Chubb
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The vote was part of ongoing bankruptcy proceedings following a string of historical sexual abuses.
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The Inside P&C research team looks forward to the big issues of the new year.
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Inside P&C dissects the biggest deals of the year across broking, commercial lines and InsurTech.
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The Mayfield Consumer Products candle factory is one of the two most high profile large individual risk losses from the quad state tornado to date.
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Carriers are planning for inflationary threats and have been responding to major catastrophes, while the InsurTech and broking markets have driven M&A drama.
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Based in New York, the executive will report to Lou Capparelli, executive vice president of Chubb's global casualty unit.
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Upon the agreement’s approval and payment, Century Indemnity Company and other Chubb units will obtain a broad release from BSA-related abuse claims.
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The higher level of repurchases seen in Q3 will likely last longer than expected.
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Insurance carriers tend to favor a negative outlook during their earnings calls, even when its unwarranted.
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Rates in the P&C market continued to rise in the third quarter, with outsized increases for cyber insurance driving up the average change, according to data revealed in company third-quarter conference calls.
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Moderating rates and elevated nat cat frequency and severity don’t negate margin improvement and stronger-than-expected EPS.
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The chief executive also echoed the comments of RenaissanceRe’s CEO, who said that more than just climate change has contributed to higher catastrophe costs.
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