Chubb
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Fresh set of losses will make 2018 an above-average cat year for the industry. -
The Lloyd’s and company market carrier also draws on a Chubb alumnus for its HR chief.
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Executives faced pointed questions about workers’ compensation claims trends and casualty pricing during Q3 conference calls.
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The offering combines D&O, outside directorship, E&O and employment practices liability coverage
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Although estimates for the Q3 disasters vary, in aggregate the events are likely to generate insured losses north of $10bn.
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The executive says pricing is not keeping pace with loss-cost trends.
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In this new role, Vasquez will oversee Chubb’s $4bn personal accident and supplemental health insurance business worldwide, including operations of combined insurance.
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Chubb beat Street EPS estimates and reported an operating RoE of 8.7 percent, with earnings benefiting from its ceded reinsurance strategy
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Judy Gonsalves will succeed Joseph Clabby, who has been named chairman of Chubb Bermuda.
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State Farm writes more than a quarter of homeowners’ cover in the state.
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The global insurer said the losses came from more than 20 separate weather events over the quarter.
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Parsons will oversee Chubb’s sales and distribution strategies across the entire US, as well as implement best sales practice and measuring key sales initiatives.
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