Chubb
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Scott Holbrook succeeds former Key Risk president Robert Standen, who takes the helm of other operating units.
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The insurer is donating $10mn to relief efforts to support the financially vulnerable.
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The carrier has yet to find evidence that the incident affected its network.
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Carriers are retracting quotes as they balk at taking on further risk amid the Covid-19 pandemic, according to market sources. -
Allstate shares shrink 5.3 percent, while Axis shares lose almost 5 percent of their market value.
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He will lead the large account segment, succeeding Bill Hazelton, who is now head of North America claims.
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The appointment of Scott Gunter as Axa XL CEO has surprised the market.
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The move comes amid a global portfolio review at Allianz’s flagship commercial insurance unit.
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Jarrod Schlesinger said insurers should engage with industry groups on the issue.
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The underwriter was previously head of A&H for France, and replaces Arjen Van Dun.
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The comments came as Chubb shares rose more than 6.3 percent following the release of fourth quarter results.
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The insurer reported operating earnings of $1bn Q4, net of tax, up 11.2 percent from the same period a year earlier.
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