Latest Chubb Headlines
All the headlines from our Chubb Topic Page, ordered by recency.
Finnegan to Remain at Chubb Despite Retirement Policy; Executive Switches, Q3 Results Reported
Oct 25 2013 // The Chubb Corp.’s board of directors announced Thursday that John D. Finnegan, Chubb’s chairman, president and chief executive officer, will remain in his current roles until the end of 2016, breaking a Chubb...
ACE Appoints Senior VP for ACE USA Surety Unit in New York
Oct 21 2013 // ACE USA, the U.S.-based retail operations of the ACE Group, appointed Teresa Black to the newly created role of senior vice president and chief operating officer for the ACE USA Surety unit. Black, who most recently served...
Chubb’s Lloyd’s Syndicate Announces Cyber Security Offering
Sep 5 2013 // Chubb’s London office announced the availability of cyber security insurance through its Lloyd’s Syndicate, Chubb 1882. It is “based on Chubb’s successful US offering, the product combines...
Washington Nationals Sue Crime Insurer Over Player’s Lie About Age
Aug 7 2013 // Major League Baseball’s Washington Nationals sued an insurance company for $1 million for declining to provide crime insurance coverage for an alleged fraud scheme involving a team executive linked to the signing of...
Chubb Q2 Profit Jumps 43% to $579M; Renewal Rates Up in All Business Units
Jul 26 2013 // The Chubb Corp. reported its 2013 second quarter net income of $579 million, a 43.3 percent increase from $404 million net income posted a year ago. The company said it benefited from higher rates and stronger underlying...
ACE Appoints Talbott President of North America Property & Specialty Lines
Jul 22 2013 // The ACE Group promoted Derek Talbott to division president, North America Property & Specialty Lines. Talbott succeeds Paul McNamee, who has been named deputy president of ACE’s Asia Pacific region. With more...
Hill to Lead ACE Group’s International Property Business
Jul 19 2013 // The ACE Group has appointed Jarrod Hill to Executive VP and Head of International Property for ACE’s Overseas General business, effective September 1, 2013. He will have responsibility for all of ACE’s retail...
ACE Expands Catastrophe Capacity in North America
Jul 15 2013 // The ACE Group has increased catastrophe limits to $30 million across all its North American retail and wholesale broker-distributed commercial property lines of business. This capacity will be offered through ACE’s...
Chubb Estimates Q2 Catastrophe Losses at $240M
Jul 10 2013 // The Chubb Corp. estimates that catastrophe losses in the second quarter will be approximately $240 million before tax, or $156 million after tax ($0.60 per share after tax). The company said that about $175 million of the...
ACE Construction Practice Launches Healthcare Construction Project Services
Jul 9 2013 // ACE USA has launched new capabilities specifically designed for healthcare industry construction projects through ESIS, Inc., a risk management services company owned by the ACE Group. The new offerings include...
EPLI in Southern California Playing ‘Hard’ to Get
Jun 25 2013 // Employment practices in California is a known and growing concern for insurers, agents and employers, and that concern has some carriers ramping up rates dramatically or quietly pulling back from the area, say those...
ACE Launches CPL Coverage for Healthcare Industry Construction Projects
Jun 12 2013 // ACE USA, the U.S.-based retail operations of the ACE Group, has introduced a new contractors pollution liability (CPL) owner-controlled insurance program (OCIP) for the healthcare industry. This new policy can be used to...
Chubb Must Face Bear Stearns Suit Over Coverage for SEC Deal
Jun 11 2013 // Chubb Corp.’s Vigilant Insurance must face a lawsuit by Bear Stearns Cos. accusing the insurer of breach of contract for refusing to pay part of a U.S. Securities and Exchange Commission settlement, New York...
ACE USA Updates Marine Cargo Policy
May 28 2013 // ACE USA, the U.S.-based retail operations of the ACE Group, has released an updated marine open cargo policy that consolidates multiple coverage components into one form. The updated marine open cargo policy incorporates...
Chubb Subsidiary Approved as N.J. Domestic Surplus Lines Insurer
May 28 2013 // The Chubb Group of Insurance Companies said on May 23 it received approval from the New Jersey Department of Banking & Insurance to convert one of its subsidiaries, Chubb Custom Insurance Company, into a domestic...
ACE USA Makes Executive Appointments in Casualty Underwriting
May 8 2013 // ACE USA, the U.S.-based retail operating division of the ACE Group, announced two executive appointments in its Foreign Casualty and Custom Casualty divisions. Alexander Wells has been appointed senior vice president and...
Chubb Q1 Profit Rises 30% to $656M; CEO Says ‘Market Remains Firm’
Apr 26 2013 // Chubb Corp. reported on Thursday $656 million net income for its 2013 first quarter, an increase of 29.6 percent compared to $506 million income reported during the first quarter of 2012. The insurer of businesses and...
People – South Central
Apr 22 2013 // Texas Mutual Insurance Co. announced that Joe Yurkovich has accepted the position of senior vice president of strategic planning. He returns to Texas Mutual after serving as region president for the Southern Region at...
Chubb Europe Makes Management Changes; Marcello for Financial Lines
Apr 16 2013 // Chubb Insurance Company of Europe announced two appointments in its financial lines business. Julie Marcello has been named to the role of European Chubb Specialty Insurance Manager. Chubb Specialty Insurance (CSI) manages...
ACE USA Promotes Humphrey, Connelly in Houston
Mar 27 2013 // ACE USA, the U.S.-based retail operating division of the ACE Group, announced new executive appointments in its global client executives practice and regional operations in Houston. Pam Humphrey will assume the position of...
