Chubb
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The executive joined Chubb in 2013 as assistant VP and regional manager. -
The conglomerate now owns around 27 million Chubb shares valued at roughly $6.9bn, compared to nearly 26 million in Q1.
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The industry could weather a recession, unless loss costs and reserving pressures worsen.
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The carrier recognized a goodwill of $256mn and intangible assets of $39mn from the transaction.
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A quick roundup of today’s need-to-know news, including Chubb’s Q2 earnings call.
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NA casualty pricing was up 11.7%, with rates increasing 9.9% and exposure up 1.6%.
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Overseas GI cat losses rose to $157mn from $26mn while NA commercial cats were $252mn vs $231mn.
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A roundup of today’s need-to-know news, including leadership changes at Chubb.
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Diego Sosa will head up northern Latin America while Mario Romanelli will lead southern LatAm, excluding Brazil.
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Two new promotions follow on the heels of appointments announced Tuesday.
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He was also appointed to vice president of Chubb Group.
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