Chubb
-
Market sources anticipate a claim of more than $7.5mn for the Shangri La Hotel. -
London-based D&O writers have “woken up” to the threat of creeping claims frequency and severity, sources said.
-
Insider Sara Mitchell replaces David Robinson, who is taking a sabbatical.
-
Jonathan Kennett will lead the operation following the fusion of the UK and Ireland and Chubb Global Markets teams.
-
The preliminary figure includes an estimated $30mn in legal costs.
-
This year’s loss activity 'well within our risk tolerances and expectations', syndicate says.
-
The carrier declined to confirm whether it will appoint a replacement.
-
Richard Porter will assume the role of head of financial lines after serving as general counsel for Chubb Bermuda.
-
After Hurricane Katrina, a slew of big composite insurers including Axa and Chubb spun off their reinsurance arms, citing their excessive volatility.
-
A Washington state regulator hit Illinois Union with a cease and desist order against underwriting the policies.
-
The practice is one of five the P&C insurer operates in the UK and Ireland.
-
Repeated record wildfire losses have seen carriers scale back their offerings.
