Chubb News

Chubb Launches Digital Team for Continental Europe and UK & Ireland

Chubb has announced the creation of a new digital team for Continental Europe (CE) and the United Kingdom & Ireland (UK&I). The team has been formed to develop and execute the insurer’s plans to broaden its digital product and service …

How to Address the Next Uninsurable Pandemic — A Black Swan Event

There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout from COVID-19 has left insurers issuing existential warnings and businesses discovering they weren’t covered. It’s resulted in courts packed with …

Chubb Weathers $1 Billion in Catastrophes, Gains New Business in COVID Economy in 3Q

Chubb’s net income grew by 9 percent in the 2020 third quarter, which CEO Evan Greenberg credited to rate hikes and improving underwriting conditions despite a tough environment shaped by the COVID-19 pandemic. The tough environment also included pre-tax catastrophe …

Insurance Consumer Advice for Buyers of High-Risk Homes: Liz Weston

When house hunting, the price of homeowners insurance probably isn’t top of mind. But homes with hidden risks can make getting coverage difficult, expensive or both. Learning how to identify them could save a homeowner a bundle. This could be …

Chubb Names Updyke as Division President of Chubb Small Business

Insurer Chubb has named Jeffrey Updyke as vice president, Chubb Group, and division president, Chubb Small Business. In this capacity, Updyke will have executive responsibility for Chubb’s retail insurance business that serves small commercial clients in the U.S. and Canada. …

Chubb Appoints Sosa to Lead Operations in Japan

Chubb Limited announced that Diego Sosa has been named regional president, Far East. Currently, chief operating officer for Chubb in Brazil, Sosa in his new role will have overall responsibility for the management and business results of Chubb’s general insurance …

British Theatres, Concerts Say Shows Will Go on Only With Insurance Help

British theaters and live music venues say the show will only go on if the government provides a financial backstop, as the COVID-19 pandemic means they can no longer get commercial insurance. While venues for indoor live performances are not …

Chubb Signs Onto Multi-Year Sponsorship of U.S. Tennis Open

The U.S. Tennis Association announced that insurance carrier Chubb has become the official insurance sponsor of the U.S. Open under a multi-year agreement that begins immediately. Chubb’s branding will be featured in on-court signage in Arthur Ashe Stadium, Louis Armstrong …

Chubb Names Lupica President, North America; Krump Vice Chair, Global Underwriting, Claims

Global insurer Chubb announced appointments to two new executive positions. Chubb has named John Lupica as president of North America Insurance, the company’s largest division. Lupica is currently vice chairman, Chubb Group, and president, North America Major Accounts and Specialty …

Zurich Insurance Decides Not to Renew Cover for Canada’s Trans Mountain Oil Pipeline

Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for the project, which is opposed by environmental campaigners and some indigenous groups. All financial services companies are under pressure from …