Chubb
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Chubb reported net operating income of $2.70 per share in Q3, up 12% from $2.41 last year and a beat versus consensus estimates of $2.61.
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Joe Vasquez takes on the role as Kevin Goulding retires.
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AIG, Chubb, Markel, Swiss Re and Zurich are among the carriers which face potential losses from the tour operator's collapse.
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The move follows regulatory scrutiny in other states over the offering of Carry Guard policies.
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He takes over from Juan Andrade, who this morning was named as incoming Everest Re CEO.
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The appointment counters expectations the (re)insurer would choose an internal replacement for its CEO.
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The Chubb CEO hit out at the wave of litigation which often follows acquisitions.
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The Chubb chairman and CEO says a broad acceleration of rate growth is sustainable.
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The insurance giant enjoyed improved pricing and an improved underwriting environment during 2019's second quarter.
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Insurers are increasing reserves due to a new laws expanding child victim compensation.
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