Chubb
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The PVT team will be part of a new crisis management unit under Luke Powis. -
With the appointment, current division president David Furby will step down from the role.
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This is Chubb’s second MGA deal in the past few months.
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Property rates remain adequate, although price increases are tailing off.
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There is a high likelihood the property claim will be subrogated.
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The value of the bridge is estimated at $1.2bn.
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However, it doesn't prove a mutual is a wrong concept for the cyber market.
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The project is not immediately moving forward due to lack of client demand.
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This publication revealed Chubb was planning to re-enter the London TL market.
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Mo joins from Chubb, where she was country manager for Sweden.
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Strong reinsurance results have absorbed long-tail reserve charges.
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Chubb withdrew from writing transactional risk in London and all territories outside the US in 2020.
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