Chubb announced the completion of the agreement for the transfer of renewal rights of DUAL Asia’s financial lines portfolios in Hong Kong and Singapore. Chubb will be purchasing the business assets including the intellectual property and underwriting models from DUAL …
In an “extraordinary remedy” of a judgment from a year ago, a federal court judge in Minnesota reversed a decision that Target Corp. was not entitled to insurance coverage from Chubb for costs the retailer incurred to replace payment cards …
Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave of insurance claims from leasing firms whose fleets have effectively been commandeered. Lessors will assert that registering the planes in …
Since the start of the war in Ukraine, the number of cyber incidents in the U.S. has increased, and underwriters will need to adapt, according to a panel of experts at the PLUS Cyber Symposium. “There’s no doubt that attacks …
A multibillion-dollar bill is coming due for the U.S. opioid epidemic and insurers for some of the largest drug makers, distributors and pharmacies are refusing to help pay for it. A Delaware Supreme Court ruling in January has emboldened insurers …
Most middle-market firms experienced a recovery following the height of disruptions caused by COVID-19 and remain mostly optimistic about the global economy, but other business risks loom large. According to a survey of 1,000 executives by Chubb and the National …
Chubb reported fourth quarter 2021 net income of $2.1 billion, a decrease of 11.5% compared to the same period the prior year. Nevertheless, the insurer had what CEO Evan G. Greenberg called “one of the best years in our company’s …
This edition of International People Moves details appointments at Swiss Re Corporate Solutions, Chubb and Marsh. A summary of these new hires follows here. Swiss Re Corporate Solutions Promotes 2 in Engineering & Construction Team Swiss Re Corporate Solutions announced …
Chilean insurance-tech startup Betterfly plans to expand overseas after its latest funding round swelled its valuation to $1 billion. The company is preparing to begin operations in seven new markets in 2022 — Mexico, Colombia, Argentina, Peru, Ecuador, Panama and …
Wouldn’t it be nice, if, instead of relying on adjusters and restoration companies to surmise how much damage was actually caused by a water leak, an insurer could stop the leak almost before it starts. That’s now the reality for …
