Three-quarters of middle market companies say they are considering an increase in their coverage amounts to ensure adequate protection against potential losses due to inflation, according to the Mid-Year 2023 Middle Market Indicator from Chubb and the National Center for the Middle Market (NCMM).
Tag: Chubb insurance
Chubb Reports “Record” Net Income for Q2
Chubb Limited today reported net income for the quarter ended June 30, 2023 of $1.79 billion, or $4.32 per share, and core operating income of $2.04 billion, or $4.92 per share.
Chubb Demands Energy Producers Cut Methane Emissions for Coverage
Global insurer Chubb Ltd. is tightening its requirements on insurance policies for oil-and- gas producers, demanding that they reduce emissions of methane, a potent greenhouse gas.
Chubb Insurance Demands Energy Producers Cut Methane Emissions for Coverage
Global insurer Chubb Ltd. is tightening its requirements on insurance policies for oil-and- gas producers, demanding that they reduce emissions of methane, a potent greenhouse gas.
Chubb Introduces Chubb Climate+ and Leadership Appointments for Global Climate Business Unit
Chubb today announced the name for the new global climate business unit the company launched last month: Chubb Climate+.
Chubb Beats Q1 Earnings Estimates
Chubb came out with quarterly earnings of $3.82 per share, beating the Zacks Consensus Estimate of $3.52 per share. This compares to earnings of $2.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.52%. A quarter ago, it was expected that this insurer… Continue reading Chubb Beats Q1 Earnings Estimates
Chubb Reaches Sexual Abuse Settlement with Boy Scouts of America for $800 Million
As reported by the Boy Scouts of America (BSA) and other parties today, an agreement-in-principle has been reached in the BSA bankruptcy. Under this agreement, assuming approval, Century Indemnity Company and other Chubb companies will pay $800 million and obtain a broad release for all Chubb companies from BSA-related abuse claims. The net financial impact… Continue reading Chubb Reaches Sexual Abuse Settlement with Boy Scouts of America for $800 Million
Chubb Launches Insurance Solution for Offshore Wind Farms
Chubb has announced the recent launch of an insurance solution for offshore wind farms. Chubb’s Offshore Wind Farm policy has been developed to support green energy providers through the entire offshore wind farm process – from project inception through to energy production, storage and distribution. The policy offers Construction All Risks, Delay in Start-Up and… Continue reading Chubb Launches Insurance Solution for Offshore Wind Farms
Chubb Taps Investment Banker As Next Finance Chief
Insurance company Chubb Ltd. recruited an investment banker to succeed its longtime finance chief Philip Bancroft, who plans to retire. Peter Enns, currently global co-head of investment banking at HSBC Holdings PLC, will take over as chief financial officer on July 1, when Mr. Bancroft retires, Chubb said Friday. Mr. Enns joined HSBC in 2018… Continue reading Chubb Taps Investment Banker As Next Finance Chief
Ben Affleck Film ‘Hypnotic’ Producers File Suit Against Chubb Over Pandemic Clause
The producers of the Ben Affleck action film Hypnotic are suing their insurance company over its failure to extend existing production coverage without including a new, pandemic-related clause. Hypnotic, directed by Robert Rodriguez and backed by Solstice Studios and Studio 8, was set to head into production in April. But the project was postponed by… Continue reading Ben Affleck Film ‘Hypnotic’ Producers File Suit Against Chubb Over Pandemic Clause