Chubb takes $975mn Q3 hit on net Ian losses

26 October 2022

X
LinkedIn
Show more sharing options

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

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

Gain a competitive edge and accelerate decision-making
Be empowered by insights that transform confusion to clarity
Uncover growth opportunities and prepare for potential threats

Request a free trial Already a subscriber? Login now

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

Topics

Most Recent

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM

Rokstone partners with NormanMax to launch parametric product

RenRe grows partner capital AuM to $7.72bn

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.

Login to continue

Fuel a smarter strategy with our actionable market intelligence

Topics

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM

Rokstone partners with NormanMax to launch parametric product

RenRe grows partner capital AuM to $7.72bn