-
Chubb beat Street EPS estimates and reported an operating RoE of 8.7 percent, with earnings benefiting from its ceded reinsurance strategy
-
The new windstorm model will provide updated loss forecasts every 12 hours.
-
The Hartford’s $2.1bn acquisition of Navigators was announced on 22 August.
-
Shulman will oversee operations in the United States and Canada as part of organizational restructuring.
-
The reinsurer was hit with estimated Q3 cat claims of $240mn from losses including Florence, California wildfires and typhoons in Japan.
-
Hurricane Florence led to $72.5mn in pre-tax claims for carrier.
-
The firm’s underwriting results improved versus the cat-hit Q3 2017, but saw reserve releases down from $14.9mn to $7.8mn.
-
The ratings have a stable outlook.
-
Judy Gonsalves will succeed Joseph Clabby, who has been named chairman of Chubb Bermuda.
-
State Farm writes more than a quarter of homeowners’ cover in the state. -
German (re)insurer Talanx has reduced its 2018 group net profit outlook by EUR150mn ($174mn) to EUR700mn after suffering from a series of large industrial claims and a spate of frequency losses.
-
The estate agency photography service is seeking to branch out into insurance.
