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The industry posted another strong quarter, but casualty reserves remain problematic.
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Ernesto is expected to track past Bermuda on Saturday with hurricane conditions.
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Sources said that Guy Carpenter has promoted Jennifer Paretchan to succeed Mowery.
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Moody’s also predicts losses to the NFIP at less than $300mn.
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The Insurance Insider US news team runs you through the earnings results for the day.
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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 executive brings more than 30 years of industry experience to the role.
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A quick roundup of today’s need-to-know news, including Tradesman’s Rico suit, US CPI, and wildfire risk.
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Insurance industry representatives meanwhile say they’re common sense and necessary.
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Tony McIntosh and Eric Morrison both join from TruPoint Underwriters.
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The all-items CPI increased 2.9% over the last 12 months.