trending Market Intelligence /marketintelligence/en/news-insights/trending/jtJAYAax4J8TvSM3xTLCmQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Chubb expects global net pretax cat losses of $430M in Q4'19

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did

U.S. Life & Health Insurance Market Report


Chubb expects global net pretax cat losses of $430M in Q4'19

Chubb Ltd. disclosed net catastrophe loss estimates of $430 million pretax, or $353 million after tax, for the fourth quarter of 2019.

The losses are attributable to severe weather-related events around the globe, including tornadoes in Texas, wildfires in California, and Typhoon Hagibis in Japan, as well as civil unrest in Hong Kong and Chile.

The estimates are net of reinsurance, include reinstatement premiums and comprise losses generated from the company's commercial and personal property and casualty insurance businesses, as well as its reinsurance operations globally.

For North America agricultural insurance, Chubb projects an underwriting loss of $23 million pretax, or $18 million after tax, primarily attributable to crop yield shortfalls resulting from poor growing conditions. For agriculture, the combined ratios for the fourth quarter and full year 2019 are estimated to be 105.4% and 95.1%, respectively.