Evan Greenberg has already built Chubb Ltd. into the second-largest U.S.-listed insurer, with a market value almost double that of American International Group Inc. — the industry powerhouse his father, Maurice “Hank” Greenberg, ran for years. Now he’s looking to get even bigger. Chubb’s proposed $23 billion acquisition of Hartford Financial Services Group Inc., announced… Continue reading Like Father, Like Son: Evan Greenberg Seeks Insurance Empire
Tag: Evan Greenberg
Chubb CEO Greenberg Warns Retroactive Measures Would ‘Bankrupt’ Industry
Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers pushing insurers to pay out some uncovered business-interruption losses. “The insurance industry is a fundamental part of the economic plumbing of this country,” Greenberg said in an interview Thursday. Forcing insurers to foot the bill for losses not covered by policies… Continue reading Chubb CEO Greenberg Warns Retroactive Measures Would ‘Bankrupt’ Industry
Chubb’s Greenberg: Insurance Market Firming
Chubb beat analysts’ forecasts with a $1.2 billion profit in the second quarter of this year, as chairman Evan Greenberg flagged up a hardening pricing environment. “We benefited from an improved pricing and underwriting environment, flight to quality from commercial insurance buyers, and our various global growth initiatives,” Mr Greenberg said in Chubb’s earnings statement.… Continue reading Chubb’s Greenberg: Insurance Market Firming