trending Market Intelligence /marketintelligence/en/news-insights/trending/ZnGHhf5o4nzSDM0uxb-0Bg2 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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • 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

Report: Chubb-led property policy on the hook for $76M Chile loss

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Gauging Supply Chain Risk In Volatile Times

Report: Chubb-led property policy on the hook for $76M Chile loss

Chilean retailer Cencosud SA has filed a claim on its Chubb Ltd.-led property policy for property damage and business interruption from fires and looting following social unrest in the country, The Insurance Insider reported.

Aon PLC, the supermarket chain's broker, reduced an early loss notification of about $84 million to about $76 million, according to the report. However, the final figure remains uncertain.

Colombia's Grupo de Inversiones Suramericana SA is reportedly on the hook for a smaller part of the loss. The locally written policy is said to include strikes, riot and civil commotion in its wording. Chubb is understood to have secured a Lloyd's political violence facultative reinsurance policy that covers 40% of such exposure to Cencosud.

The retailer said on an earnings call earlier in December that it has property damage and business interruption insurance.

Cencosud did not reply to a request for comment from the news outlet, while Aon, Chubb and Suramericana declined to comment.