Chubb
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Tokio Marine HCC, Chubb, IQUW and BluNiche are also on the tower. -
Patel was recognised for services to charity and Riley for business leadership and inclusion
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The insurer plans to automate around 85% of key functions surrounding underwriting and claims processes.
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Plus, the latest people moves and all the top news of the week.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
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The Marsh-placed account renews its all-risks cover on 16 November.
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Lack of major cat events could add further pressure on 1 January pricing.
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Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.
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Brian Church has spent 20 years at Chubb.
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The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March.
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In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
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The claim hits the downstream market following a loss-hit start to the year.
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Jim Williamson said litigation funding had evolved into an investment class.
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The executive replaces Mike Warwicker, who left the firm earlier this year.
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Burford’s CEO said Chubb is inappropriately using its corporate power.
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Philip Enan joins following 11 years at Chubb.
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The programme will succeed the previous buyback launched in 2023.
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Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
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AIG, HDI Global and others have settled. Chubb’s fight continues.
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The facility provides up to $100mn in claims-made excess casualty coverage.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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Of the 178 passengers and crew on board, no serious injuries have been reported.
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Last year, the firm consolidated financial and excess liability lines under the leadership of Richard Porter.
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The two Asian companies wrote $265mn net premiums in 2024.
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Ana Robic will succeed Furby as EMEA regional president.
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Andy Houston will be based in London, reporting to Mark Roberts, division president UKISA.
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The carrier has been reducing its exposure to the area where the wildfires occurred by over 50%.
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New entrants have contributed to competition in the class of business.
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The company’s stock price has plummeted in the wake of the LA wildfires.
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The cargo market has recently seen a string of moves as new carriers launch into the market.
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The carrier can write marine on company and Lloyd’s platforms after the Probitas deal.
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The storm caused major damage to one of the drinks company’s warehouses in Tennessee.
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The CEO said the property market was in a “super-good place”, and increased competition was inevitable.
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London market carriers may be getting competitive, but that is not in itself a bad thing.
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The commercial carrier also reported a Hurricane Milton pre-tax net loss forecast of $250mn-$300mn.
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The CEO noted, however, that the UK retail market remains a big business growing well.
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Mark Gregory will retire next March, while Sara Mitchell will initially join as a strategic adviser.
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The cyber market should use the latest outage to start decisively taking action on managing cat aggregates.
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A roundup of all the news you need today, including Lloyd’s chairman candidates.
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Peter Kelaher currently serves as country president of Australia and New Zealand.
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It is understood that the executive will report to Scott Meyer, now COO for NA Insurance.
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Marcos Gunn and Federico Spagnoli have been promoted as a result.
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A round-up of all the news you need today, including the departure of the heads of FL and PI at Westfield.
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Arch, Axa XL, Beazley, Chubb, Hiscox, Howden, MS Amlin and TMK are participating.
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The PVT team will be part of a new crisis management unit under Luke Powis.
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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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The newly created role will see Frederico Spagnoli oversee Chubb’s consumer lines in 51 countries.
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Chubb declared at the last minute that it would not contest the English court’s jurisdiction, in contrast to every other reinsurer being sued by aircraft lessors.
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The newly launched offering will cover media liability, cyber, property, terrorism, casualty and legal expenses.
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At a point when cyber rates are falling and capacity is plentiful in high excess layers, the mutual plans have the wider cyber market somewhat perplexed.
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Clearer wordings for cyber cat risk would also help foster the development of the more capital-efficient event XoL reinsurance market in cyber, Kessler said.
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The top five insurers on the continent maintained their ‘clear dominance’ in terms of scale.
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The consortium is supported by 11 other Lloyd’s businesses.
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Sources have said the layer will provide the carrier with protection for the Northeast US only and attaches at a remote level.
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The carrier was originally in the market for extra capacity at January 1 before pulling plans.
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Edward Kopp will be succeeded in his current role as president of Chubb Korea by Janice (Jae-Kyung) Mo – the first woman to lead a general insurance business in Korea’s history.
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The CEO said Chubb has ‘never seen better pricing’ on primary property.
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O’Donnell will focus on strategic and tactical operations within global reinsurance alongside his continuing responsibility for Chubb Tempest Re USA.
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The cargo market is undergoing staffing turmoil as firms vie to secure talent.
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The Singapore aviation hub is part of a strategic regional focus for the aviation team from Chubb Global Markets.
