Chubb News

Top Cyber Insurers: 2022 Ranking Reveals Sprinters, Market Share Shifts

In a year when cyber insurers notched the third-lowest industrywide loss ratio since 2015, and cyber premiums vaulted to $7.2 billion, a premium ranking shows two carriers growing more than 150% to landing in prominent top-10 spots. Fitch compiled and …

Chubb: No Duty to Defend Texas Subway Franchise in Killing Case

ACE American Insurance Company (Chubb) says it has no duty to defend a Texas Subway franchise sued by the family of a former worker killed on site by an ex-boyfriend. In a complaint for declaratory relief filed last week in …

What to Expect: WTW Spring Commercial Insurance Forecasts Mixed

In striking contrast to last year’s double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for cyber coverage, some buyers renewing those coverages this spring won’t see their insurance bills increase at all. And many will …

Methane-Tracking Satellites Catch Polluters

Think of them as speed cameras, but for methane. Just like roadside instruments used to identify drivers breaking traffic rules, new powerful satellites are starting to catch oil and gas operators releasing the planet-warming gas into the atmosphere. At least …

People Moves: Howden Names Holz as CEO for Germany, Creating Howden Deutschland; Chubb Promotes Vaughan for High Net Worth Insurance Business in Europe

This edition of International People Moves details appointments at Howden Broking and Chubb. A summary of these new hires follows here. Howden Names Holz as CEO for Germany, Creating Howden Deutschland Howden, the London-based international insurance broker, announced the appointment …

People Moves: Chubb Appoints Camp North America Business Development Leader; Ramsey to Lead NEXT Agent Business

Chubb Appoints Camp North America Business Development Leader Chubb has appointed Annmarie Camp as North America business development leader, part of the company’s North America field operations. Camp has over two decades of insurance industry experience. Since joining Chubb in …

Market Basket Owner Accuses Chubb of ‘Lowballing’ and Risking Further Liability

Insurer Chubb has been accused of “lowballing” offers in the settlement of an employee class action that the owner of a popular New England grocery chain was motivated to close out due to fears that further discovery might reveal damaging …

People Moves: Chubb’s O’Brien Named CRO, Ringsted to Lead Digital Business; Azzolino to Head The Hartford’s Global Specialty Digital Solutions

Chubb Limited announced that Frances O’Brien has been appointed executive vice president, Chubb Group, and chief risk officer, effective April 1. O’Brien was senior vice president, Chubb Group, and deputy chief risk officer, a position she held since January 2022. …

People Moves: Chubb Names Chasseguet as Country President, France; MGA Pen Taps Gallaghers’ Alsegard as Head of IP; McLarens Appoints 5 for Mideast Team

This edition of International People Moves details appointments at Chubb, the MGA Pen Underwriting and loss adjuster McLarens. A summary of these new hires follows here. Chubb Names Chasseguet as Country President for France Chubb announced the appointment of Benoit …

Climate Activists Tell Insurance CEOs to Stop Covering Carbon Projects ‘Immediately’

A group of climate activists has called on 30 insurance company bosses to “immediately” stop underwriting new fossil fuel projects in the wake of a stark climate warning from U.N. scientists, a letter seen by Reuters showed. Insure our Future, …