The Chubb Corporation has reported its financial results for the fourth quarter of 2011, including net income of $452m, equating to $1.60 per share. This is around two-thirds the $620m ($2.02 per share) the firm made in the corresponding period last year, but is significantly greater than the Q3 2011 net income of $298m. Operating [...]
The Chubb Corporation has reported that in the third quarter it made net income of $298m, just over half the $572m it made in the corresponding period last year and significantly less than the $419m.of Q2 2011. Similarly, net income per share fell, year-on-year, from $1.80 to $1.04. Quarterly operating income more than halved, declining [...]
The Chubb Corporation has reported that in the second quarter of the year it made net income of $419m. This is a decline of $99m from the corresponding period last year and $90m from the immediately preceding quarter. Net income per share fell from $1.59 last year to $1.42 in Q2 2011. Operating income fell, [...]
Businesses suffering a data breach will now be able to take advantage of a new offering from the the Chubb Group of Insurance Companies. Should a data breach occur, the service would refer business managers to a specialist law firm who would then carry out a free 30 minute assessment and suggest steps to help [...]
The Chubb Corporation has reported its financial results for the first three months of 2011, including net income of $509m, equating to $1.70 per share. This is an increase of approximately 10% from the corresponding period in 2010 when the firm made a net income of $464m ($1.39 per share). However, both overall net income [...]
The Chubb Corporation has reported its financial results for the fourth quarter of 2010, during which it made a net profit of $620m, equating to $2.02 per share. This is a moderate decline from the $695m ($2.03 per share) the firm made in the corresponding period last year, but a slight rise on the $572m [...]
The Chubb Corporation has reported that Chubb Insurance (China) Company Limited has been given final approval by the China Insurance Regulatory Commission to open a branch in Nanjing, Jiangsu Province. The new branch is due to open its doors on 28 February 2011, and follows in the footsteps of the firm’s Shanghai branch which has [...]
The Chubb Corporation has announced that Kathleen Tierney is to succeed Andrew A. McElwee, Jr. as chief operating officer of Chubb Personal Insurance. Tierney joined Chubb two decades ago as a surety trainee and was most recently senior VP and Eastern Territory manager for Chubb Specialty Insurance (CSI). The appointment, which is made with immediate [...]
Chubb has established a Healthcare Information Technology Program in the US, aimed at addressing the industry’s liability needs in the light of healthcare reform. Currently, over 1,000 companies supply information technology products and services to the healthcare and medical research industries in the US and Canada, and the sector is poised for additional growth. The [...]
The Chubb Corporation has reported that it made a net profit of $572m in Q3 2010, equating to $1.80 per share. This is a modest decline on the $596m made in the same quarter last year, but is a rise in terms of net income per share, which was $1.69. It is also a rise [...]
New research from the Chubb Group of Insurance Companies has revealed that more than half of US motorists have used a cell phone whilst driving, yet 90% want the practice to be made illegal. Forty-three percent of those who admitted to using a hand-held phone whilst driving thought it should be illegal. Interestingly, a huge [...]
The Chubb Corporation has reported that in the second quarter of the year it made net income of $518m, equating to $1.59 per share. This is down somewhat on the $551m net income the firm made during Q2 2009, although the same quarter saw net income of $1.54 per share. Operating income fell by $73m [...]
The Chubb Corporation has been granted permission by the China Insurance Regulatory Commission for its wholly owned subsidiary Chubb Insurance (China) Company Limited to establish a branch in Nanjing, Jiangsu Province. The branch will require further green lights from the China Insurance Regulatory Commission and other Chinese regulatory authorities. Should it get them, it is [...]
Chubb Insurance Company of Europe has received approval from the Lloyd’s Franchise Board to establish a new Syndicate that will honour the group’s foundation date. Chubb 1882 will commence underwriting from 14th June for business incepting from 1st July 2010 and with a capacity of £41.5 million for the remainder of the year. It will [...]
The Chubb Corporation has reported that it made net profits of $695m in the fourth quarter of 2009, equating to $2.03 per share. This marks an increase of over 50% compared to Q4 2008, when the firm made $407m net profits, or $1.13 per share. It was also a significant improvement on the Q3 2009 [...]
The Chubb Corporation [NYSE: CB] has reported its third quarter results, including net income of $596m, equating to $1.69 per share. This marks a significant increase on the Q3 2008 net profit of $264m, or $0.73 per share, and also marked an increase from Q2 2009, when the firm made a net profit of $551m. [...]
Christie’s has launched an insurance services business for clients based in the UK and European customers serviced from London. The world-famous art dealer says it can offer a unique service for the sophisticated collector, in partnership with Heath Lambert and Chubb Insurance. The trio aim to provide private clients with “bespoke, seamless insurance, that encompasses [...]
The Chubb Corporation [NYSE: CB] has announced that in the second quarter of the year it made a net income of $551m, equivalent to $1.54 per share. It marks a substantial improvement on the Q2 2008 performance which included a net income of $469m, or $1.27 per share. Operating income was up by $15m to [...]
Chubb could be forced to pay out up to $2 billion on directors and officers (D&O) insurance policies due to a surge in litigation in the wake of the financial crisis, an insurance expert cautioned this week. Jay Gelb, analyst at Barclays Capital, warned investors that “given a potential for a wave of D&O litigation, [...]
