Chubb
-
The latest hire joins from Chubb.
-
Insurers of all sizes have been hit with claims from the record breaking Camp and Woolsey wildfires.
-
Losses from Hurricane Michael have trended at the top of loss estimates.
-
The losses include the Camp and Woolsey fires and Hurricane Michael. -
The $15bn-$20bn wildfire losses have caused the ILS-dominated retro market to seize up.
-
Chubb is the latest (re)insurance company to report losses from this year’s fires, which have caused historic amounts of destruction.
-
Chubb and Swiss Re also provide capacity for the facility, which targets sharing economy businesses.
-
Industry saw lower cats, while premium increases outpaced growth in incurred losses and expenses.
-
Above-average cat losses dominate discussions during the P&C earnings season.
-
The program will take effect on 1 December through the end of 2019.
-
The Camp and Woolsey Fires have now destroyed more than 9,000 buildings.
-
Analyst predicts Chubb and Travelers could also pick up $400mn if industry insured losses hit $10bn.
Most Recent
-
Marsh promotes Glod and Ambrose to global aerospace roles
21 August 2025 -
Daily Digest: Top news from 21 August
21 August 2025 -
Aspen shares soar on news of Sompo takeover interest
20 August 2025 -
Sompo came close on Axa XL Re deal before Aspen talks
20 August 2025