Chubb News

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 …

More Insurers Disclosing Climate Change Risks, Report Shows

Insurers in the U.S. are increasingly willing to disclose their risk management practices related to climate change, and that in part may be attributable to last year’s global accord in Paris and shifting attitudes in the business world on the …

Chubb, Assurance, American Financial Tops in P/C Insurer Performance: Fitch Rating

Niche property/casualty insurer Assurant Inc., diversified multi-line writer The Chubb Corp. and specialty commercial lines insurer American Financial Group Inc. are ranked the top three performers over the most recent five-year period in a Fitch Rating report. The statutory financial …

Chubb Expands Cyber Risk Engineering Offerings Into the U.K., Ireland

Chubb has expanded its cyber risk engineering capabilities in the U.K. and Ireland, as it continues to invest in building its cyber enterprise risk management proposition in the region. Chubb’s U.K. and Ireland dedicated cyber risk engineering team, headed by …

Chubb Promotes Navakas to New York Overseas General Insurance Division

Property and casualty insurance company Chubb has promoted Raimund Navakas to executive vice president of its Overseas General Insurance division based in New York. In this role, Navakas will continue to lead the division’s risk engineering practice and will be …

Europe’s Top Cedents Saw Cessions Jump by Double Digits in 2015: A.M. Best

Europe’s top cedents reported a double-digit hike in cessions for 2015 compared to the previous year. The trend stems from their taking advantage of cheap and bountiful reinsurance capacity, A.M. Best said in a new report. The continent’s 20 largest …

Renters’ Insurance and Millennials: If You Make it Simple, They Will Come

There’s a new website aimed at changing the way millennials deal with buying insurance – but it’s focused on a widely under-served segment of the insurance market – renters’ insurance. Launched by two young insurance agents Tom Austin and Zachary …

Brazilian Corruption Probes Lead to D&O Market Boom

Insurers who sell policies limiting executives’ liability from lawsuits have seen a surge in business thanks to a sprawling Brazilian corruption probe involving state-controlled Petroleo Brasileiro SA and a rash of corporate bankruptcies. The country’s so-called directors & officers (D&O) …