2018
Chubb has expanded its North America Insurance operations with the appointments of Christopher A. Maleno as Division President, Field Operations and Matthew Merna as Division President, Major Accounts. Maleno will now be responsible for organising Chubb’s 48 branch and regional offices across the U.S and Canada, and will manage the company’s ... Read the full article
Chubb appoints Scott Simpson as Country President of general insurance, Singapore
6th March 2018
Chubb has named Scott Simpson as new Country President for its general insurance business in Singapore, set to replace Adam Clifford who is moving into a new role as Chubb’s Division President for Continental Europe. As the new Country President, Simpson will assume responsibility for the growth and financial results of the ... Read the full article
Chubb names Benjamin Rowley as senior underwriter of financial lines
2nd March 2018
Chubb has announced the appointment of Benjamin Rowley, who joins from Hiscox, to senior underwriter of financial lines, Chubb Global Markets, with immediate effect. Rowley is a Medical Malpractice specialist with a broad knowledge of Errors and Omissions (E&O) and will be responsible for growing and managing this highly specialised area ... Read the full article
Chubb appoints Ignacio Borja to Spain & Portugal Country President
31st January 2018
Chubb has appointed Ignacio Borja to Madrid-based Country President for Spain and Portugal (Iberia), reporting to newly-appointed Division President for Continental Europe, Adam Clifford. As Country President, Borja will be responsible for managing the performance, strategy and development of Chubb's Property and Casualty, Accident and Health and Consumer Lines operations in ... Read the full article
Chubb announces key appointments to its Accident & Health senior leadership team
15th January 2018
Chubb has announced two key appointments to its Accident & Health senior leadership team, naming Veronique Brionne as Senior Vice President (SVP) of Accident & Health (A&H) for Continental Europe (CE) and Andrew Nisbet as SVP A&H UK & Ireland. In her Paris-based role, Veronique will assume responsibility for all of Chubb’s ... Read the full article
Chubb expects a $250mn benefit from new U.S. tax law
27th December 2017
Chubb has announced an expected benefit from the new U.S. corporate tax law in excess of $250 million in the fourth quarter of 2017. This preliminary estimate reflects the one-time impact of the reduced U.S. corporate income tax rate from 35% to 20%, and the deemed repatriation of foreign subsidiary earnings ... Read the full article
Chubb names Matt Booker as Senior Vice President of U.S. Major Accounts Property
19th December 2017
Chubb has appointed Matt Booker to Senior Vice President of Major Accounts Property in the U.S. to succeed Brian Church who has moved into a position as Head of International Property for the firm's Overseas General business. Booker will assume responsibility for underwriting, strategy, production, product development, management, and profit and loss ... Read the full article
Chubb puts Q4 cat losses, including CA wildfires, at $320m net of reinsurance
30th November 2017
Global insurance and reinsurance firm Chubb has estimated its fourth-quarter 2017 catastrophe losses at $320 million before tax, with $280 million of the loss attributable to the recent California wildfires. After tax the total Q4 catastrophe loss comes down to $249 million, $215 million of which is from the ... Read the full article
Chubb partners with Chinese insurance giant PICC
28th November 2017
Chubb has entered into a strategic cooperation agreement with China's largest property and casualty insurer, PICC Property & Casualty Company. The agreement enables PICC to leverage Chubb's global capabilities and is in line with the Chinese government's drive to promote international expansion and cooperation to support its "One Belt Road" initiative. "For ... Read the full article
Market at the start of a “firming price environment,” says Chubb’s Greenberg
27th October 2017
Evan Greenberg, the Chairman and Chief Executive Officer (CEO) of global re/insurer Chubb, believes insurance and reinsurance markets are at the start of a firming price environment, after years of a softened market state. Chubb announced third-quarter 2017 after-tax catastrophe losses of $1.525 billion, which drove the firm to a net ... Read the full article
Chubb names Edward Rayfield as Head of Casualty, Singapore
13th October 2017
Chubb has named Edward Rayfield as Head of Casualty in Singapore, moving from a role as Casualty Manager of the Chubb Australia Global Broker Unit NSW & ACT. In his new role, he reports to Liam Burrell, Division Head of Property & Casualty (P&C). Country President for Chubb in Singapore, Adam Clifford, ... Read the full article
Chubb puts hurricane Maria loss at $220m, Mexico quakes at $25m
2nd October 2017
Insurance and reinsurance firm Chubb has estimated that hurricane Maria will cost the company up to $220 million of pre-tax losses, while the two Mexico earthquakes add another $25 million to the third-quarter toll. Chubb has already announced an estimated pre-tax loss of $1.6 billion for hurricanes Harvey and Irma, ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
