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Severe weather in March drove monthly and Q1 losses to historic highs. -
The executive will define strategic priorities and guide global growth.
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The carrier forecasts stable profits, but tariffs are creating “high uncertainty”.
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Reserve releases at Chubb rose to $255mn from $207mn a year ago.
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Imported goods account for 30%-50%+ of materials used for HNW homes, versus 15%-25% in standard houses.
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Rates for umbrella accelerated to 9.26%, from 8.76% in Q4 2024.
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The sale price represents Elephant’s approximate net asset value.
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Marsh alleges Aon also went after its clients as well as its employees.
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The specialty insurance platform has now exceeded $3.1bn in premiums.
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The Kelso and Arch-backed run-off player has retained Evercore to advise.
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SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
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The business will divide into US wholesale and specialty, and programmes and solutions.
