The Chubb Corporation News

Chubb Q2 Profit Jumps 43% to $579M; Renewal Rates Up in All Business Units

The Chubb Corp. reported its 2013 second quarter net income of $579 million, a 43.3 percent increase from $404 million net income posted a year ago. The company said it benefited from higher rates and stronger underlying underwriting performance, which …

Chubb Estimates $570 Million Net Loss From Superstorm Sandy

The Chubb Corporation announced it estimates its losses from Sandy to be approximately $880 million before tax — or $570 million after tax.These amounts include estimated losses and loss expenses net of reinsurance recoverable and also include estimated reinsurance reinstatement …

Chubb Suspends Stock Buyback as It Counts Sandy Losses

Property/casualty insurer Chubb Corp. suspended its stock buyback program, because it has not yet been able to determine what its total costs related to Superstorm Sandy will be. The Warren, N.J.-based company is considered to be one of the insurers …

Chubb’s Q3 Profit Jumps 79%; Commercial Renewal Rates Up 8%

The Chubb Corp. reported $533 million net profit for its third quarter, up 78.8 percent from $298 million reported during the same period one year ago. The quarterly results got a boost from significantly lower catastrophe (CAT) losses as well …