Welcome to our dedicated page for Chubb news (Ticker: CB), a resource for investors and traders seeking the latest updates and insights on Chubb stock.
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.
Chubb's Risk Decisions 360° report, based on a Harris Poll survey of 500 business leaders, reveals cybersecurity and technology disruption as the primary threats to business growth. Cybersecurity breaches and data leaks were cited by 40% of executives as the top man-made growth disruptors, while 60% identified cybersecurity as the leading geopolitical risk.
The study shows that 86% of companies either have or plan to adopt business interruption coverage, with 53% already having coverage in place. In terms of technological disruption, 79% of companies are implementing AI in risk management, though over 50% report being impacted by AI-related risks like deepfakes.
Financial risks are also significant, with 59% of executives citing cash flow and 56% pointing to inflation and interest rates as growth obstacles. The report highlights that over 89% of executives plan to expand their cyber insurance coverage to address increasing technological vulnerabilities.
Chubb (NYSE: CB) has announced its upcoming fourth quarter earnings conference call scheduled for Wednesday, January 29, 2025, at 8:30 a.m. Eastern. The company plans to release its fourth quarter earnings and financial supplement after market close on Tuesday, January 28, 2025. These documents will be accessible on Chubb's investor website.
The earnings call will be available through a live webcast on the company's investor website and via telephone dial-in. Interested parties can access the call using the numbers 877-400-4403 (US) or 332-251-2601 (international) with passcode 1641662. A replay of the call will be made available afterward through the same channels.
Chubb has appointed John Latter as the new Head of Claims for Chubb Overseas General (COG), effective immediately. In this role, Latter will oversee the claims organization across Europe, Middle East, Asia Pacific, Latin America, and Far East, leading a team of 3,000 professionals from his London base. Prior to this promotion, Latter served as Senior Vice President, Claims Director for Europe, Eurasia & Africa at Chubb, managing strategic claims direction across multiple insurance lines. With four decades of industry experience, including previous senior roles at Zurich Insurance, Latter joined Chubb in 2017.
AM Best has affirmed the superior credit ratings of Chubb (NYSE: CB) and its subsidiaries, maintaining an A++ Financial Strength Rating and 'aa+' Long-Term Issuer Credit Ratings for its main insurance operations. The ratings reflect Chubb's strongest balance sheet strength, very strong operating performance, and favorable business profile.
The company demonstrates consistently profitable underwriting with a combined ratio in the mid-to-high 80% range, outperforming industry averages. Chubb operates in over 50 countries, leading in U.S. commercial, specialty, and high-net-worth insurance markets. The company maintains very strong risk-adjusted capitalization and a high-quality investment portfolio, though this is partially offset by elevated financial leverage and ongoing share repurchases.
healthŌme and Hannover Re have won the 2024 Global Innovation Award in the Life | Health | Retirement category for their genomics-based insurance program. The award, presented by the International Insurance Society, Insurance Thought Leadership, and Lloyd's, recognizes their successful integration of genomics-based services into critical illness and life insurance products.
The program, distributed through Chubb Workplace Benefits as Cancer Advocate Plus, provides employees with DNA-based precision health insights, personalized medication optimization, and cancer management support. In 2025, the service will be available to individuals outside the workplace as Kadance Precision Health Management Program.
Chubb's 2024 Wealth Report reveals significant concerns among affluent households regarding wealth protection. 90% of respondents cite climate change as a leading concern, up 20% from last year, while 92% fear liability lawsuits. In the digital realm, 56% worry about identity theft, and 55% about cyberbullying. Among collectors, 81% fear theft of valuable items. Despite these risks, 63% see increased wealth-building opportunities compared to last year. The survey covered 800 North American respondents, mostly with assets exceeding $5 million, revealing that 86% plan increased home spending, with 80% considering sustainable features during renovations.
Chubb (NYSE: CB) announced that its Board of Directors has declared a quarterly dividend of $0.91 per share. The dividend will be paid on January 3, 2025, to shareholders of record as of December 13, 2024. This payment represents the third installment of the dividend program approved by shareholders on May 16, 2024. The dividend will be distributed from legal reserves and paid in US dollars through the company's transfer agent.
Chubb (NYSE: CB) has announced estimated losses from Hurricane Milton for Q4 2024. The company expects net losses of $250-300 million pre-tax and $208-250 million after-tax, including reinsurance and reinstatement premiums. The loss estimates encompass damages across Chubb's commercial and personal property and casualty insurance businesses, as well as its reinsurance operations.
Chubb (NYSE: CB) announced key leadership changes in Latin America with two strategic appointments. Mario Romanelli has been named Regional President South America, overseeing operations in Argentina, Brazil, Chile, Colombia, Ecuador, and Peru from Miami. Diego Sosa becomes Regional President Northern Latin America, continuing to lead operations in Mexico, the Caribbean, Central America, Panama, and Puerto Rico. Both will report to Paul McNamee, Executive Vice President, Chubb Group and President, Chubb Overseas General. The changes are effective immediately, following Federico Spagnoli's departure from his role as Regional President, Latin America.
Chubb (NYSE: CB) reported strong Q3 2024 financial results with net income of $2.32 billion (up 13.8%) and core operating income of $2.33 billion (up 14.3%). Global P&C net premiums written increased 8.5% in constant dollars, with commercial insurance up 8.1% and consumer insurance up 9.4%. The company achieved a P&C combined ratio of 87.7% with underwriting income of $1.46 billion (up 11.7%). Pre-tax catastrophe losses were $765 million, including $250 million from Hurricane Helene. Life Insurance net premiums written grew 10.6% in constant dollars to $1.55 billion. Book value per share increased 8.0% to $163.16, while tangible book value per share rose 12.8% to $102.67.