Chubb
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The carrier says its board of directors is "carefully considering" the proposal. -
The Hartford share price jumps 12% on report of deal talks with Chubb.
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Derrick Potton and Alex Fell will work on business development and management liability respectively.
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The division will service large corporate energy companies in EMEA, Asia Pacific and Latin America.
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Underlying margins expanded faster than they did in Q3 as Chubb reported 11.5 points of rate improvement above loss trend in NA commercial.
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Chubb and Crum & Forster are among the markets requiring further underwriting checks and introducing exclusions.
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The outgoing finance chief will stand down in July but stay on in an advisory capacity until the end of the year.
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The move follows a similar decision by Marsh & McLennan Companies to freeze political donations.
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Earlier, the APCIA president criticised the "mob violence" of the protestors.
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The carrier said there were plans to grow the team further and its US and non-US sides would be merged.
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The new Syndicate 1796 is the conduit for the initiative and is backed by 14 global (re)insurers.
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The carrier assembles the team following the creation of its Chubb Studio digital platform.
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