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...
Chubb Net Income Drops in Q4, More Than Doubles for Year February 2, 2022 By Chad Hemenway Chubb reported fourth quarter 2021 net income of $2.1 billion, a decrease of 11.5% compared to the same period the...
Swiss Re Corporate Solutions Promotes 2 in Engineering & Construction; Chubb Names Houghton Head of Distrib., UK & Ireland; Marsh Hires AXA XL’s Latham to Lead ART, UK&I February 2, 2022 This edition of International People Moves details appointments at Swiss Re Corporate Solutions, Chubb and Marsh. A summary of these...
Chile Insurtech Startup Betterfly Plans Overseas Expansion After $125M Funding Round February 1, 2022 By Carolina Millan Chilean insurance-tech startup Betterfly plans to expand overseas after its latest funding round swelled its valuation to $1 billion. The...
Insurers Making Waves with Wider Use of IoT Leak, Temp Sensors January 31, 2022 By William Rabb Wouldn’t it be nice, if, instead of relying on adjusters and restoration companies to surmise how much damage was actually...