People Moves: Oneglobal Appoints IRB’s Oka as CEO Reinsurance Brazil; Chubb Names 3 Senior Leaders for Financial Lines in UK, Ireland, S. Africa, Global Markets May 26, 2022 Oneglobal Appoints IRB’s Oka as CEO Reinsurance Brazil Oneglobal Broking announced the appointment of Adriano Oka as CEO Reinsurance Brazil....
Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market May 9, 2022 By Chad Hemenway The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace...
Chubb Posts Record Q1 P/C Underwriting Income April 26, 2022 By Chad Hemenway Chubb said first quarter 2022 net income fell to $1.97 billion compared with $2.3 billion during the same time a...
Chubb’s Greenberg: On War, Ex-CAT Reporting and Insurance Profits April 11, 2022 When Chubb published its 2021 annual report online this week, it contained more than the details of the best year...
Chubb Buys Renewal Rights of DUAL Asia’s Financial Lines Portfolio March 30, 2022 Chubb announced the completion of the agreement for the transfer of renewal rights of DUAL Asia’s financial lines portfolios in...
Chubb Must Pay Target for Breached Bank Cards After Court Reversal March 24, 2022 By Chad Hemenway In an “extraordinary remedy” of a judgment from a year ago, a federal court judge in Minnesota reversed a decision...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms March 24, 2022 By Siddharth Philip and Eliza Ronalds-Hannon Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave...
Experts Confirm Cyber Incidents Up Since Invasion of Ukraine; Insurance Underwriters Adapting March 16, 2022 By Elizabeth Blosfield Since the start of the war in Ukraine, the number of cyber incidents in the U.S. has increased, and underwriters...
Insurers Refuse to Pick Up Bill for Billions in Opioid Claims March 8, 2022 By Jef Feeley A multibillion-dollar bill is coming due for the U.S. opioid epidemic and insurers for some of the largest drug makers,...
Pandemic, Other Risks Weigh on Minds of Middle-Market Execs February 25, 2022 Most middle-market firms experienced a recovery following the height of disruptions caused by COVID-19 and remain mostly optimistic about the...