Shares in Chubb were down by 2.5 percent in intraday trading despite the company achieving a comfortable beat last night when it reported operating income of $1.28bn for the fourth quarter.
Standard & Poor’s (S&P) has downgraded AIG as it cited the insurer's previously flagged “material” fourth quarter reserve charge and what the ratings agency described as a lower earnings profile going forward.
A broker at AJ Gallagher (AJG) is suing rival Alliant for more than $1mn after he was left "embarrassed" by language used in one of its broker agreements.
AIG and an executive in its public management liability division, which insures against allegations of sexual harassment being brought against a company, have been forced to face the very risk they underwrite.
