Chubb
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The consortium is supported by 11 other Lloyd’s businesses. -
Sources have said the layer will provide the carrier with protection for the Northeast US only and attaches at a remote level.
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The carrier was originally in the market for extra capacity at January 1 before pulling plans.
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Edward Kopp will be succeeded in his current role as president of Chubb Korea by Janice (Jae-Kyung) Mo – the first woman to lead a general insurance business in Korea’s history.
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The CEO said Chubb has ‘never seen better pricing’ on primary property.
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O’Donnell will focus on strategic and tactical operations within global reinsurance alongside his continuing responsibility for Chubb Tempest Re USA.
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The cargo market is undergoing staffing turmoil as firms vie to secure talent.
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The Singapore aviation hub is part of a strategic regional focus for the aviation team from Chubb Global Markets.
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The executive will be responsible for the growth and profitability of the carrier’s casualty lines in 51 countries and territories outside North America.
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The executive will have responsibility for lines including property, casualty, professional lines, energy and marine.
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In early January, the company completed the transactions to increase its position in Huatai to 64.2% from 47.3%.
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Personnel movement in the class remains elevated as carriers look to secure top talent while underwriting conditions are profitable.
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