Chubb News

Chubb Global Markets Names Novae’s Clarke as Senior Casualty U/W

Chubb Global Markets, the London-based wholesale insurance division of Chubb, announced the appointment of Lee Clarke as senior casualty underwriter. In his new role, Clarke will be primarily responsible for the management and profitable growth of Chubb Global Market’s casualty …

Chubb Expands Cyber Risk Mitigation Offerings

Chubb has expanded its suite of cyber loss mitigation services for U.S. and Canadian policyholders to reduce the impact and likelihood of a cyber incident. Chubb’s expanded suite of cyber services for loss mitigation includes: Password Defense—Available to Chubb cyber policyholders’ employees, …

Fairfax Plans to Raise $1 Billion in IPO for Fund to Make Africa Investments

Fairfax Financial Holdings Ltd., the Canadian insurer that made its largest acquisition last week, is selling shares in an initial public offering for a fund that will make investments in Africa. The company is seeking to raise as much as …

Chubb Names Lambourne as Head of Multinational Claims, Overseas General Insurance 

Chubb announced that Graham Lambourne, currently Global Clients Claims manager, Europe, has been promoted to the role of head of Multinational Claims for Overseas General Insurance. Lambourne will be responsible for further refining and enhancing Chubb’s multinational claims capability, working with colleagues in North …

10th Annual IICF Northeast Charitable Gala in New York Raises Record $1.4M

The Insurance Industry Charitable Foundation (IICF), a nonprofit organization working with the insurance industry to help communities and enrich lives, has announced that more than 900 insurance professionals attended its 10th annual Northeast Benefit Dinner on December 14th at New York City’s …

Canada’s Fairfax to Buy Switzerland’s Allied World for $4.9B in Cash, Stock

Fairfax Financial Holdings Ltd., the Canadian investment and insurance company, agreed to buy Allied World Assurance Co. for $4.9 billion in cash and stock in Chief Executive Officer Prem Watsa’s biggest purchase. Fairfax will pay $54 per share, which is …

Chubb Appoints Updyke to Lead Commercial Insurance Operations

Chubb, the world’s largest publicly traded property and casualty insurance company, has appointed Jeffrey Updyke as regional manager for the Northeast and Mid-Atlantic Regions of the company’s commercial insurance division in North America. In this role, Updyke will be based …

Insurers’ Financial Strength, Brokers’ Expertise Drive Satisfaction in Large Commercial Market: J.D. Power

The profitability of an insurance company and the quality of advice given by an insurance broker makes the most difference when it comes to customer satisfaction for commercial insurance, a new industry study revealed. According to the J.D. Power 2016 …

Chubb Appoints Reiss as Executive Vice President in New York

Chubb, the world’s largest publicly traded property and casualty insurance company, has appointed Steven Reiss as executive vice president and real estate and hospitality industry practice leader. He will be based in New York and will report to Chris Maleno, …

Chubb Launches Liability Coverage Suite to Protect Family Offices in Canada 

Chubb has launched a new suite of insurance coverages to help family offices* manage their liability exposures. Called the “Family Office Amplifier,” Chubb said the product addresses “the wide spectrum of family office risks including professional liability, trustee liability and …