Chubb
-
The conglomerate now owns around 27 million Chubb shares valued at roughly $6.9bn, compared to nearly 26 million in Q1. -
The industry could weather a recession, unless loss costs and reserving pressures worsen.
-
-
The carrier recognized a goodwill of $256mn and intangible assets of $39mn from the transaction.
-
A quick roundup of today’s need-to-know news, including Chubb’s Q2 earnings call.
-
NA casualty pricing was up 11.7%, with rates increasing 9.9% and exposure up 1.6%.
-
Overseas GI cat losses rose to $157mn from $26mn while NA commercial cats were $252mn vs $231mn.
-
A roundup of today’s need-to-know news, including leadership changes at Chubb.
-
Diego Sosa will head up northern Latin America while Mario Romanelli will lead southern LatAm, excluding Brazil.
-
Two new promotions follow on the heels of appointments announced Tuesday.
-
He was also appointed to vice president of Chubb Group.
-
It is understood that the executive will report to Scott Meyer, now COO for NA Insurance.
