Chubb
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Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY. -
Pre-tax cat losses were down 63% from the prior year quarter to $285mn.
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Activists from the left and the right are focusing on insurance, often on the same issues.
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The federal panel hasn’t finalized a timeline for formulating the new rules.
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Brian Church has spent 20 years at Chubb.
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Lupica moved to the role last year as part of a staggered handover of responsibilities to Juan Luis Ortega.
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The executive said record operating income and returns don’t indicate Chubb is “beleaguered”.
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He will drive the growth of Chubb's claims-made excess casualty facility.
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He joins the company after 22 years in casualty leadership roles at Chubb.
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The Delaware high court’s reasoning could find application in other cases.
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The state’s Supreme Court upheld two lower court decisions finding no liability.
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Teresa Black will succeed him as division president of North American surety.
