Chubb
-
The executive succeeds Lou Capparelli, who becomes global casualty chairman. -
Andy Houston will be based in London, reporting to Mark Roberts, division president UKISA.
-
Changes in cat activity and social inflation have impacted carriers focused on the mid- and small commercial market.
-
The carrier has been reducing its exposure to the area where the wildfires occurred by over 50%.
-
Chubb’s Q4 cat losses more than doubled to $607mn, driven by Hurricane Milton.
-
The carrier named Jason Neu, financial lines EVP for its E&S subsidiary Westchester, to succeed Stapleton.
-
The E&S lines division adds property, casualty and financial lines.
-
The company’s stock price has plummeted in the wake of the LA wildfires.
-
A Delaware judge ruled that a “bump-up” exclusion was inapplicable.
-
The storm caused major damage to one of the drinks company’s warehouses in Tennessee.
-
The carrier had $300mn of favorable development in Q3, mostly led by short-tail lines and ex-workers' comp.
-
The commercial carrier also reported a Hurricane Milton pre-tax net loss forecast of $250mn-$300mn.
Related
-
Chubb elevates Haney to president, COO of global surety
August 11, 2025 -
Chubb paid $321mn for Liberty Mutual’s Thailand business
July 29, 2025