Chubb
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Staff movement has been high in the sector, as new capacity returns to the market after years of correction.
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Nicholas Hawkins, Chubb’s Peter Kelaher and Munich Re’s Scott Hawkins take director roles at the Australian industry organisation.
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The Chubb CEO seeks to quash speculation the carrier may return with a sweetened takeover proposal.
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Plus in-depth analyses of the accident and health and airlines markets.
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Chubb reiterates its disappointment about The Hartford’s refusal to engage.
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Chubb offered to pay up to $70 per share for the business after its $65 offer was publicly rejected.
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Binding insurers include Chubb and AIG, with reinsurance from Munich Re.
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The one-time suitor releases a statement after a report that Allianz is contemplating an offer of its own.
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The Week in 90 Seconds: Biometric data and cyber; Greensill collapse; Guy Carpenter’s Priebe on pandemic risk; Texas storm; Marsh McLennan’s Glaser
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Chubb made an unsolicited bid for the carrier last week at a 25% premium on its weighted average share price.
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Plus the latest executives on the move and all the top news from the week.
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The proposed consideration represents a mix of stock with the majority in cash.
