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The Insurance Insider US news team runs you through the earnings results for the day. -
The company will continue to deploy additional limit in property cat through mid-year, the firm’s CUO added.
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The company’s diverse portfolio could provide protection, but has heavy exposure in construction and transportation.
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However, the firm will take a “conservative approach” until the improvements are shown in data.
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Lucy Clarke said the broking business was resilient in the face of macro challenges.
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CEO Marchioni said the overall hit would likely be “in the low single digits”.
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Organic growth was flat on the prior year and in line with Q4 2024 figures.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Of the $170mn cat losses outside LA wildfires, US cat activity accounted for 74% and international cats 26%.
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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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The legacy carrier reported an operating loss of $45.3mn for the year.
