Chubb
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The executive, who has been with Chubb for 16 years, will join AIG as head of UK energy. -
Starr and USAA CEOs also agree to promote benefits for staff, customers and communities in leading their companies.
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The move follows regulatory scrutiny in other states over the offering of Carry Guard policies.
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He takes over from Juan Andrade, who this morning was named as incoming Everest Re CEO.
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The appointment counters expectations the (re)insurer would choose an internal replacement for its CEO.
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The Chubb CEO hit out at the wave of litigation which often follows acquisitions.
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The Chubb chairman and CEO says a broad acceleration of rate growth is sustainable.
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The insurance giant enjoyed improved pricing and an improved underwriting environment during 2019's second quarter.
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Insurers are increasing reserves due to a new laws expanding child victim compensation.
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The lawsuit against carriers including Chubb, Allianz and Markel follows the passage of NY’s Child Victims Act.
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Chairman and CEO Greenberg say the moves reflect the carrier’s commitment as a “steward of the earth”.
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The carrier is the first major US insurer to take action on fossil fuel underwriting.
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