Chubb News
Legacy Processes No More: Insurers Engaged in Wide-Scale Efforts to Optimize Antiquated Processes
There's two ways for an insurance company to boost profits. The first option is to price products higher, and the second is to reduce operating expenses. Option No. 1 can be a dicey proposition, as ...
Storms, Political Unrest Drove Chubb’s $430M in Q4 Pre-Tax Cat Losses
Chubb said that severe weather events in Texas, California and Japan helped produce an estimated $430 million in pre-tax catastrophe losses for the 2019 fourth quarter. That number breaks down to ...
Executives On The Move at Chubb and Berkshire Hathaway Specialty Insurance
Chubb's Bermuda operations hired a new Head of Excess Liability. Berkshire Hathaway Specialty Insurance fleshed out its global surety team with a new hire in Canada.
Chubb, QBE North America Vet Grange Joins Argo Group in Leadership Role
Argo Group International Holdings has hired Chubb and QBE North America veteran executive Jeff Grange in a leadership role. Grange will serve as executive vice president for U.S. operations at the ...
Chubb Boosts Stake in Major China Insurer
Chubb Ltd. has increased its investment in one of China's major insurers, reflecting a deeper commitment to penetrating the market there. Chubb said it would purchase another 15.3 percent of Huatai ...
Executives On The Move at Chubb and AmTrust
Chubb promoted an executive to be division president for Chubb Global Markets. AmTrust Financial Services hired a new head of Litigation.***
Chubb appointed Jason ...
Chubb CEO Greenberg: Insurer Has Reshaped Portfolio in Response to California Wildfires
Some insurers may be facing sizable risks stemming from the latest round of California wildfires now raging, but Chubb Chairman and CEO Evan Greenberg insists his company isn't one of them. "We do ...
Chubb Soars Even as Q3 Net Income Takes a Hit
Chubb is reporting a banner 2019 third quarter, but the company took a dent in its net income largely from losses relating to an accounting adjustment. Net income for the insurer reached $1 billion, ...