Chubb

Trucking companies, having already increased self-insured retentions by millions, will need to contend with further rate increases into 2024.

The firm’s acquisition of accident & health and life business in East Asia eliminates the chance that a merger with The Hartford will go through.

The rating agency said Asia-Pacific supplemental A&H and life insurance markets represent a long-term growth area for Chubb.

The transaction will near-double the size of Chubb’s A&H book and increase its Asia premium from $4bn to $7bn.

Inside P&C's Research team looks at the prospects of Florida's wave of new arrivals.

The executive will succeed Bill Hazelton, who was appointed to a new role focused on strategic initiatives for North America.

Speaking at InsureTech Connect, the CEO also said that while advancing the use of technology was important, the idea that InsurTechs would fundamentally change underwriting was “just hype”.

Amy Feller will succeed Tucker as regional executive officer for the New York region, Chubb’s largest in North America.

Nazir boasts 20 years of industry experience, and has served at Chubb for nearly four years.

The surge likely reflects talk in the buy-side community fuelled by tracking the latter's private jet.

The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.

The newcomers are finding it more difficult to disrupt the sector than they had expected.