Chubb CoR falls 0.3 points despite $975mn Ian loss, book value slide for year hits 18%
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Chubb CoR falls 0.3 points despite $975mn Ian loss, book value slide for year hits 18%

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Chubb's combined ratio improved 0.3 points to 93.1% as the carrier booked $1.16bn in pre-tax cat losses, of which $975mn were attributable to Hurricane Ian.

The carrier’s underwriting results benefited from an improvement of 1.3 points on the expense ratio to 23.5%, offsetting a one-point increase in the loss ratio to 69.6%

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