Chubb
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The insurer plans to automate around 85% of key functions surrounding underwriting and claims processes. -
Plus, the latest people moves and all the top news of the week.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
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The Marsh-placed account renews its all-risks cover on 16 November.
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Lack of major cat events could add further pressure on 1 January pricing.
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Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.
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Brian Church has spent 20 years at Chubb.
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The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March.
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In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
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The claim hits the downstream market following a loss-hit start to the year.
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Jim Williamson said litigation funding had evolved into an investment class.
