Chubb Q2 PPD included $287mn WC release, $116mn auto charge: Greenberg
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Chubb Q2 PPD included $287mn WC release, $116mn auto charge: Greenberg

NA casualty pricing was up 11.7%, with rates increasing 9.9% and exposure up 1.6%.

By Jairo Ibarra
July 24, 2024
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Chubb’s $144mn North America commercial favorable reserve development in Q2 included a $287mn workers’ compensation release and a $116mn auto liability charge “not concentrated in any one year”, chairman and CEO Evan Greenberg said.

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