Chubb News

Homeowners Often Overlook Mitigating Water Leak Risks: Chubb

The majority of homeowners do not view internal water leak damage as the most concerning home threat, despite the fact that water leaks are a more frequent risk than fire and theft, a new Chubb survey revealed. “The time between …

Chubb UK & Ireland Promotes Savvas to Head of Professional Indemnity

Chubb UK and Ireland has announced the appointment of Chris Savvas as head of Professional Indemnity (PI), as the company continues to develop its financial lines and PI capabilities. In his new role, Savvas will be primarily responsible for the …

Chubb’s Claims Team Taps Scheidegger, Latter from Zurich; Promotes Smith

Chubb announced the appointment of three new positions within its regional claims team. Marc Scheidegger has been appointed as claims director, Continental Europe, and will be based in Paris. With 22 years of experience in the insurance industry, Scheidegger joined …

Chubb Appoints Bertossi as VP, Global Underwriting, Succeeding Bonneau

Chubb Ltd. announced it has named Ross Bertossi vice president of Global Underwriting for Chubb Group. He succeeds Jacques Bonneau who announced his retirement. Bertossi will have responsibility for advancing underwriting excellence across the company, including general underwriting policy and …

Days of Cyber Insurers Avoiding Costly Claims May Be Numbered: Expert

Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global virus could change that. “It’s exceptionally likely that we will see an event over the next months that will seriously …

Chubb Launches New MasterPackage Policy for Tech Firms in UK, Ireland

Chubb has announced the launch of an expanded MasterPackage solution for technology companies domiciled in the UK and Ireland. The company described it as a comprehensive first and third party policy catering specifically “for the unique insurance needs of technology …

Chubb Opens Office in Reading, UK; Davison, Glover Appointed to Local Team

Chubb announced it has opened a new office in Reading, Berkshire, in the UK, and has appointed two key members to the local team, as it continues to build its local presence across the UK and Ireland. Mark Davison has …

Chubb Names Bryant as Regional Cyber Risk Manager, Europe

Chubb announced the appointment of Kyle Bryant to the newly created role of regional cyber risk manager, Europe. In his new role, Bryant will bring together Chubb’s dedicated local cyber risk expertise across its European region into a single practice. …

Many Non-U.S. Firms May Be Uninsured for Recent Ransomware Attack

Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber insurance, insurers say. A massive ransomware worm …

High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance

For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free marketing for what could be a $10 billion opportunity. …