Chubb
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The surge likely reflects talk in the buy-side community fuelled by tracking the latter's private jet. -
The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.
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The newcomers are finding it more difficult to disrupt the sector than they had expected.
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Barnett replaces Matthew Lubin, who departed for Crum & Forster.
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Meyer and Booker have both been with the company for over 10 years and will be based out of Georgia.
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Employment data indicates that easy growth and margin expansion may slow soon.
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The ransomware surge is likely to lead to changes in the product, a shake-up in market share and challenges for MGAs.
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The broker’s panel includes Chubb, Hiscox, Liberty, Markel, and Travelers.
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Industry veteran Hilda Toh has been promoted to oversee P&C strategy for the three countries, after her predecessor Mark Roberts was given the division president role.
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Rate in excess-of-loss cost trends translated into margin improvement for the quarter.
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Evan Greenberg has said Chubb has only a “limited obligation” to Century, a unit at the heart of the Boy Scouts of America (BSA) bankruptcy process.
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The CEO called for the US Treasury to require insureds to seek permission before paying ransoms, underscoring the importance of “unmasking” malicious actors.
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