Chubb takes $975mn Q3 hit on net Ian losses

26 October 2022

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Chubb reported $975mn of net losses from Hurricane Ian, or 1.9% of mid-year shareholders’ equity, as it delivered a 93.1% combined ratio for Q3.

The insurer retains the first $1bn of US losses under its global cat treaty but might still have made some recoveries from reinsurers in relation to Q3 losses.

Its

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Chubb takes $975mn Q3 hit on net Ian losses

Chubb reported $975mn of net losses from Hurricane Ian, or 1.9% of mid-year shareholders’ equity, as it delivered a 93.1% combined ratio for Q3.

Fuel a smarter strategy with our actionable market intelligence

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Chubb takes $975mn Q3 hit on net Ian losses

Chubb reported $975mn of net losses from Hurricane Ian, or 1.9% of mid-year shareholders’ equity, as it delivered a 93.1% combined ratio for Q3.

Log in to continue

Fuel a smarter strategy with our actionable market intelligence

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Cat bond market discount margin was 6.13% at end of March: Plenum

Stone Ridge’s ILS AuM grows 4% to $5.1bn as of 31 January

Servatius takes CIO role at Swiss Re ILS management

Radix ILS hires former Aon employees in PM and actuary roles

ICA pegs 2025 extreme-weather insured losses at A$1.2bn