ZURICH, Nov. 1, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announces losses in the fourth quarter of 2024 attributable to Hurricane Milton are estimated to be $250-300 million pre-tax and $208-250 million after-tax, net of reinsurance and including reinstatement premiums.

These estimates include losses generated from the company's commercial and personal property and casualty insurance businesses as well as its reinsurance operations.

NEW YORK, Oct. 31, 2024 /PRNewswire/ -- Chubb (NYSE: CB) today announced two appointments that enhance the company's leadership structure in Latin America.

Recognizing fast-moving developments and opportunities across the region, Chubb named Mario Romanelli as Regional President South America and Diego Sosa as Regional President Northern Latin America. Effective immediately, both Mario and Diego will report to Paul McNamee, Executive Vice President, Chubb Group and President, Chubb Overseas General.

Net income was $2.32 billion, up 13.8%, and core operating income was $2.33 billion, up 14.3%. For the nine months, net income and core operating income were a record $6.70 billion and $6.75 billion, up 16.9% and 13.8%, respectively. On a per share basis, year-to-date net income and core operating income of $16.38 and $16.50 were records and up 18.8% and 15.6%.Consolidated net premiums written were up 5.5%, or 6.6% in constant dollars.P&C net premiums written were up 5.4%, or 6.1% in constant dollars.Global P&C net premiums written, which excludes Agriculture, were up 7.6%, or 8.5% in constant dollars, with commercial insurance up 8.1% and consumer insurance up 9.4%. North America was up 7.8%, including growth of 10.0% in personal insurance and 7.2% in commercial insurance, with P&C lines up 9.9% and financial lines down 5.1%. Overseas General was up 4.9%, or 7.5% in constant dollars, with growth of 8.5% in consumer insurance and 6.7% in commercial insurance; Asia-Pacific, Latin America, and Europe were up 9.2%, 7.7%, and 7.1%.Agriculture net premiums written were down 9.3% due to lower commodity prices while our market share grew.P&C underwriting income was $1.46 billion, up 11.7%, with a combined ratio of 87.7%. P&C current accident year underwriting income excluding catastrophe losses was a record $1.98 billion, up 11.5%, with a combined ratio of 83.4%. For the nine months, P&C underwriting income was $4.28 billion, up 8.4%, and $5.41 billion, up 11.0%, on a current accident year excluding catastrophe losses basis, leading to a combined ratio of 83.4%.Pre-tax catastrophe losses were $765 million, including $250 million from Hurricane Helene, compared with $670 million last year.Pre-tax net investment income was $1.51 billion, up 14.7%, and adjusted net investment income was $1.64 billion, up 15.9%. Both were records.Life Insurance net premiums written were $1.55 billion, up 6.8%, or 10.6% in constant dollars, and segment income was $284 million, up 2.3% in constant dollars, with International Life up 9.1%. Life Insurance net premiums written and deposits collected were $2.14 billion, up 16.1%, or 19.9% in constant dollars.Annualized return on equity (ROE) was 14.7%. Annualized core operating return on tangible equity (ROTE) was 21.7% and annualized core operating ROE was 13.9%.

Across the globe, 61% have changed their behavior or reduced use of digital payment platforms due to cyber scam concerns. 75% say transaction insurance would boost their trust, increasing adoption.

NEW YORK, Sept. 30, 2024 /PRNewswire/ -- Chubb, a world leader in insurance, today released the results of its new global survey, "The Impact of Cyber Scams on Trust in Digital Payments," revealing the growing impact of cyber fraud on consumers, the misconceptions regarding cyber protections, and the significant changes in consumer purchasing behavior driven by escalating worries over cyber breaches.

ZURICH, Sept. 26, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) will hold its third quarter earnings conference call on Wednesday, October 30, 2024, at 8:30 a.m. Eastern.

The company expects to issue its third quarter earnings release and financial supplement after the market closes on Tuesday, October 29, 2024. These documents will be available on the company's investor website at investors.chubb.com.

FLUSHING, N.Y., Sept. 9, 2024 /PRNewswire/ -- The USTA and Chubb have signed a multi-year partnership renewal, extending Chubb's designation as the Official Insurance Sponsor of the US Open. The extended agreement begins in 2025.

Chubb and the USTA first partnered in 2020 and renewed during a record-setting 2024 US Open that for the first time surpassed one million attendees.

"We are thrilled to continue our multi-year partnership with the US Open, whose passionate fans include Chubb's clients and partners that we serve around the world," said Evan G. Greenberg, Chairman and Chief Executive Officer, Chubb. "This sponsorship unites the Chubb and USTA brands, celebrating their globally-recognized compatibility and high quality."

ZURICH, Sept. 4, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) announced that Greg Giardiello is joining Chubb as Global Controller, effective today.

Giardiello will report to George Ohsiek, Vice President, Chubb Group and Chief Accounting Officer, and be based in Chubb's Philadelphia office. As Global Controller, Giardiello succeeds Mong-Diep "Dee" Le, who was recently named Chubb's Chief Auditor.

ZURICH, Aug. 12, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced three executive appointments in the company's finance organization effective Sept 4, 2024.

George Ohsiek has been appointed Vice President, Chubb Group and Chief Accounting Officer. Currently, he serves as Chief Auditor, Chubb Group. In his new role, Ohsiek will be responsible for the company's corporate and regulatory accounting matters; managerial and external financial reporting; group-wide financial planning and analysis (FP&A); and statutory and GAAP accounting policy. He will also have direct oversight of corporate and subsidiary controllers.

