Chubb

Chubb promotes Krump and Lupica

US insurer Chubb has named Paul Krump vice chairman of global underwriting and claims, while also promoting John Lupica to president of North America Insurance.

Chubb welcomes back Rebollar to global corporate affairs team

Chubb has appointed Gina Rebollar as its new deputy general counsel, global corporate affairs with the executive returning to the insurer less than a year after she left.

Chubb announces plans to increase Huatai stake and unveils management changes in Asia

Chubb has unveiled its intentions to become the majority owner of Huatai Insurance Group by purchasing an additional 7.1 percent, building its stake to 53 percent to position the group to “build a significant Chinese insurance company”.

North America commercial rate hikes accelerate to 14% in Q2: Chubb

Chubb’s Evan Greenberg has reported accelerating rate increases for North America commercial, international and London wholesale business, while also making the case for the insurer’s pandemic proposal and supporting Covid-19 liability safe harbours for US businesses.

Chubb falls to $254mn operating loss in “difficult” Q2

Chubb swung to a second quarter operating loss on $1.51bn of pre-announced catastrophe losses, while P&C net premiums fell from Covid-19 exposure adjustments on in-force policies.

Aviation market faces $190mn loss on Chubb-led Ethiopian Airline fire

Insurers in the aviation market are facing a $190mn loss for an Ethiopian Airlines 777 freighter which caught fire at Shanghai Pudong Airport last week, The Insurer can reveal.

Chubb widens lead as top US cyber insurer: AM Best

Chubb has pulled away from second placed Axa XL in the top US cyber insurers ranking, according to a new report from AM Best, while standalone cyber growth is expected to outpace that of packaged policies.

Chubb names Stapleton Overseas General financial lines EVP

Chubb has named Tim Stapleton executive vice president of financial lines at Chubb Overseas General, succeeding Steven Goldman who has been promoted to group vice president and division president of North America financial lines.

Kessler to retire from Westchester as Meyer steps up

Scott Meyer will take over as the president of Chubb’s E&S insurance platform Westchester with Bruce Kessler moving to a chairman role at the unit before retiring at the end of the year. Meyer will be replaced as president of Chubb’s North America financial lines business by Steven Goldman.

Chubb appoints CIAB’s Fielding to new general counsel role

Chubb has turned to the Council of Insurance Agents & Brokers (CIAB) to add to its government affairs team with John Fielding joining the giant carrier after four years with the trade body.

Chubb adds heavyweight voice to US pandemic backstop debate

Chubb’s release of its proposal for protecting against future pandemics could serve to restore momentum to an issue that appeared to have stalled, providing a middle ground between the two proposals already out there.

Chubb puts forward public-private pandemic BI programme

Chubb has proposed the Pandemic Business Interruption Program, a two-part public-private partnership with a parametric trigger for small businesses and an indemnity trigger for large businesses in a move first revealed by this publication.

Chubb to take $1.81bn Q2 hit from Covid-19, nat cats and civil unrest

Chubb has estimated its second quarter results will include $1.81bn of pre-tax global net catastrophe losses – $1.37bn of which come from Covid-19 pandemic losses – as well as $259mn of reserve development for US child molestation claims.

Chubb centre stage for Broadway Covid-19 claims

Covid-19-related losses emerging from New York City’s famous Broadway theatre district are piling up with Chubb the most exposed to so-called performance disruption claims, sources have told The Insurer.

Chubb’s Greenberg says Covid-19 will be at least a $100bn loss for insurers

Chubb CEO Evan Greenberg said the industry loss from Covid-19 will be “$100bn or greater” and revealed that the carrier had received tens of thousands of pandemic-related claims in the 55 countries it operates and has been paying out on some of them for business interruption.

Chubb names CUO for retail commercial P&C division

Chubb has promoted Michelle McLaughlin – who has been at the insurer for 28 years – to chief underwriting officer of its North America retail commercial property and casualty insurance division.

Chubb appoints Bremner as head of management liability

Peter Bremner has been appointed as head of management liability for Chubb Global Markets (CGM) and regional head of financial lines, Eurasia and Africa.

Zurich hires Chubb’s Wells to replace Cooper as US middle market head

Zurich North America has appointed Alexander Wells as US head of middle market, replacing Marcus Cooper who recently joined Liberty Mutual.

Chubb names Markwick-Day upstream energy underwriting officer

Chubb has appointed Melanie Markwick-Day as senior upstream energy underwriting officer within its overseas general energy division.

US carriers go to battle over BI but is a compromise on the cards?

The CEOs of US insurers have struck a bellicose tone about business interruption (BI) on their earnings calls but a new Willis report suggests they may ultimately have to compromise.

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