Chubb Limited announced the appointment of Paul Krump, currently Executive Vice President, Chubb Group and President, North America Commercial and Personal Insurance, to Vice Chairman, Global Underwriting and Claims. In this new leadership role, Mr. Krump will oversee high-level underwriting policy and standards-setting, and provide operational direction and oversight in underwriting execution across Chubb’s property… Continue reading Chubb Appoints Paul Krump Vice Chairman, Global Underwriting and Claims
Tag: Chubb insurance
Chubb Integrates North America Accident and Health Businesses
Chubb announced that it has integrated its North America Accident and Health (A&H) businesses to better address the needs of today’s middle market and large corporate clients and distribution partners. Effective immediately, Chris Martin, current President of Chubb Workplace Benefits, has been named Division President of Chubb North America Accident and Health. In this expanded… Continue reading Chubb Integrates North America Accident and Health Businesses
Chubb Commits $10 Million to Pandemic Relief Efforts Globally; Company Pledges No COVID-19 Layoffs
Chubb today announced that it is committing $10 million to pandemic relief efforts globally. The support will go to people and programs providing emergency frontline services and for assistance to the most financially vulnerable members of the community who have been impacted the hardest by the pandemic. Chubb will work with a range of partner… Continue reading Chubb Commits $10 Million to Pandemic Relief Efforts Globally; Company Pledges No COVID-19 Layoffs
Chubb Announces Q4 2019 Global Net Catastrophe Loss Estimates of $430 Million Pre-Tax
Chubb Limited today announced net catastrophe loss estimates for the fourth quarter of 2019 of $430 million pre-tax, or $353 million after tax. The losses are primarily attributable to severe weather-related events around the globe including tornadoes in Texas, wildfires in California, and Typhoon Hagibis in Japan, as well as civil unrest in Hong Kong… Continue reading Chubb Announces Q4 2019 Global Net Catastrophe Loss Estimates of $430 Million Pre-Tax
Chubb to Buy Added Stake in China’s Huatai Insurance for $1.53B
Insurer Chubb Ltd said on Monday it will buy up to an additional 22.4% stake in Chinese insurer Huatai Insurance Group Co Ltd for 10.8 billion yuan ($1.53 billion), as it looks to bank on a rapidly growing sector in the country. Chubb, which already holds nearly 27% stake in Huatai, said it would first… Continue reading Chubb to Buy Added Stake in China’s Huatai Insurance for $1.53B
DBS Launches Travel Marketplace with Singapore Airlines, Expedia, Chubb Insurance
Singapore’s DBS Bank announced the beta launch of its integrated travel platform, DBS Travel Marketplace, in partnership with Singapore Airlines, Expedia Partner Solutions, and Chubb Insurance Singapore. With the platform, consumers will be able to find flight fares and hotel rates for more than 25,000 global destinations, as well as free travel insurance coverage underwritten… Continue reading DBS Launches Travel Marketplace with Singapore Airlines, Expedia, Chubb Insurance
Teach For All and the Chubb Charitable Foundation Provide More Children with Access to Quality Education
Teach For All and the Chubb Charitable Foundation announced today an extension of their partnership through 2021. Chubb committed an additional $1.5 million grant over the next three years, bringing the Foundation’s total giving to Teach For All to $2.4 million. Driven by a shared mission to develop collective leadership to ensure all children can… Continue reading Teach For All and the Chubb Charitable Foundation Provide More Children with Access to Quality Education
Chubb Renews Global Prop Cat & Terrorism Reinsurance at April 1st
Global insurer Chubb has disclosed the terms of its reinsurance buying at the April 1, 2019 renewals, which saw it renew both its global property catastrophe and terrorism coverages. The company explained that the global property cat program, which applies to its North American and International operations, was renewed with modest enhancements in coverage from… Continue reading Chubb Renews Global Prop Cat & Terrorism Reinsurance at April 1st
Increased Chubb Ownership in Huatai Insurance Group Converts Chinese Company to Sino-Foreign Joint Venture
Chubb Limited today announced that it has received approval from the China Banking and Insurance Regulatory Commission to increase the company’s ownership in Huatai Insurance Group Company Limited to 26.2% from its current 20%, effective February 27, 2019. With the increased Chubb stake, Huatai Group becomes the first domestic Chinese financial services holding company to… Continue reading Increased Chubb Ownership in Huatai Insurance Group Converts Chinese Company to Sino-Foreign Joint Venture
Chubb European Group Completes Redomicile to France in Preparation for Brexit
Chubb European Group today announced that it has redomiciled its businesses from London to France effective January 1, consistent with its previously announced Brexit preparations. The move, which was approved by regulators in July 2018, provides Chubb customers with continuous, uninterrupted service regardless of the outcome of Brexit negotiations between the UK and the European… Continue reading Chubb European Group Completes Redomicile to France in Preparation for Brexit