Chubb News

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 caused …

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. …

Chubb Forms ‘Custom Industry Solutions’ Product, Creates London Region

Chubb announced it has created a “Custom Industry Solutions” product cluster in UK and Ireland, which will bring together its life science, info tech, package and entertainment industry segments. This new product cluster is designed to meet the evolving needs …

Chubb’s Oldest Active Subsidiary Receives Pennsylvania Historical Marker

Chubb, in collaboration with the Pennsylvania Historical and Museum Commission (PHMC), has dedicated a Pennsylvania historical marker to the Insurance Company of North America (INA), Chubb’s oldest subsidiary company. The marker was unveiled during a ceremony at Chubb’s office in Philadelphia, Penn., and commemorates INA’s 225-year …

Political Risk Tops List of Worries for Insurers Across Globe: GS Survey

Political risk is the biggest concern this year for insurers globally, following several shock outcomes in 2016, a survey of insurers managing $10 trillion in assets showed on Thursday. Political events have overtaken issues such as worries about an economic slowdown in …

Global Protectionism Risks Economic Growth: Zurich, Atlantic Council

A rise in global protectionism stemming from a backlash against free trade and globalization could have significant impact on economic growth, poverty levels and the potential for military conflict, according to a new report from the Atlantic Council and Zurich …

Chubb’s Combined Insurance Moves to Chicago’s Triangle Plaza

Combined Insurance, a provider of individual supplemental accident, disability, health and life insurance products, and a Chubb company, has moved from its Glenview, Ill., office into Chicago’s Triangle Plaza, effective April 10. Approximately 300 Combined Insurance employees are based out …

Chubb Promotes Samuel as Head of Power & Utilities for Asia

Chubb has appointed Titus Samuel as the new head of Power and Utilities for Asia. Samuel will be based in Singapore and will report to Mick Peacock, head of Power and Energy for Asia Pacific. Prior to his new appointment, Samuel was Chubb’s Power Risk Engineer …

Chubb Returns Stolen Norman Rockwell Painting 40 Years After Theft

More than 40 years after the theft of Norman Rockwell’s Boy Asleep with Hoe – also known as Lazy Bones or Taking a Break – the painting has been returned to the family of its original owners following a ceremony with Chubb and the FBI in Philadelphia, Penn. …

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 …