Chubb

Telecare Market in Europe and North America: The User Base in the Two Regions is Estimated to Grow at a CAGR of 7.7% to Reach More Than 20.6 Million Users at the End of 2028 - ResearchAndMarkets.com

Retrieved on: 
Monday, April 8, 2024

The report estimates that the user base of telecare (medical alert) systems in Europe and North America was 14.2 million at the end of 2023.

Key Points: 
  • The report estimates that the user base of telecare (medical alert) systems in Europe and North America was 14.2 million at the end of 2023.
  • The user base in the two regions is estimated to grow at a CAGR of 7.7 percent to reach more than 20.6 million users at the end of 2028.
  • The report estimates that the user base of telecare solutions in Europe region was 9 million at the end of 2023.
  • In Europe, the user base is estimated to grow at a CAGR of 7.7 percent to reach more than 13.1 million users at the end of 2028.

Everest Expands Jim Williamson’s Role to Lead Company’s Global Underwriting Businesses

Retrieved on: 
Monday, March 25, 2024

Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today announced that Jim Williamson has been promoted to lead Everest’s reinsurance and insurance businesses.

Key Points: 
  • Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today announced that Jim Williamson has been promoted to lead Everest’s reinsurance and insurance businesses.
  • “Jim is an excellent executive, a multi-faceted operator, and consummate underwriter with a record of building best in class businesses,” said Juan C. Andrade, Everest President & CEO.
  • I am eager to take on this new role, working with our talented team to help lead our mission, advance our global strategy and enhance the Everest brand."
  • Mike’s industry experience and skills, coupled with Jim’s global expertise will be invaluable as we continue building a premier, high-margin global insurance company.”

Chubb Launches New Platform to Give Agents Quicker Access to Flood Quotes

Retrieved on: 
Wednesday, March 27, 2024

WHITEHOUSE STATION, N.J., March 27, 2024 /PRNewswire/ -- Chubb Personal Risk Services (PRS) announced today the launch of a new self-service Flood Insurance System for agents that will seamlessly support its personal lines business for primary and excess flood and will provide quotes for low-hazard properties in under two minutes. This new platform will integrate with the Chubb Agent Portal and Masterpiece EZ Quote homeowners platform.

Key Points: 
  • This new platform will integrate with the Chubb Agent Portal and Masterpiece EZ Quote homeowners platform .
  • Agents will benefit from working directly with Chubb as a single point of contact for faster access to flood quotes and an enhanced user interface.
  • The system will be available across all U.S. states where Chubb writes flood insurance.
  • Through Chubb's flood insurance, agents and brokers can help clients increase their protection against the risk of flood for their property and possessions.

Chubb Launches HealthTech Industry Practice in UK

Retrieved on: 
Wednesday, March 27, 2024

LONDON, March 27, 2024 /PRNewswire/ -- Chubb today announced the launch of a new HealthTech industry practice in the UK.

Key Points: 
  • LONDON, March 27, 2024 /PRNewswire/ -- Chubb today announced the launch of a new HealthTech industry practice in the UK.
  • The practice builds on Chubb's extensive experience meeting the coverage needs of HealthTech companies through its Life Sciences and Technology industry practices.
  • Chubb's HealthTech Industry Practice will be overseen by Louise Joyce, Head of Industry Practices for EMEA, with Victoria D'Silva, Life Science Practice Leader for UK & Ireland, heading a bespoke underwriting team.
  • The HealthTech offering, which will be part of the insurer's broader Life Sciences Industry Practice, joins other Chubb industry practices in the UK, including Real Estate, Technology and Media, and Climate Tech.

Chubb Launches Global Transactional Risk Platform to Grow its Footprint Internationally

Retrieved on: 
Monday, March 18, 2024

WHITEHOUSE STATION, N.J. and LONDON, March 18, 2024 /PRNewswire/ -- Chubb today announced the launch of a global transactional risk platform to provide transactional risk liability insurance products across international markets. Chubb has appointed Josh Cowen as Senior Vice President, International Transactional Risk to lead this initiative from London. Cowen, a seasoned mergers and acquisition (M&A) risk insurance professional, will be responsible for leading a team of underwriters focused on warranty and indemnity, tax and contingent liability products in jurisdictions outside of North America.

Key Points: 
  • Appoints Josh Cowen Senior Vice President, International Transactional Risk
    WHITEHOUSE STATION, N.J. and LONDON, March 18, 2024 /PRNewswire/ -- Chubb today announced the launch of a global transactional risk platform to provide transactional risk liability insurance products across international markets.
  • Chubb has appointed Josh Cowen as Senior Vice President, International Transactional Risk to lead this initiative from London.
  • The global transactional risk platform will be focused on meeting the needs of broker partners and clients who require a global presence and operating footprint to support their global M&A transactions.
  • "Josh's deep understanding of transactional risk underwriting, and leadership experience sourcing and leading M&A insurance placements will complement our goal to grow our transactional risk practice as a global platform."

Chubb Launches Global Transactional Risk Platform to Grow its Footprint Internationally

Retrieved on: 
Monday, March 18, 2024

WHITEHOUSE STATION, N.J. and LONDON, March 18, 2024 /PRNewswire/ -- Chubb today announced the launch of a global transactional risk platform to provide transactional risk liability insurance products across international markets. Chubb has appointed Josh Cowen as Senior Vice President, International Transactional Risk to lead this initiative from London. Cowen, a seasoned mergers and acquisition (M&A) risk insurance professional, will be responsible for leading a team of underwriters focused on warranty and indemnity, tax and contingent liability products in jurisdictions outside of North America.  

