Chubb CEO Evan Greenberg News

Affluent Market Rivals Not Making Much of a Dent in Chubb’s Business

Chubb’s high-net-worth personal lines insurance business may have some new competition, but Chairman and CEO Evan Greenberg and a key executive say those rivals haven’t made much of a dent. “From my point of view we don’t see a change …

Chubb CEO Says Lloyd’s Hasn’t Adapted to Changed World

Chubb President and CEO Evan Greenberg offered positive words about new Lloyd’s of London CEO John Neal, though he cautioned that the venerable insurance marketplace has a long way to go to address “long-term structural issues.” What’s more, Greenberg added, …

Chubb CEO Greenberg Is Patient Over M&A But Not With London Market ‘Drunks’

Don’t expect Chubb to pursue an acquisition anytime soon. Chairman and CEO Evan Greenberg repeatedly downplayed the possibility of one in what he referred to as an “overpriced” market. “The prices paid for recent transactions may make sense to others, …

UK Regulator’s Broker Probe May Make London Market More Competitive: Fitch

The UK Financial Conduct Authority’s review of the wholesale insurance broker market could help counter the trend of rising expenses for London market insurers, according to a Fitch Ratings briefing. This could make London more competitive with smaller hubs in …

UK Regulator to Probe Wholesale Insurance Broking Market

Britain’s financial services industry regulator is to launch later this week a long-promised investigation into competition in the wholesale insurance broking market, where one top executive has complained of “abusive behavior.” The Financial Conduct Authority said on Monday it would …

Chubb’s Greenberg Clarifies Criticism of Wholesale Brokers

In the London and other wholesale insurance markets, the practice of some brokers bundling similar accounts into high-volume portfolios to be more efficient and attract underwriters while still expecting bigger brokerage commissions has “gone beyond reasonable,” Chubb CEO and President …

Despite ‘Difficult’ Environment, Chubb Q1 Profit Tops $1 Billion

Chubb Limited reported net income for the quarter of $1.09 billion, compared with $439 million for the same quarter last year. Operating income was $1.17 billion, compared with $1.01 billion, for the same quarter last year. The insurer’s property/casualty (P&C) …

Strong Chubb 2016 Results Reflect Benefits of Merger: Greenberg

Chubb Limited CEO and Chairman Evan G Greenberg said that the company’s 2016 financial results have reflected the benefits of the nearly $30 billion ACE/Chubb merger that created today’s Chubb about one year ago. “Operationally and culturally, our integration efforts …

Chubb CEO Greenberg Reports ‘Excellent’ Q3 Results

The world’s largest publicly traded property/casualty insurance company, Chubb Limited, reported net income for the quarter ended Sept. 30, 2016 of $1.36 billion, or $2.88 per share, compared with $528 million, or $1.62 per share, for the same quarter last …

Chubb Weathers Q2 Disasters; CEO Greenberg Hits Anti-Trade, Anti-Immigration Politics

Chubb Ltd. weathered claims from major storms in Texas and other U.S. states, Canadian wildfires and earthquakes in Japan and Ecuador in the second quarter to record solid operating results. Operating income at the giant insurer formed with the merger …