Chubb
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The Marsh-placed account renews its all-risks cover on 16 November. -
Lack of major cat events could add further pressure on 1 January pricing.
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Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.
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Brian Church has spent 20 years at Chubb.
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The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March.
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In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
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The claim hits the downstream market following a loss-hit start to the year.
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Jim Williamson said litigation funding had evolved into an investment class.
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The executive replaces Mike Warwicker, who left the firm earlier this year.
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Burford’s CEO said Chubb is inappropriately using its corporate power.
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Philip Enan joins following 11 years at Chubb.
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The programme will succeed the previous buyback launched in 2023.
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Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
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AIG, HDI Global and others have settled. Chubb’s fight continues.
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The facility provides up to $100mn in claims-made excess casualty coverage.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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Of the 178 passengers and crew on board, no serious injuries have been reported.
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Last year, the firm consolidated financial and excess liability lines under the leadership of Richard Porter.
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The two Asian companies wrote $265mn net premiums in 2024.
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Ana Robic will succeed Furby as EMEA regional president.
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Andy Houston will be based in London, reporting to Mark Roberts, division president UKISA.
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The carrier has been reducing its exposure to the area where the wildfires occurred by over 50%.
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New entrants have contributed to competition in the class of business.
