Chubb
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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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The insurer led the pack with a 16 percent share of the cyber market last year, according to a new report.
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Coverage options are now becoming more standard after years of expansions for new risks, Chubb’s cyber product leader said.
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The appointment follows a spate of moves in the hardening aviation market.
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Chubb, Allstate and Liberty Mutual are among insurers seeking reimbursement for claims from the utility.
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Angus Roberts will report to Chubb’s aviation CUO John Wadhams.
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Chubb CEO sees market as “rational” and expects “continued forward momentum”.
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The insurer's first quarter results were in line with Wall Street expectations.
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