Chubb Limited reports developments for a global insurance business spanning commercial and personal property and casualty insurance, personal accident and supplemental health, reinsurance and life insurance. News commonly covers underwriting results, net premiums written, combined ratio trends and earnings materials across North America, Overseas General, consumer insurance and commercial insurance.
Company updates also include insurance partnerships, risk-management programs for sectors such as marine and life sciences, reinsurance facility announcements, claims leadership, operations and technology appointments, and earnings conference schedules. The company is listed on the New York Stock Exchange under CB.
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Chubb has announced key leadership changes to bolster its ESIS and North America Accident & Health divisions. Effective immediately, Suresh Krishnan is appointed Chief Operating Officer of ESIS, while Lauren Gillette becomes Executive Vice President, overseeing North America Accident & Health. Krishnan, with extensive experience since joining in 1999, will focus on claims execution and operational strategies. Gillette aims to enhance growth in the accident and health insurance market. These appointments are part of Chubb's commitment to superior client service and responsiveness to evolving client needs.
Chubb has appointed Jim Shevlin as the new Division President of ESIS, effective immediately. Previously, Shevlin served as the Regional Executive Officer of Chubb's Southeast Region. In his new role, he will oversee profit and loss performance, product development, customer service, and sales strategies. Chad Yarlagadda will succeed him as the Regional Executive Officer, with responsibilities across seven southeastern states. The leadership changes aim to enhance service quality and innovative solutions, capitalizing on Shevlin's extensive experience in the insurance industry.
Chubb has appointed Leigh Anne Sherman as Specialty Officer for its North America Middle Market, effective immediately. Sherman, who has been with Chubb for 25 years, steps into the role previously held by Joseph Clabby, who is retiring in July after over three decades with the company. Sherman aims to enhance distribution partnerships and leverage her extensive experience in the insurance sector. Ben Rockwell, Vice President of Chubb Group, expressed confidence in Sherman's track record of driving results.
Chubb Limited (NYSE: CB) announced the appointment of Cheryl Krauss as Senior Vice President and Chief Communications Officer, effective June 6, 2022. Ms. Krauss will oversee global corporate communications and marketing, with investor relations reporting to her and Peter Enns, CFO. She succeeds Patrick McGovern, who will assist in the leadership transition. Ms. Krauss has a robust background in financial services and public relations, previously serving at Barings and BNY Mellon. The company, a leader in property and casualty insurance, emphasizes its global operations and commitment to fair claims management.
Chubb Limited (NYSE: CB) announced the appointments of John Thompson as Vice President and Division President of International Personal Lines, and Daniela Hernandez as Division President of International Accident & Health, effective June 1. Thompson, previously Division President of International A&H, will succeed Darryl Page, who is retiring after 10 years with the company. Hernandez comes from a leadership role in Chubb's Life and A&H business in Chile. Both executives are expected to enhance the company’s product offerings and strategic partnerships internationally.
First Connect has partnered with Blink by Chubb to offer personal cyber insurance coverage through its insurtech marketplace. This policy protects against cyber extortion, identity theft, and cyberbullying, covering electronic data restoration and associated costs. It provides 24-hour claim responses and extends coverage to household members and additional households. This collaboration aims to enhance accessibility for independent agents and consumers, responding to the rising demand for cyber protection in a digitally interconnected world.
Chubb Limited (NYSE: CB) announced a 3.75% increase in its annual dividend to $3.32 per share, marking the 29th consecutive annual dividend increase. The first installment of $0.83 per share will be payable on July 8, 2022, to shareholders of record on June 17, 2022. Additionally, the company authorized a new $2.5 billion share repurchase program effective through June 30, 2023. Shareholders also approved a proposal for a report on greenhouse gas emissions related to the company's activities.
Chubb has appointed Paul Johnstone as the new Country President for its operations in Canada, effective July 1, 2022, pending regulatory approvals. Johnstone, previously the Chief Operating Officer, will oversee the retail property and casualty insurance business, including high-net-worth personal lines. He succeeds John Alfieri, who is retiring after nearly 20 years. Johnstone brings nearly 30 years of experience in the Canadian insurance market, having joined Chubb in 1994.
Chubb has launched five new fidelity bonds as part of its Financial Institution Bonds suite, aimed at addressing the heightened operational risks for financial institutions. These products respond to emerging risks including unauthorized access to computer systems and fraudulent transactions. From January 2014 to October 2019, over $2.1 billion in losses were reported due to Business Email Compromise scams. Chubb's Vice President, Ayo Oshodi, emphasizes the necessity for modernized insurance coverage to combat sophisticated fraud schemes. More details on the bonds can be found on Chubb's website.