April 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 the first quarter, Greenberg said rates for financial lines …
July 26, 2023
Chubb second-quarter net income went up 50.7% to nearly $1.8 billion and its property/casualty combined ratio came in at 85.4. “We had another simply outstanding quarter – in fact, a record, which contributed to a record six months,” said Evan …
February 23, 2023
Chubb announced the name for its new global climate business unit, Chubb Climate+, while appointing three executives who have joined the business unit’s leadership team. Chubb Climate+, which was launched in January, will provide insurance products and services to businesses …
January 4, 2023
Chubb announced the launch of a new Global Climate Business Unit, aiming to bring together Chubb units engaged in traditional, alternative and renewable energy, climate tech, agribusiness and risk engineering services. The new business unit will provide a full spectrum …
April 26, 2022
Chubb said first quarter 2022 net income fell to $1.97 billion compared with $2.3 billion during the same time a year ago but property/casualty underwriting income during the period shot up 106% to a record $1.3 billion. The P/C combined …
February 2, 2022
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 …
March 5, 2019
Chubb Ltd. announced it has received Chinese regulatory approval to increase the company’s ownership in Huatai Insurance Group Co. Ltd. to 26.2 percent from 20 percent, effective Feb. 27, 2019. Financial terms of the deal were not released. Huatai Insurance …
September 29, 2017
Chubb Ltd. announced it has entered into a 15-year distribution agreement with DBS Bank, the largest banking group in Southeast Asia. Under the terms of the agreement, Chubb will distribute general insurance products on an exclusive or preferred basis through …
April 26, 2017
A rise in global protectionism stemming from a backlash against free trade and globalization could have significant impact on economic growth, poverty levels and the potential for military conflict, according to a new report from the Atlantic Council and Zurich …
October 22, 2015
ACE Group reported net income for the quarter ended September 30, 2015, of $1.62 per share, compared with $2.32 per share for the Q3 2014, an overall decline of 32.7 percent from $785 million in Q3 2014 to $528 million. …