Chubb
-
The company’s stock price has plummeted in the wake of the LA wildfires. -
A Delaware judge ruled that a “bump-up” exclusion was inapplicable.
-
The storm caused major damage to one of the drinks company’s warehouses in Tennessee.
-
The carrier had $300mn of favorable development in Q3, mostly led by short-tail lines and ex-workers' comp.
-
The commercial carrier also reported a Hurricane Milton pre-tax net loss forecast of $250mn-$300mn.
-
The appointments will enhance Chubb’s Latin American leadership structure.
-
Greenberg said London behavior in cat market “is almost aberrant relative to everybody else”.
-
The CEO noted, however, that the UK retail market remains a big business growing well.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The carrier booked $250mn of pre-tax losses for Hurricane Helene.
-
He succeeds Laura Vest, who is retiring after 20 years with the company.
-
Mark Gregory will retire next March, while Sara Mitchell will initially join as a strategic adviser.
Related
-
Chubb brings on Fava-Verde as SVP, Chubb resilience services
August 27, 2024 -
Arch Florida E&S unit withdrawn but company strategy unchanged
August 16, 2024 -
Berkshire Hathaway ups Chubb stake to 6.7% from 6.4%
August 14, 2024 -
Where do insurance companies stand if a US recession hits?
August 07, 2024