Chubb

The Mayfield Consumer Products candle factory is one of the two most high profile large individual risk losses from the quad state tornado to date.

Carriers are planning for inflationary threats and have been responding to major catastrophes, while the InsurTech and broking markets have driven M&A drama.

Based in New York, the executive will report to Lou Capparelli, executive vice president of Chubb's global casualty unit.

Upon the agreement’s approval and payment, Century Indemnity Company and other Chubb units will obtain a broad release from BSA-related abuse claims.

The higher level of repurchases seen in Q3 will likely last longer than expected.

Insurance carriers tend to favor a negative outlook during their earnings calls, even when its unwarranted.

Rates in the P&C market continued to rise in the third quarter, with outsized increases for cyber insurance driving up the average change, according to data revealed in company third-quarter conference calls.

Moderating rates and elevated nat cat frequency and severity don’t negate margin improvement and stronger-than-expected EPS.

The chief executive also echoed the comments of RenaissanceRe’s CEO, who said that more than just climate change has contributed to higher catastrophe costs.

Greenberg said that open positions at Chubb had fallen “by not a small amount” and that the company was adding flexibility to its working model.

Commercial P&C net written premiums were up 22% in the quarter, with P&C NWP growing by 16.9% to $9.9bn overall.

Based in Chicago, the executive will report to global risk solutions president Mike Fallon.