Net income was $2.23 billion, up 24.3%, and core operating income was $2.20 billion, up 7.5%. For the six months, net income was $4.37 billion, up 18.7%, and core operating income was a record $4.41 billion, up 13.5%.Global P&C net premiums written, which excludes Agriculture, were up 11.2%, with commercial insurance up 9.6% and consumer insurance up 15.2%. North America was up 8.0%, including growth of 12.3% in personal insurance and 6.7% in commercial insurance, with P&C lines up 8.7% and financial lines down 2.9 %. Overseas General was up 15.6%, with growth of 19.1% in consumer insurance and 13.3% in commercial insurance; Asia-Pacific, Latin America, and Continental Europe were up 32.9%, 13.7%, and 10.8%, respectively.P&C underwriting income was $1.42 billion. P&C current accident year underwriting income excluding catastrophe losses was a record $1.81 billion, up 11.1%, with a record low combined ratio of 83.2%. For the six months, P&C underwriting income was $2.82 billion, up 6.8%, and was $3.43 billion, up 10.7%, on a current accident year excluding catastrophe losses basis. Both were records.Pre-tax catastrophe losses were $580 million compared with $400 million last year. For the six months, catastrophe losses were $1.02 billion compared with $858 million last year.Life Insurance net premiums written were $1.58 billion, up 24.5%, or 27.6% in constant dollars, and segment income was $276 million, up 8.7%, or 11.4% in constant dollars. Life Insurance net premiums written and deposits collected were $2.13 billion, up 27.4%, or 31.1% in constant dollars.Pre-tax net investment income was $1.47 billion, up 28.2%, and adjusted net investment income was $1.56 billion, up 25.9%. Both were records.Annualized return on equity (ROE) was 14.7%. Annualized core operating return on tangible equity (ROTE) was 21.1% and annualized core operating ROE was 13.3%.

Der Branchenveteran mit über 20 Jahren Erfahrung hat das Wachstum des Chubb-Geschäfts in Australien und Neuseeland im Bereich Gewerbe- und Privatkunden geleite

LONDON, 16. Juli 2024 /PRNewswire/ -- Chubb gab heute bekannt, dass Peter Kelaher zum Divisionsleiter für Kontinentaleuropa, den Nahen Osten und Nordafrika ernannt wurde. Derzeit ist er als Leiter des Landesgeschäfts für Australien und Neuseeland tätig. In seiner neuen Funktion wird Kelaher die operative Verantwortung für 24 Länder in Kontinentaleuropa, dem Nahen Osten und Nordafrika tragen. 

20-year industry veteran has led growth of Chubb's commercial and consumer businesses in Australia and New Zealand

LONDON, July 16, 2024 /PRNewswire/ -- Chubb today announced Peter Kelaher has been appointed Division President of Continental Europe, Middle East and North Africa. Currently, he serves as Country President of Australia and New Zealand. In his new role, Kelaher will have executive operating responsibility for 24 countries in Continental Europe, Middle East and North Africa. 

The appointment, which is subject to regulatory approval, is expected to be effective 1 September 2024. Kelaher will be based in Paris and report to David Furby, Senior Vice President, Chubb Group and Regional President Europe, Middle East and Africa.

Jason Ranucci named Head of North America Lower Middle Market Jeffrey Updyke appointed EVP, North America Commercial Insurance & Digital Distribution

ZURICH, July 10, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced that Ana Robic, Vice President, Chubb Group and Division President, North America Personal Risk Services and Ben Rockwell, Vice President, Chubb Group and Division President, North America Middle Market, have been appointed Senior Vice President, Chubb Group. Both executives will retain their current responsibilities and continue to report to Juan Luis Ortega, Executive Vice President, Chubb Group and President, North America Insurance, and Scott Meyer, Senior Vice President, Chubb Group and Chief Operating Officer, North America Insurance.

WHITEHOUSE STATION, N.J., July 10, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced that David Lupica, Chief Operating and Distribution Management Officer, Westchester, has been named Vice President, Chubb Group and Division President of Westchester. Lupica will have executive operating responsibility for Chubb's wholesale excess and surplus (E&S) lines business in North America.

Region now comprises Northern Latin America, Southern Latin America and Brazil 

ZURICH, July 10, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced changes to its Latin America region's structure and leadership. To better serve customers and distribution partners, and to take full advantage of future growth opportunities throughout Latin America, the company has reorganized the region into three sub-regions – Northern Latin America, Southern Latin America and Brazil – and appointed leaders for each territory:

Chris Maleno appointed Vice Chairman, North America Insurance

ZURICH, July 9, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced several executive appointments to its North American general insurance business. John Lupica, Vice Chairman, Chubb Group and President, North America Insurance, has been named Executive Chairman. Juan Luis Ortega, currently Executive Vice President, Chubb Group and President, Overseas General Insurance, has been named President, North America Insurance, succeeding Lupica. Scott Meyer, Senior Vice President, Chubb Group and Division President of Westchester, the company's wholesale excess and surplus lines insurance business, has been named Chief Operating Officer, North America Insurance, a newly created position, reporting to Ortega.

ZURICH, July 9, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced that it has appointed Paul McNamee Executive Vice President, Chubb Group and President, Overseas General Insurance, based out of New York. McNamee will have executive operating responsibility for Chubb's general insurance business in 51 countries outside of North America.

McNamee, who is currently Senior Vice President, Chubb Group and Regional President of Asia Pacific, will report to Evan G. Greenberg, Chairman and Chief Executive Officer, and John Keogh, President and Chief Operating Officer. McNamee succeeds Juan Luis Ortega, who was named President of the company's North America Insurance operations.

ZURICH, June 27, 2024  /PRNewswire/ -- Chubb Limited (NYSE: CB) will hold its second quarter earnings conference call on Wednesday, July 24, 2024, at 8:30 a.m. Eastern.

The company expects to issue its second quarter earnings release and financial supplement after the market closes on Tuesday, July 23, 2024. These documents will be available on the company's investor website at investors.chubb.com.