Chubb News

Why Its Bid for The Hartford Is a Personal Lines ‘Chess’ Move by Chubb

While Chubb’s $23.2 billion opening bid for The Hartford appears to be mostly a commercial lines play to many observers, one experienced industry observer has a different take on it. Chubb CEO Evan Greenberg would certainly welcome what The Hartford …

Chubb’s Offer to Acquire Rival Hartford: $23.2 Billion

Chubb Ltd., the global insurer led by Evan Greenberg, proposed an acquisition of Hartford Financial Services Group Inc. for about $23.2 billion in cash and stock in what could be one of the industry’s biggest deals in years. The New …

Chubb Explores Acquisition of $22 Billion Rival Hartford: Bloomberg

Chubb Ltd., the global insurer led by Evan Greenberg, is exploring an acquisition of Hartford Financial Services Group Inc. in what could be one of the industry’s biggest deals in years, people familiar with the matter said. The New York-listed …

Insurance Industry Groups Join Forces to Help UK Career-Break Women Return to Work

Nine leading insurance industry businesses announced the creation of a program in the UK that will enable “career-break” professionals to return to work. The program will enable participating firms to tap into the “forgotten army” of experienced women who are …

Canada’s Trans Mountain Pipeline Wants to Keep Insurers Secret from Project Protestors

Trans Mountain Pipeline LP is petitioning to keep the insurers of its controversial Canadian oil sands pipeline confidential as environmental groups urge insurance companies to drop their coverage. The pipeline company normally discloses the insurance companies in a so-called Financial …

Chubb Names Kelaher as Country President for Australia and New Zealand

Chubb announced it has appointed Peter Kelaher as country president for Australia and New Zealand. In his new role, Kelaher, who is currently senior vice president and head of Property and Casualty (P/C) for Australia and New Zealand, will have …

Chubb’s Digital Blink Targets Consumer Sales via Partner, Affinity Companies

Chubb has launched a digital platform for selling selected insurance coverages to “digitally savvy” consumers, primarily through affinity, company and digital broker partners of Chubb to their members, employees and customers. The platform, Blink by Chubb, represents a new brand …

Chubb’s Q4 ‘Excellent’ Results Boosted by Commercial Lines Price Hikes

Global insurer Chubb reported fourth quarter results for 2020 significantly better than the same period in 2019. For the 2020 fourth quarter, Chubb’s net income grew significantly higher, as did its net premiums written, which expanded by double digits for …

Banker Enns to Succeed Retiring Chubb CFO Bancroft

Chubb announced that Philip Bancroft, executive vice president of Chubb Group and chief financial officer, plans to retire from the company on July 1 after 19 years of service. Peter Enns, an investment banker who was most recently the Global …

Social Inflation Lesson: Not Settling Cost Insurer Millions in Suit by Excess Insurer

The defense team for Chubb Group’s Ace American Insurance Co. was confident that no jury would award more than $2 million in a wrongful death lawsuit filed by the family of Mark Braswell, who died on May 16, 2014 when …