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Chubb
What cyber insurers can learn from property insurance policies
October 3, 2022 by Alyssa DiSabatinoAn increase in frequency and severity of cyber insurance claims may be on the horizon, but insurers may be able to stick-handle this risk by taking inspiration from property insurance programs, said one cyber expert during a Canadian Underwriter webinar.…
Chubb Canada names new president
May 10, 2022 by Jason ContantPaul Johnstone has been named president of Canadian operations for Chubb, the P&C insurer announced Friday. Johnstone will assume the role of country president of the company’s business operations in Canada on July 1, subject to regulatory approvals. He will…
Are Canadian homeowners and renters overlooking flood risk?
May 9, 2022 by Jason ContantUnintentional damage during renovations — especially water damage — continues to be an overlooked risk for Canadian homeowners and renters, according to a recent study from Chubb. The Chubb 2021 Homeowners Risk Report: Trends in Home Renovations and Water Damage…
Risk management more important than ever to middle market firms, yet few turn to brokers for advice: Chubb report
October 22, 2021 Canadian Underwriter StaffRisk management has become a top concern for middle market companies surveyed following more than a year of pandemic and other related business disruption, data from Chubb has shown. According to Chubb’s Middle Market Indicator for Q2 2021, which surveyed…
Hartford board rejects unsolicited takeover offer from Chubb
March 24, 2021 by Greg MeckbachThe Hartford Financial Services Group Inc. announced Tuesday its board of directors is not in favour of a US$23 billion takeover offer from Chubb Limited. Both Chubb and Hartford own Canadian property and casualty commercial insurers. Zurich, Switzerland-based Chubb announced…
Hartford ‘carefully considering’ proposed $23-billion merger with Chubb
March 19, 2021 by Greg MeckbachChubb Limited is offering to buy The Hartford Financial Services Group Inc. for about US$23 billion. Chubb and Hartford each own property and casualty commercial insurers in Canada. Chubb is based in Zurich, Switzerland, while Hartford is based in the…
How much Chubb predicts COVID could cost the industry
February 4, 2021 by Greg MeckbachCOVID-19 could ultimately cost the global property and casualty insurance industry somewhere in the neighbourhood of US$75 billion in claims, Chubb Limited CEO Evan Greenberg suggested Wednesday. Zurich, Switzerland-based Chubb released its financial results for 2020 on Tuesday. During a…
Chubb names new president for Canada; Moore retiring
October 22, 2020 by Greg MeckbachCommercial insurer Chubb Canada is about to get a new president. Ellen Moore is retiring at the end of this year, Chubb announced Thursday. “I want to thank Ellen for the exceptional contributions she’s made during her 40 years at…
No layoffs in Canada for this Top 5 liability insurer
April 23, 2020 by Greg MeckbachDespite the massive disruptions from COVID-19, commercial insurer Chubb Limited is promising no layoffs in Canada. “Concerning our no-layoff pledge, we want our 33,000 employees around the globe to be assured that their jobs are secure at this difficult time,”…
Court sides with insurer in disputed marine cargo claim
September 4, 2019 by Greg MeckbachA large Canadian manufacturing multinational has lost a legal battle, although not necessarily the war, with Chubb Insurance Company of Canada over a marine coverage dispute. It started in 2013 when Cambridge, Ont.-based ATS Automation Tooling Systems Inc. sold machinery…
Why this marine cargo claim ended up in Canadian court
November 6, 2018 by Greg MeckbachCan a marine cargo policy cover damage to goods when they are transported thousands of kilometres by truck? This question will likely be considered by the Ontario Superior Court of Justice. A disputed claim – under a marine cargo policy…
Insurer CEO explains why Lloyd’s model must adapt
October 29, 2018 by Greg MeckbachIf the Lloyd’s insurance business model is going to survive, it needs to adapt to today’s digitized world, suggests the chief executive officer of a large global insurer. “The Lloyd’s marketplace is important to the industry but it has longer…