Chubb
-
The value of the bridge is estimated at $1.2bn.
-
However, it doesn't prove a mutual is a wrong concept for the cyber market.
-
The project is not immediately moving forward due to lack of client demand.
-
This publication revealed Chubb was planning to re-enter the London TL market.
-
Mo joins from Chubb, where she was country manager for Sweden.
-
Strong reinsurance results have absorbed long-tail reserve charges.
-
Chubb withdrew from writing transactional risk in London and all territories outside the US in 2020.
-
The newly created role will see Frederico Spagnoli oversee Chubb’s consumer lines in 51 countries.
-
Chubb declared at the last minute that it would not contest the English court’s jurisdiction, in contrast to every other reinsurer being sued by aircraft lessors.
-
The newly launched offering will cover media liability, cyber, property, terrorism, casualty and legal expenses.
-
At a point when cyber rates are falling and capacity is plentiful in high excess layers, the mutual plans have the wider cyber market somewhat perplexed.
-
Clearer wordings for cyber cat risk would also help foster the development of the more capital-efficient event XoL reinsurance market in cyber, Kessler said.
Most Recent
-
Global cyber rates fell 6% in Q1 2024: Marsh
24 April 2024 -
Where have all the start-up brokers gone?
24 April 2024 -
Gulf flooding to push up reinsurance costs: Moody’s
23 April 2024