Chubb
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CEO Greenberg cited ‘competing priorities’ in his annual letter to shareholders. -
The move combines two units in the North America middle market division.
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Last year, the firm consolidated financial and excess liability lines under the leadership of Richard Porter.
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Delegated underwriters are seeing an opportunity to write in the PVT market as an add-on to property coverage.
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Under the new guidelines, the carrier is requiring more distance from the brush.
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Former PRS president Ana Robic was promoted to regional president.
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The executive succeeds Lou Capparelli, who becomes global casualty chairman.
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Andy Houston will be based in London, reporting to Mark Roberts, division president UKISA.
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Changes in cat activity and social inflation have impacted carriers focused on the mid- and small commercial market.
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The carrier has been reducing its exposure to the area where the wildfires occurred by over 50%.
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Chubb’s Q4 cat losses more than doubled to $607mn, driven by Hurricane Milton.
