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The company has grown its premium base by 12% annually over the last five years. -
Management is showcasing its ambition, but it’s also dialing up risk.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The retail broker upsized its revolving credit and delayed draw term facilities.
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It is understood the executive will join the carrier later this year.
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The estimate implies a roughly $15bn homeowners’ industry loss from the hurricane.
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Arch is assuming an industry loss related to Helene in the $12bn-$14bn range.
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Middle market premiums were lower in Q3, but the company is confident growth will resume in Q4.
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Executives noted that US casualty and professional lines development has been close to flat this year.
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The appointments will enhance Chubb’s Latin American leadership structure.
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The company’s reshaping of the book will be substantially completed by year end.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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