Chubb
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Natalie Chiaramonte will be the second person to head Chubb’s political risk insurance company after Price Lowenstein, who took part in its creation.
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The sector was hit by a rough first half of 2022, with more to come in the second half of the year.
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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 memo notes if an employee under Chubb's medical plan needs a procedure that must be performed more than 100 miles from their home, the carrier will cover it.
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The carrier also moved Lauren Gillette to lead its North America A&H division.
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Greenberg said Chubb will not set a net-zero timeframe until the carrier finds out how to monitor the reduction of carbon footprint in its underwriting portfolio.
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Excessive litigation costs and continued losses threaten the Sunshine state’s market.
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Leigh Anne Sherman has been working as division president of ESIS, a Chubb company.
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First Connect will offer a cyber protection insurance product underwritten by BlinkSM.
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Shareholders approved a second proposal asking for a report detailing how Chubb is addressing greenhouse gas emissions.
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Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
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Rate rises in the commercial lines market have decelerated in most insurance markets, but executives expect increases to remain above loss costs for some time.
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