ABR Reinsurance Capital Holdings

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Chubb’s ABR Re stake grows, importance as reinsurance capital rises

Chubb, the global primary insurance carrier and reinsurance company, has increased its ownership stake in its strategically important total-return and third-party capitalised reinsurance joint-venture ABR Re, as its importance as a reinsurance provider to the Chubb group continues to grow. ABR Reinsurance Capital Holdings Ltd., the parent and ABR Reinsurance Ltd. read the full article →

Chubb reports $1.8bn cat loss hit for Q2, $1.37bn from Covid-19

U.S. and global primary insurance carrier and reinsurance company Chubb, has pre-announced a massive just over $1.8 billion hit from global catastrophes and the Covid-19 pandemic for the second-quarter of the year, setting the stage for other large loss hits from major players. Chubb had previously said it would categorise the read the full article →

Chubb classifies Covid-19 as a catastrophe event

Chubb, the U.S. and global primary insurance carrier and reinsurance company, is classifying the Covid-19 pandemic as a catastrophe loss event and expects it to have a meaningful impact on earnings in the second-quarter. In announcing its first-quarter results yesterday, Chubb revealed just $13 million of pre-tax losses due to the read the full article →

Chubb expects $453m Q4 catastrophe & crop losses after reinsurance

U.S. and global primary insurance carrier and reinsurance company Chubb has announced an expected fourth-quarter pre-tax and net of reinsurance hit of $430 million from catastrophe losses and an additional $23 million of losses from U.S. agricultural lines which were hit be weather-related poor growing conditions. Demonstrating that the fourth-quarter of read the full article →

ABR Re now one of Chubb’s largest reinsurance capacity sources

U.S. primary insurer Chubb continues to position its total-return and third-party capitalised reinsurance joint-venture at the heart of its risk capital requirements, adding efficiency to its operations as a result. ABR Reinsurance Capital Holdings Ltd. (ABR Re) was launched by Chubb as a total-return or investment oriented reinsurance joint-venture vehicle, financed read the full article →

ABR Re, Chubb & Blackrock reinsurance J/V, hires Underwriting Director

ABR Reinsurance Capital Holdings Ltd. (ABR Re), the total-return or investment oriented reinsurance joint-venture vehicle established by re/insurer Chubb alongside asset manager Blackrock, has hired a new Underwriting Director. Sean Ramlal was hired by and joined ABR Re towards the end of 2018, we understand, taking on the role of Underwriting read the full article →

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’s reinsurer ABR Re took more premiums and losses in 2017

Primary insurance and reinsurance group Chubb Ltd. continued to make greater use of its total-return vehicle ABR Reinsurance Ltd. in 2017, with the amount of premiums ceded through to ABR Re up around 19%, while the vehicle also took a significant increase in losses from the hurricanes and other catastrophe 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 →

Reinsurance helps Chubb manage its $3bn gross Q3 catastrophe losses

Reinsurance capital has played a significant role in helping primary insurance giant and specialist reinsurance player Chubb to manage the impact of recent major catastrophe events, with the company managing to claim back around $1.1 billion from its reinsurance partners reducing its near $3 billion gross cat loss down to read the full article →