Chubb
-
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.
-
Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.
-
Brian Church has spent 20 years at Chubb.
-
-
The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March.
-
In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
-
The claim hits the downstream market following a loss-hit start to the year.
-
Jim Williamson said litigation funding had evolved into an investment class.
-
The executive replaces Mike Warwicker, who left the firm earlier this year.
-
Burford’s CEO said Chubb is inappropriately using its corporate power.
-
Philip Enan joins following 11 years at Chubb.
-
The programme will succeed the previous buyback launched in 2023.
-
Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
-
AIG, HDI Global and others have settled. Chubb’s fight continues.
-
The facility provides up to $100mn in claims-made excess casualty coverage.
-
A positive outcome could significantly curb insurers’ exposure to the loss.
-
Of the 178 passengers and crew on board, no serious injuries have been reported.
-
Last year, the firm consolidated financial and excess liability lines under the leadership of Richard Porter.
-
The two Asian companies wrote $265mn net premiums in 2024.
-
Ana Robic will succeed Furby as EMEA regional president.
-
Andy Houston will be based in London, reporting to Mark Roberts, division president UKISA.
-
The carrier has been reducing its exposure to the area where the wildfires occurred by over 50%.
-
New entrants have contributed to competition in the class of business.
-
The company’s stock price has plummeted in the wake of the LA wildfires.
-
The cargo market has recently seen a string of moves as new carriers launch into the market.
-
The carrier can write marine on company and Lloyd’s platforms after the Probitas deal.
-
The storm caused major damage to one of the drinks company’s warehouses in Tennessee.
-
The CEO said the property market was in a “super-good place”, and increased competition was inevitable.
-
London market carriers may be getting competitive, but that is not in itself a bad thing.
-
The commercial carrier also reported a Hurricane Milton pre-tax net loss forecast of $250mn-$300mn.
-
The CEO noted, however, that the UK retail market remains a big business growing well.
-
Mark Gregory will retire next March, while Sara Mitchell will initially join as a strategic adviser.
-
-
The cyber market should use the latest outage to start decisively taking action on managing cat aggregates.
-
A roundup of all the news you need today, including Lloyd’s chairman candidates.
