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.
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Insurers did not see a slowdown in rate but some are still fine-tuning their portfolios following the LA fires.
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The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March.
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Loss trend concerns persist, but insurers are vouching on the opportunity to push for more rate increases.
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The carrier's Q2 reserve releases rose to $249mn from $192mn on favorable NA personal development.
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The company also encouraged insurers and brokers to support the initiative.
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In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
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When it comes to sympathetic juries, high net worth individuals are under the same pressure as corporations.
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The January wildfires did little to hamper their appetite, apart from California.
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The transition will be implemented starting October 15.
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The broader legislation narrowly passed the Senate and now heads to the House.
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Jim Williamson said litigation funding had evolved into an investment class.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
