Canadian Underwriter


News Appointments

New Allianz head of global liability has Canadian roots

October 10, 2018 by Greg Meckbach

Ciara Brady, who previously worked in Toronto for both Swiss Re and Chubb, becomes head of global liability for Allianz Global Corporate and Specialty effective Jan. 1, AGCS announced Tuesday. Brady will work out of Zurich and succeed Michael Hohmann

News Earnings / RatingsInsurance

Chubb takes stand on sacrificing market share to maintain underwriting profit

April 7, 2018 by Greg Meckbach

Chubb Ltd. is willing to lose customers if they are not willing to pay higher prices for insurance. “We sacrifice market share (though not happily) in order to maintain an underwriting profit,” Evan Greenberg, chairman and CEO of Chubb Ltd.,

News ClaimsInsuranceMarkets / CoveragesTechnology

For how long will a ransomware attack knock out your client’s operations?

March 5, 2018 by Jason Contant

Companies in Canada and the United States can expect one week of downtime as a result of a ransomware attack, speakers said at NetDiligence’s recent Cyber Risk Summit in Toronto. “A decryption effort, even in the best case scenario, is

News InsuranceMarkets / CoveragesTechnology

Insurer launches new Cyber Alert app

November 14, 2017 by Canadian Underwriter

Chubb announced on Tuesday the launch of its Cyber Alert mobile app, designed to offer Canadian and U.S. commercial cyber customers “rapid incident response options and resources in the event of a cyber incident.” The Cyber Alert app provides policyholders

News Earnings / RatingsInsuranceMarkets / Coverages

Chubb reports P&C combined ratio of 110.8% for third quarter of 2017

October 30, 2017 by Canadian Underwriter

Chubb Limited has reported a P&C combined ratio of 110.8% for the third quarter of 2017, up 24.8 points from the same quarter last year and “driven by significant catastrophe losses.” “While it was a tough quarter for cats, it’s

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProductsTechnology

Chubb broadens cyber enterprise risk management solutions for Canadian and American clients

August 30, 2017 by Canadian Underwriter

Chubb announced on Wednesday that it has broadened its enterprise risk management solutions for Chubb commercial cyber policyholders in the United States and Canada. Two new policy forms, Cyber Enterprise Risk Management and DigiTech Enterprise Risk Management, combine cyber insurance


Chubb Charity Challenge Golf Tournaments

July 31, 2017 by Canadian Underwriter

For the 18th consecutive summer, Chubb held its Charity Challenge golf tournaments across North America. The three-city Canadian contingent raised a combined $67,500 for various charities. Congratulations to the winning broker foursomes, who represented Lussier Dale Parizeau Inc. (Montreal), Jones

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Chubb reports P&C combined ratio of 88% for Q2 2017

July 26, 2017 by Canadian Underwriter

Chubb Limited has reported a P&C combined ratio of 88% for the second quarter of 2017 ending June 30, down 3.2 points from 91.2% in the same quarter last year. Chubb released its financial results on Tuesday. The insurer reported

News ConstructionInsuranceLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsTechnology

Chubb’s multi-line practice to focus on large transportation clients in U.S. and Canada, help address wide range of risks

July 20, 2017 by Canadian Underwriter

Chubb’s newly launched multi-line industry practice will focus on providing insurance products, service and risk management solutions for best-in-class large risk transportation clients in both the United States and Canada. The formalization of the practice, within the insurer’s Major Accounts

News InsuranceMarkets / Coverages

Chubb increases insurance capacity for terrorism, political risk

June 13, 2017 by Canadian Underwriter

Chubb Limited announced Monday it will offer “new increased capacity,” up to US$150 million or 150 million euros, covering terrorism political risk and war risks. “Chubb has increased its terrorism and political violence capacity per account by 300% in the

Photos InsuranceTechnology

Chubb Insurance Thought Forum, June 5, 2017

June 5, 2017 by Canadian Underwriter

On June 5, Chubb hosted an exclusive Insurance Thought Forum, featuring Evan Greenberg, Chairman and CEO of Chubb Limited/Group, and the company’s executive team. Approximately 100 Chubb clients and brokers attended the session at Toronto’s Four Seasons Hotel, where Greenberg

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Chubb net income up 149.2% to US$1.09 billion in Q1 2017

April 26, 2017 by Canadian Underwriter

Chubb Limited has reported a 149.2% increase in net income for the first quarter of 2017 ending March 31, from US$439 million in Q1 2016 to US$1.09 billion in the most recent quarter. Operating income was US$1.17 billion, up 15.3%