Chubb
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Inside P&C’s news team runs you through the key highlights of the week. -
Chubb’s balanced view of the market as a whole, and pricing and loss cost trends in particular, puts it ahead of the curve on value creation, despite a difficult economic backdrop.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The CEO also told analysts there is currently no M&A on the table for Chubb.
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Excluding agriculture, Chubb’s P&C CoR rose to 85.9% in Q4 from 85.4% the prior-year quarter.
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The firm’s flattening rates and favorable reserve development provide a read-through for commercial insurers.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The company also elevated three senior executives within the division: Williams, Riley and Theberge.
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Personal lines insurers see a vastly different outlook in 2022 than 2021 and their reserve development reflects this.
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She will continue to report to Stephen Haney, Chubb Group’s vice president and division president of North America surety.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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New demand for reinsurance cover that was expected to come to the market around the January renewals is being reined in as insurers recognise the extent of the hardening market.