Key Points: 
  • Appoints Josh Cowen Senior Vice President, International Transactional Risk
    WHITEHOUSE STATION, N.J. and LONDON, March 18, 2024 /PRNewswire/ -- Chubb today announced the launch of a global transactional risk platform to provide transactional risk liability insurance products across international markets.
  • Chubb has appointed Josh Cowen as Senior Vice President, International Transactional Risk to lead this initiative from London.
  • The global transactional risk platform will be focused on meeting the needs of broker partners and clients who require a global presence and operating footprint to support their global M&A transactions.
  • "Josh's deep understanding of transactional risk underwriting, and leadership experience sourcing and leading M&A insurance placements will complement our goal to grow our transactional risk practice as a global platform."

Vivace Insurance Partners Launches in the Americas, Rebrands in Asia Pacific

Retrieved on: 
Wednesday, March 13, 2024

HONG KONG and LOS ANGELES, March 13, 2024 /PRNewswire/ -- Vivace Insurance Partners (Vivace) today announces the launch of Vivace Americas and the rebranding of ADVA Specialty (HK) Limited as Vivace Asia Pacific.

Key Points: 
  • HONG KONG and LOS ANGELES, March 13, 2024 /PRNewswire/ -- Vivace Insurance Partners (Vivace) today announces the launch of Vivace Americas and the rebranding of ADVA Specialty (HK) Limited as Vivace Asia Pacific.
  • Vivace Americas, based in Los Angeles, will be writing business in partnership with A-rated international insurers across North America's logistics sector and will be led by Cordell Fenig, late of Roanoke Insurance Group.
  • Vivace Asia Pacific will provide coverage solutions from Hong Kong for marine cargo, logistics and hull and cargo war risks, the latter a key focus in today's current geopolitical climate.
  • Khew brings three decades of experience to Vivace and is widely recognized for her solid technical knowledge, strategic analysis and management experience.

Vivace Insurance Partners Launches in the Americas, Rebrands in Asia Pacific

Retrieved on: 
Tuesday, March 12, 2024

HONG KONG and LOS ANGELES, March 12, 2024 /PRNewswire/ -- Vivace Insurance Partners (Vivace) today announces the launch of Vivace Americas and the rebranding of ADVA Specialty (HK) Limited as Vivace Asia Pacific.

Key Points: 
  • HONG KONG and LOS ANGELES, March 12, 2024 /PRNewswire/ -- Vivace Insurance Partners (Vivace) today announces the launch of Vivace Americas and the rebranding of ADVA Specialty (HK) Limited as Vivace Asia Pacific.
  • Vivace Americas, based in Los Angeles, will be writing business in partnership with A-rated international insurers across North America's logistics sector and will be led by Cordell Fenig, late of Roanoke Insurance Group.
  • Vivace Asia Pacific will provide coverage solutions from Hong Kong for marine cargo, logistics and hull and cargo war risks, the latter a key focus in today's current geopolitical climate.
  • Khew brings three decades of experience to Vivace and is widely recognized for her solid technical knowledge, strategic analysis and management experience.

AM Best Assigns Issue Credit Rating to Chubb INA Holdings, Inc.’s Senior Unsecured Notes

Retrieved on: 
Tuesday, March 5, 2024

AM Best has assigned a Long-Term Issue Credit Rating of “a+” (Excellent) to Chubb INA Holdings Inc. (Chubb) (Delaware) recently announced $1.0 billion issuance of 5.00% senior unsecured notes due 2034.

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of “a+” (Excellent) to Chubb INA Holdings Inc. (Chubb) (Delaware) recently announced $1.0 billion issuance of 5.00% senior unsecured notes due 2034.
  • Chubb INA intends to use the net proceeds from this offering for general corporate purposes, including the repayment at maturity of the $700 million of its outstanding 3.35% senior unsecured notes, due May 15, 2024.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

IICF Philanthropic Roundtable Gathers Insurance Leaders for Discussions on Charitable Giving, Impact of Global Initiatives

Retrieved on: 
Thursday, February 22, 2024

LOS ANGELES, Feb. 22, 2024 /PRNewswire-PRWeb/ -- The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, hosted the 2024 IICF Philanthropic Roundtable today, gathering leaders from twenty-five major insurance organizations for a series of presentations on charitable giving and volunteerism in the insurance industry and initiatives focused on philanthropy, inclusion and sustainability topics. During the 2024 Philanthropic Roundtable, IICF also released the 2023 IICF Philanthropic Showcase, an annual retrospective of global charitable contributions, volunteer projects and innovative leadership initiatives of IICF Key Partner Companies. Please view the 2023 IICF Philanthropic Showcase here.

Key Points: 
  • During the 2024 Philanthropic Roundtable, IICF also released the 2023 IICF Philanthropic Showcase , an annual retrospective of global charitable contributions, volunteer projects and innovative leadership initiatives of IICF Key Partner Companies.
  • Kaufman Group, CNA, Ernst & Young LLP (EY US), Intact Insurance Specialty Solutions, Marsh, Munich Re US P&C Companies and Verisk presented at this unique event for philanthropic knowledge sharing.
  • "Each year, IICF is proud to bring together this extraordinary group of insurance industry leaders for the IICF Philanthropic Roundtable, and even more so in 2024 as we celebrate IICF's 30th anniversary and the industry's legacy of giving," said Bill Ross, CEO of IICF.
  • IICF also made several announcements at this year's Roundtable on 2024 initiatives, including:
    IICF's 30th Anniversary Celebration: IICF is celebrating thirty years of impact and the insurance industry's legacy of giving by raising funds for children struggling with hunger.