Chubb
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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. -
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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The lawsuit over $74mn in losses from a 2013 data breach is closely-watched by the cyber insurance market.
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The carrier has promoted Nadia Côté, Veronique Brionne and Florian Eisele to new roles.
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Wildfires, tornadoes and civil unrest in Hong Kong and Chile contributed to losses.
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The move comes after Chubb’s global head of upstream left in September to join AIG.
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ATI counts 16 African nations and the European Investment Bank among its shareholders.
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Ben Rockwell, James Williamson and Alex Wells have taken new leadership roles at Chubb’s North America business.
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Significant uncertainty remains over the final loss quantum to the property policy.
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The executive has held casualty positions at AIG, Ironshore and Endurance.
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The fundraising was designed “for general corporate purposes”, including possible strategic investments or acquisitions.
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