Chubb
-
Mark Gregory will retire next March, while Sara Mitchell will initially join as a strategic adviser. -
The executive has 20 years of experience in environmental risk and sustainability.
-
The carrier writes all of its E&S business in the state through Arch Specialty Insurance Company.
-
The executive joined Chubb in 2013 as assistant VP and regional manager.
-
The conglomerate now owns around 27 million Chubb shares valued at roughly $6.9bn, compared to nearly 26 million in Q1.
-
The industry could weather a recession, unless loss costs and reserving pressures worsen.
-
-
The carrier recognized a goodwill of $256mn and intangible assets of $39mn from the transaction.
-
A quick roundup of today’s need-to-know news, including Chubb’s Q2 earnings call.
-
NA casualty pricing was up 11.7%, with rates increasing 9.9% and exposure up 1.6%.
-
Overseas GI cat losses rose to $157mn from $26mn while NA commercial cats were $252mn vs $231mn.
-
A roundup of today’s need-to-know news, including leadership changes at Chubb.
Most Recent
-
TIH’s Starwind confirms $270mn raise for Fractal Re sidecar
October 03, 2024 -
Broking M&A up 8% YTD to 490 deals at Q3: MarshBerry
October 03, 2024 -
JPI class faces potential loss after BMO appeal in Minnesota case
October 03, 2024 -
Daily Digest: Top news from October 3
October 03, 2024