Chubb CEO Greenberg Says P/C Market ‘Reasonably Disciplined’ and Getting More Competitive

P&C underwriting performance improves except Person Lines

Property/casualty insurance pricing remains strong even while moderating somewhat over the second quarter, staying ahead of expected increases in loss costs, according to Chubb Ltd. CEO Evan Greenberg, speaking during the insurer’s quarterly earnings call. “The rate environment is naturally becoming a bit more competitive, particularly in certain casualty-related classes as more carriers seek to… Continue reading Chubb CEO Greenberg Says P/C Market ‘Reasonably Disciplined’ and Getting More Competitive

Hippo’s First Connect Insurance Marketplace to Offer Cyber Protection from BLINK by Chubb

First Connect and Blink announced today a collaboration to make personal cyber insurance protection available to independent agents that participate in First Connect’s insurtech marketplace platform. First Connect, a digital platform designed to provide independent agents with access to some of the nation’s top insurtech carriers, will offer a cyber protection insurance product underwritten by… Continue reading Hippo’s First Connect Insurance Marketplace to Offer Cyber Protection from BLINK by Chubb

USAA Insurance Agency to Offer Members Personal Cyber Protection from Blink by Chubb

Cyberattacks pose risk to creditworthiness

USAA Insurance Agency and BlinkSM by Chubb® today announced a collaboration to offer personal cyber insurance protection to USAA members and their families. The stand-alone insurance policy covers expenses related to a personal cyber event, including identify theft, fraudulent wire transfer, cyber bullying and ransomware extortion. Blink by Chubb offers a suite of Chubb-backed personal… Continue reading USAA Insurance Agency to Offer Members Personal Cyber Protection from Blink by Chubb

Chubb Adds Errors and Omissions Solution for Small Businesses into Its Award-Winning Digital Marketplace Platform

Chubb posts Q1 2024 profits

Chubb has added its Errors and Omissions solution to its award-winning Chubb Marketplace digital platform for agents and brokers. The upgraded solution, Pro ERM℠ (Enterprise Risk Management), provides small businesses with a single policy that addresses professional, media, and cyber exposures. Professional service firms may be held accountable for adverse situations resulting from standard services… Continue reading Chubb Adds Errors and Omissions Solution for Small Businesses into Its Award-Winning Digital Marketplace Platform

Allianz is Said to Consider Rival Bid for Hartford Financial

Allianz launches financial lines claims inhouse

Chubb Ltd.’s $23 billion takeover offer for Hartford Financial Services Group Inc. has prompted Germany’s Allianz SE to study the feasibility of a counteroffer, according to people familiar with the matter. Europe’s biggest insurer is discussing its options with potential advisers, said the people, asking not to be identified because the discussions are private. While… Continue reading Allianz is Said to Consider Rival Bid for Hartford Financial

High-End Home Insurers Take on Home Repairs

The best time to deal with a disaster is long before it strikes, insurance companies have found. To that end, more carriers are proactively taking on repairs and drafting action plans for their wealthy clients. High-end insurers like Chubb, Pure, AIG Private Client Group and Cincinnati Insurance increasingly use risk-management specialists to evaluate clients’ properties… Continue reading High-End Home Insurers Take on Home Repairs