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Catastrophes drive lower Q1 income for Chubb

Re/insurance firm Chubb has reported a drop in income for the first-quarter, after higher than expected catastrophe losses negatively affected the re/insurers earnings, with northeast U.S. winter storms and the California mudslides the major driver of losses in the period.Chubb's experience in the first-quarter of 2018 is aligned with that read the full article →

Chubb starts 2018 with estimated $380m Q1 catastrophe loss

U.S. primary insurer Chubb has reported that its catastrophe losses from the first-quarter of 2018 are estimated to be $380 million net of reinsurance and before tax, which includes the impacts from the California mudslides.Chubb's preliminary catastrophe loss estimate of $380 million is expected to drop to $305 million after tax.The read the full article →

Chubb’s reinsurance ceded to ABR Re jumps 144% to $280m in 2016

Primary insurance and reinsurance group Chubb Ltd. dramatically increased its cessions of reinsurance premiums to total-return vehicle ABR Reinsurance Ltd. by 144% in 2016, ceding $288 million during the full-year.ABR Reinsurance Ltd. is Chubb's captive or self-reinsurance vehicle, which it established in 2015 after an $800 million capital raise as read the full article →