Chubb
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While the pandemic offered some relief to commercial auto insurers, maintaining margins will be tricky to achieve given rate moderation.
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The franchise builder's call to pivot to a big buyback post-Hartford bid flags the challenges of M&A at its scale.
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The new repurchase authorization will follow an existing buyback program of $2.5bn, of which there is a remaining $65mn.
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McLaughlin succeeds Dean Andrighetto, who is retiring.
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The read-across from the extreme weather to losses is not simple and insurers may do better than would be assumed.
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Following strong year-to-date performance, P&C stocks were down in June after a change of tone in a Fed meeting.
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The Boy Scouts of America (BSA) and lawyers for sexual assault victims are close to a settlement in the largest bankruptcy case ever filed over childhood abuse, according to a report in the Wall Street Journal.
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New CEOs were not able to consistently create higher book value growth than their predecessors, and any growth achieved wasn’t maintained after five years.
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The long-serving Chubb executive will assist the new CFO from the newly created position.
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Lawyers have requested that a Delaware judge issue a court order to force Chubb to divulge paperwork about the 1995 and 1996 changes at INA.
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The carrier faces down an AGM rebellion, with the CEO approved in his dual role.
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Chubb discipline, Hartford reluctance and investor lassitude combine to impede a transaction.
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