Chubb
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The panel aimed to highlight “synergies” between insurance and litigation finance. -
The executive replaces Mike Warwicker, who left the firm earlier this year.
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Burford’s CEO said Chubb is inappropriately using its corporate power.
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Philip Enan joins following 11 years at Chubb.
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The two parties seek to delay a judge’s summary judgment order.
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The executive had served as chief investment officer since 2000.
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The program will succeed the previous buyback launched in 2023.
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The CEO spoke after Chubb chief executive Evan Greenberg’s call to action at RIMS.
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Writing credit wraps for LitFin firms and steering third-party assets to them should stop.
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The take-up rate will depend on the price discount and market segment.
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The carrier said it is prepared to drop asset managers, lawyers, banks and brokers.
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During first quarter earnings calls, insurers argued that they can mitigate volatility.
