Chubb News

Claims People: Chubb, Frankenmuth, MS Amlin, Sedgwick

Chubb Names Head of North America Claims Chubb has appointed Kevin Rampe as head of Chubb North America claims. He succeeds Bill Hazelton, who has been appointed to a newly created role centered on a number of strategic initiatives in …

Chubb CEO Says Company No Longer Looking to Buy Hartford Insurance

NEW YORK — Chubb Ltd’s chief executive officer on Wednesday crushed the idea of buying its smaller insurance rival, the Hartford Financial Services Group Inc, saying “the chapter with the Hartford is closed.” Chubb had said last week it was …

2nd Circuit: Insurer Must Pay for Merchandise Lost in Warehouse’s Bankruptcy Sale

Chubb’s Federal Insurance Co. must pay more than $2 million to a fabric company that lost 22 trailer loads of merchandise when the Mississippi warehouse company that stored it filed for bankruptcy, sold the goods and pocketed the proceeds. A …

The Hartford Rejects Chubb’s $23 Billion Buyout Offer

The Hartford today announced that its board of directors has unanimously rejected rival insurer Chubb’s unsolicited proposal to acquire The Hartford for $23.24 billion. The Hartford said its board determined that entering into discussions regarding a strategic transaction “would not …

Chubb Exploring Purchase of Rival Hartford, Sources Say

Chubb Ltd., the global insurer led by Evan Greenberg, is exploring an acquisition of Hartford Financial Services Group Inc. in what could be one of the industry’s biggest deals in years, people familiar with the matter said. The New York-listed …

Claims Business: Tractable, Charles Taylor and Chubb

Tractable Inks Deals with The Hartford, Mitchell Tractable, a London-based insurtech that uses artificial intelligence to create damage estimates from photographs, has expanded its presence in the US property and casualty market with two deals announced this week. Tractable has …

Movie Producer Sues Chubb for Breaking Renewal Promise Over COVID-19

A movie production company that signed Ben Affleck to star in its latest “large-budget action thriller” accuses a Chubb insurer of violating longstanding custom and practice by refusing to extend a $58 million insurance policy after the film was delayed …

Zurich Drops Cover for Canada’s Trans Mountain Oil Pipeline

Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for the project, which is opposed by environmental campaigners and some indigenous groups. All financial services companies are under pressure from …

Chubb Urges U.S. and Insurers to Team Up for Future Pandemic Costs

Chubb Ltd. proposed that insurers and the U.S. government work together to cover future business-interruption losses from pandemics, as the industry faces a flurry of lawsuits over costs related to coronavirus-related shutdowns. Chubb, the large global insurer led by Evan …

Major Insurers Increase Cover For Trans Mountain Oil Pipeline – Filings

Major insurers Zurich, Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show. The Trans Mountain pipeline, which ships types of crude oil and refined products to British Columbia from Canada’s …