Chubb News

Chubb Loses Bid to Enforce D&O Coverage Exclusions in Opioid-Related Case

A federal judge in North Carolina has ruled against a Chubb subsidiary in an attempt to rid itself of defense-cost obligations in opioid-related litigation by enforcing two policy exclusions. According to court documents in U.S. District Court for the Middle …

People Moves: Allianz Commercial Promotes Warren-Upham to Lead London Mkt Distribution; Chubb Appoints Kopp to Lead Far East Region, Mo for Korea

This edition of International People Moves details appointments at Allianz Commercial and Chubb. A summary of the new hires follows here. Allianz Commercial Promotes Warren-Upham to Lead London Mkt Distribution Allianz announced Alastair Warren-Upham has been appointed head of Distribution, …

Markets/Coverages: Chubb Launches Vehicle Tracking System in UK to Stymie Car Theft

Chubb has launched a vehicle tracking system in the UK to help protect the insurer’s customers from car theft. With criminals now often targeting high-value vehicles – particularly “keyless” models – Chubb S5 Vehicle Tracker and Chubb S5 Vehicle Tracker …

People Moves: Xceedance Names Tiwari President, EMEA/APAC; Chubb Climate+ Appoints Prunier for Int’l Operations; Howden Taps Aon’s Green for Property

This edition of International People Moves details appointments at Xceedance, Chubb, and Howden. A summary of these new hires follows here. Xceedance Names Tiwari President, EMEA & APAC Xceedance, the Boston-based provider of technology and digital solutions, claims services, and …

Chubb Seeks 49% of India’s Kotak General Insurance, Has Edge Over Zurich: Sources

U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has become a more favored suitor than Zurich Insurance Group, two people with direct knowledge of the discussions said. Chubb has an edge …

People Moves: Hearn to Step Down as Inver Re’s CEO; TMK Taps Munich Re’s Partridge as Cargo U/W in London; Chubb Names Mostert South Africa Country President

This edition of International People Moves details executive changes and appointments at Inver Re, Tokio Marine Kiln and Chubb. A summary of these new hires follows here. Hearn to Step Down as Inver Re’s CEO Inver Re, the reinsurance broking …

People Moves: Marsh Names Butler as UK Cyber Leader; Chubb Appoints O’Donnell COO, Global Reins.; Everest Insurance Taps Marsh McLennan’s Leney to Lead APAC

This edition of International People Moves details appointments at Marsh, Chubb and Everest Insurance. A summary of these new hires follows here. Marsh Names Butler as UK Cyber Leader Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment …

Top Cyber Insurers: 2022 Ranking Reveals Sprinters, Market Share Shifts

In a year when cyber insurers notched the third-lowest industrywide loss ratio since 2015, and cyber premiums vaulted to $7.2 billion, a premium ranking shows two carriers growing more than 150% to landing in prominent top-10 spots. Fitch compiled and …

Chubb: No Duty to Defend Texas Subway Franchise in Killing Case

ACE American Insurance Company (Chubb) says it has no duty to defend a Texas Subway franchise sued by the family of a former worker killed on site by an ex-boyfriend. In a complaint for declaratory relief filed last week in …

What to Expect: WTW Spring Commercial Insurance Forecasts Mixed

In striking contrast to last year’s double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for cyber coverage, some buyers renewing those coverages this spring won’t see their insurance bills increase at all. And many will …