Offering addresses growing insurance challenges for large companies amid claims escalation; provides up to $100 million in claims-made excess casualty coverage.

NEW YORK, May 1, 2025 /PRNewswire/ -- Chubb, Zurich North America and National Indemnity have announced a new excess casualty facility that can offer up to $100 million in lead excess casualty insurance capacity on a claims-made basis for large national and multinational companies. The facility is unique in the industry and will deliver excess umbrella liability coverage underwritten by Chubb and Zurich and supported by National Indemnity Company, the lead reinsurer of Berkshire Hathaway. This facility coverage solution will be available in the U.S. and will begin underwriting business immediately with coverage effective starting July 1, 2025.

Net income and core operating income were $1.33 billion and $1.49 billion, respectively, versus $2.14 billion and $2.16 billion last year. Unfavorable foreign currency movement impacted core operating income by $36 million, or $0.09 per share.Total pre-tax net catastrophe losses were $1.64 billion, or 15.9 percentage points of the combined ratio, and include $1.47 billion from the California wildfires, compared with $435 million, or 4.4 percentage points of the combined ratio, last year. Total after-tax net catastrophe losses were $1.30 billion, or $3.21 per share.Total pre-tax and after-tax favorable prior period development were $255 million and $204 million, compared with $207 million and $168 million, last year.P&C underwriting income was $441 million with a combined ratio of 95.7%. P&C current accident year underwriting income excluding catastrophe losses was $1.83 billion, up 12.2% over prior year, with a combined ratio of 82.3%.P&C net premiums written were $10.93 billion, up 3.2%, or 5.0% in constant dollars. North America was up 3.4% with growth impacted by two one-time items: reinstatement premiums related to the California wildfires in personal insurance, and unusually large structured transactions written in the prior year in commercial insurance. Excluding both, North America was up 6.4%, including growth of 10.1% in personal insurance and 5.3% in commercial insurance, with P&C lines up 6.4% and financial lines down 1.3%. Overseas General was up 1.8%, or 6.5% in constant dollars, including growth of 5.0% in consumer insurance and 7.3% in commercial insurance, with P&C lines up 9.3% and financial lines down 1.6%; Latin America, Asia, and Europe, were up 6.1%, 6.1%, and 5.5%, respectively.Life Insurance net premiums written were $1.72 billion, up 5.3%, or 10.3% in constant dollars, and segment income was $291 million, up 8.6%, or 15.7% in constant dollars.Pre-tax net investment income was $1.56 billion, up 12.2%, and adjusted net investment income was $1.67 billion, up 12.7%.Annualized return on equity (ROE) was 8.2%. Annualized core operating return on tangible equity (ROTE) was 13.0% and annualized core operating ROE was 8.6%.

AL KHOBAR, Saudi Arabia, April 6, 2025 /PRNewswire/ -- Chubb today announced the appointment of Kamran Mazhar as Chief Executive Officer for Chubb Arabia. He joins Chubb from Liva Insurance where he served as Chief Executive Officer.

In his role, Mazhar will lead Chubb Arabia's strategic direction and business operations, focusing on driving profitable growth and strengthening Chubb Arabia's market position in the Kingdom of Saudi Arabia.

Mazhar brings 23 years of insurance industry experience and has held leadership roles in Saudi Arabia since 2015. From 2019 to 2023 he led Chubb Arabia and during the 21 years prior held various positions at Chubb companies in Pakistan and Saudi Arabia.

ZURICH, April 1, 2025 /PRNewswire/ -- Chubb Limited (NYSE: CB) will hold its first quarter earnings conference call on Wednesday, April 23, 2025, at 8:30 a.m. Eastern.

The company expects to issue its first quarter earnings release and financial supplement after the market closes on Tuesday, April 22, 2025. These documents will be available on the company's investor website at investors.chubb.com.

Leverages Digital Operating Model to Apply Chubb's Underwriting and Service Capabilities Across Small and Lower Middle Market Segments

Rob Poliseno appointed Division President, Small & Lower Midmarket; Jason Ranucci named Chief Operating Officer, Small & Lower Midmarket

WHITEHOUSE STATION, N.J., March 12, 2025 /PRNewswire/ -- Chubb (NYSE: CB) today announced the creation of a new division within its North America Middle Market organization, combining Chubb's Lower Middle Market and Digital Small Business divisions into a single cohesive unit that will operate as North America Small & Lower Midmarket.

Transaction represents an opportunity to enhance and expand Chubb's business

ZURICH, March 3, 2025 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced agreements to acquire the insurance businesses of Liberty Mutual in Thailand and Vietnam. The terms were not disclosed. 

The two companies — LMG Insurance in Thailand and Liberty Insurance in Vietnam — offer a range of consumer and commercial P&C products, including Automotive, Accident & Health and Non-Motor insurance such as fire/property and industrial all-risk. This portfolio is coupled with complementary distribution through 56 branches, 2,600 brokers and agents, and 26 finance partners. The combined operations produced approximately $275 million in net premiums written in 2024.

WHITEHOUSE STATION, N.J., Feb. 27, 2025 /PRNewswire/ -- Westchester, Chubb's Excess and Surplus Lines Division, today announced the appointment of Alex Faynberg, currently Division President of Chubb Workplace Benefits (CWB), to Executive Vice President and Head of Healthy Paws, a Chubb company, effective March 3, 2025.

Healthy Paws is a top-rated pet insurance company in the U.S., recognized for its commitment to pet health. In his new role, Alex will have executive operating responsibility to expand the company's market presence, strengthen its position as a leader, as well as oversee underwriting and operational priorities.

ZURICH, Feb. 27, 2025 /PRNewswire/ -- Chubb Limited (NYSE: CB) announced today that its Board of Directors will recommend to shareholders at the company's 2025 Annual General Meeting an increase in its quarterly dividend for the thirty-second consecutive year. The proposal calls for a $3.88 annual per share dividend, payable in four quarterly installments of $0.97 per share, compared to the current quarterly dividend amount of $0.91 per share.

Ana Robic appointed Regional President, Europe, Middle East and Africa, succeeding David Furby who is named Executive Chairman

Melissa Scheffler promoted to succeed Robic as Division President, Personal Risk Services, Chubb North America Insurance

ZURICH, Feb. 26, 2025 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced that Ana Robic, Senior Vice President, Chubb Group and currently Division President of Personal Risk Services (PRS), Chubb North America, has been appointed Regional President of Europe, Middle East and Africa. She succeeds David Furby, Senior Vice President, Chubb Group, who has been named Executive Chairman of Europe, Middle East and Africa.

Lou Capparelli to serve as Chairman of Global Casualty

NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Chubb today announced the appointment of Seth Gillston as Executive Vice President, Head of Global Casualty for Major Accounts in North America. Seth will oversee the day-to-day operations of the Chubb Global Casualty business unit, which provides domestic casualty insurance coverage offerings and service solutions to large national and multinational companies.