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Buffett’s Berkshire Reveals $6.7 Billion Stake in Insurer Chubb
May 16 2024 // Warren Buffett’s Berkshire Hathaway Inc. unveiled a $6.7 billion stake in insurer Chubb Ltd., ending months of suspense over its mystery position in a financial firm, previously kept concealed in regulatory...
Insurer Chubb Readies $350M Payout Tied to Baltimore Bridge Collapse
May 2 2024 // Chubb, which had insured Baltimore’s Francis Scott Key Bridge, is getting ready to pay $350 million to the state of Maryland, in what could be the first major payout tied to the collapsing of the bridge in March. The...
Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’
Apr 25 2024 // According to Chubb CEO Evan G. Greenberg, the insurance industry’s underwriting practices for a number of financial lines are “simply dumb.” In a call with analysts to discuss Chubb’s earnings for...
Chubb Wins Latest Battle With New York Diocese in Bid to Avoid Sex Abuse Claims
Apr 24 2024 // A New York state appeals court has reinstated Chubb insurance companies’ bid for judgments declaring that they are not obligated to cover thousands of sex abuse lawsuits brought against the Archdiocese of New York...
Chubb Records 13.3% Uptick in Q1 Net Income on Underwriting
Apr 23 2024 // Chubb started 2024 off with first quarter net income up 13.3%, compared to the same time a year ago, to about $2.1 billion. The first three months of 2024 followed a year Chubb CEO Evan G. Greenberg called the “best...
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