What’s New: In Brief (June 09, 2009)

Paul Johnstone has been appointed manager of Chubb Personal Insurance, Canadian zone, Chubb Insurance Company of Canada.
He assumed the role effective May 11, 2009.
Johnstone brings 15 years of industry experience to his post, having served in underwriting, marketing and management positions at Chubb, according to a company release.
He first joined Chubb in 1994 as an underwriting trainee; before that, he worked as manager and underwriter of facultative reinsurance at another firm.
He returned to Chubb in 2000 to take on the marketing manager role for Ontario.
Most recently, he was manager for Chubb Personal Insurance, responsible for Ontario.

The May 2009 composite rate for commercial property and casualty coverages in the United States was down 6%, according to MarketScout.com.
This is compared to minus 7% in April 2009 and minus 11% in May 2008, the site reported.
Workers’ compensation is down the most, at 7%, followed by BOP, general liability and umbrella/excess at 6%.
Commercial property, business interruption, inland marine, professional liability, crime and surety are down by 5%.