Chubb

Early reporters eased the tension with strong Q1 operating trends and some optimistic commentary on BI exposures. That said, the level of uncertainty remains high and unchanged by new disclosures.

The Chubb CEO said capital and liquidity “will be king” for carriers in the current environment.

Evan Greenberg says the industry should prevent self-inflicted harm from government attempts to re-write insurance contracts.

Among the biggest gainers was Fairfax Financial, which jumped by nearly 10 percent.

The Chubb CEO calls on Congress to shield corporate America from Covid-19-related litigation as the US begins to re-open.

Speaking on Fox Business, the Chubb CEO explained that testing and social distancing protocols were essential.

The Great American Economic Revival industry groups include senior executives from sectors including energy, hospitality and banking.

At least one insurer, Chubb, has paused quoting casualty cover for new healthcare clients.

Scott Holbrook succeeds former Key Risk president Robert Standen, who takes the helm of other operating units.

The insurer is donating $10mn to relief efforts to support the financially vulnerable.

The carrier has yet to find evidence that the incident affected its network.

Carriers are retracting quotes as they balk at taking on further risk amid the Covid-19 pandemic, according to market sources.