Results
-
CFO John Dacey said the carrier remains underweight in Florida due to concerns around underlying economics. -
The reinsurer opened its cat bond portfolio to third-party investors last summer.
-
The carrier achieved treaty price increases of 21% at 1.7, against increased loss assumptions of 16%.
-
The Healthcare of Ontario Pension Plan (HOOPP) allocation to ILS has nearly quadrupled in size since the end of 2019.
-
The firm’s PML on its Southeast wind business has increased after Northshore Re coverage was not renewed at 1 July.
-
-
The firm earned higher fees off the back of growth in insurance premiums ceded to reinsurers, as premiums ceded to third-party capital partners declined.
-
The executive said that the company reduced its consolidated retention and ceded premium ratio for its 2023 and 2024 treaty program.
-
All 27 funds in the index posted profits in June, with cat bonds marginally outperforming private ILS.
-
The firm had earlier noted that the cat bond coverage would kick in if the PCS industry loss number reached $48bn.
-
The carrier reported a 66% increase in GWP for its property business.
-
The CEO said Chubb has ‘never seen better pricing’ on primary property.
