Chubb News

Chubb Introduces Online Workers’ Comp Policy System for Small Business Agents

Chubb has introduced a new online system for independent agents that will quote and issue a comprehensive workers’ compensation policy for small businesses. Chubb’s workers’ compensation policy for small business owners targets a range of industries, with coverage features such …

High-Net-Worth Individuals Concerned About Underinsurance: Chubb

More than half (54 percent) of high-net-worth individuals (HNWIs) are concerned that they are underinsured, with many worried their coverage is inadequate for their needs, according to new research published by Chubb. Despite this concern, out of 500 HNWIs surveyed …

Fairfax Financial to Pay More Cash, Less Stock, for Allied World

Toronto-based insurance group Fairfax Financial Holdings Ltd. said it would increase the cash component of its offer to buy Allied World Assurance Co. Holdings AG by $18 per share. The increase in the cash component of the offer would reduce …

Chubb Names Krishnan to Lead Global Accounts; Lakickas Is Division EVP

Chubb has announced two senior management appointments to its Global Accounts division, serving large and complex clients in Europe and around the world. Suresh Krishnan, currently executive vice president, Global Accounts, Overseas General Insurance, has been appointed to the newly created role …

Chubb Expands Global Cyber Facility with Multiline Peril Endorsements

Chubb has launched a suite of multiline cyber peril endorsements for its Global Cyber Facility to helps risk managers address exposure gaps in their insurance portfolio and respond to the concerns of their c-suite and board. First introduced in 2015, …

Chubb Promotes Parry to Claims Director, Europe, Eurasia & Africa

Chubb announced the promotion of Steve Parry, currently claims director for UK and Ireland, Operations and Integration, to the role of director of Claims, Europe and Eurasia & Africa. In his new role, Parry will have overall responsibility for strategy and delivery of the company’s …

Chubb Taps Allied World’s Müller as Property & Technical Lines Director, Europe

Chubb has appointed Alf Müller to the role of Property and Technical Lines director for Continental Europe, as it continues to evolve its client offering in the property, power generation (powergen) and construction insurance markets. In his new role, Müller …

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 …