Brazilian reinsurer IRB Brasil Resseguros SA is in advanced negotiations to buy rivals’ portfolios in Brazil and elsewhere in Latin America as foreign competitors scale back in the region, two sources close to the company told Reuters. Any such acquisition …
Chubb has appointed Michelle McLaughlin to be chief underwriting officer of its North America retail commercial property/casualty insurance division. In this capacity, McLaughlin will guide the business lines’ underwriting strategies and authority, as well as general underwriting management, for a …
Specialty Insurer QBE North America announced the appointment of Becket McNab as chief human resources officer. McNab will be responsible for all North America human resources activities, including driving the company’s focus on talent and culture. McNab joins QBE from …
Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show. The Trans Mountain pipeline, which ships types of crude oil and refined products to British Columbia from …
Chubb Chairman and CEO Evan Greenberg insists his global P/C insurer has strong fundamentals, but warned at the same time that the ongoing pandemic crisis will spur unpredictable revenue challenges affecting many lines of coverage. Broadly speaking, the insurer will …
Global insurer Chubb announced that it will not conduct any layoffs among its 33,000 employees while in the midst of the COVID-19 pandemic health crisis. The insurer has also pledged to give $10 million to pandemic relief efforts globally. “We …
Chubb has named Stephen Buonpane as Construction Industry Practice leader for its large account segment. He succeeds Bill Hazelton who was recently named head of Chubb North America Claims. In this capacity, he will oversee strategic direction while leading a …
Chubb has introduced a new fidelity insurance product, the Financial Institution Bond for Asset Managers, to address risks faced by today’s asset managers. The financial fidelity bond provides modernized coverage for a range of risks that can result in loss …
Global insurer Chubb has made a $10 million equity investment the African Trade Insurance Agency (ATI), becoming the first global property/casualty insurance company to become a shareholder in the African multilateral political risk and credit insurer. ATI supports trade and …
Global insurer Chubb announced leadership appointments for North America Commercial Insurance, the company’s $5.8 billion retail commercial property/casualty insurance division that serves middle market and small businesses in the United States and Canada. Ben Rockwell, currently executive vice president and …
