Chubb
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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.
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The commercial carrier also reported a Hurricane Milton pre-tax net loss forecast of $250mn-$300mn.
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The appointments will enhance Chubb’s Latin American leadership structure.
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Greenberg said London behavior in cat market “is almost aberrant relative to everybody else”.
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The CEO noted, however, that the UK retail market remains a big business growing well.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier booked $250mn of pre-tax losses for Hurricane Helene.
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He succeeds Laura Vest, who is retiring after 20 years with the company.
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Mark Gregory will retire next March, while Sara Mitchell will initially join as a strategic adviser.
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The executive has 20 years of experience in environmental risk and sustainability.
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The carrier writes all of its E&S business in the state through Arch Specialty Insurance Company.
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