Chubb
-
Chubb discipline, Hartford reluctance and investor lassitude combine to impede a transaction.
-
The Covax scheme provides $150mn to compensate individuals in lower income countries affected by rare but serious complications from Covid-19 vaccines.
-
CEO Evan Greenberg said his company had moved along from The Hartford.
-
The Chubb CEO seeks to quash speculation the carrier may return with a sweetened takeover proposal.
-
Chubb could choose to grow organically but a merger might help it leapfrog in its SME capabilities.
-
Headline underwriting income fell by 20% in the quarter, after catastrophe losses cost $700mn, up from $237mn the year before.
-
The CEO also says M&A remains a “low priority” for the carrier and that he doesn’t see any further outsized liability exposures in the portfolio after settling with BSA.
-
Chubb reiterates its disappointment about The Hartford’s refusal to engage.
-
Chubb offered to pay up to $70 per share for the business after its $65 offer was publicly rejected.
-
The carrier says jury awards are rising while the size of insurance limits purchased is declining.
-
Lauren Gorte becomes chief operating officer of specialty A&H.
-
Lyndsey Christofer is now an executive vice president and leads the carrier’s construction team.
