|Day's Range||1.6000 - 1.6000|
First, we have Evan Greenberg, Chairman and Chief Executive Officer; followed by Phil Bancroft, our Chief Financial Officer. COVID-19 is an event of historic proportions, impacting societies and economies globally.
Chubb's (CB) second-quarter 2020 results reflect high catastrophe loss due to the COVID-19 pandemic, partially offset by rise in premiums.
Chubb (CB) delivered earnings and revenue surprises of 15.15% and -1.87%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Chubb announced that it has integrated its North America Accident and Health (A&H;) businesses to better address the needs of today's middle market and large corporate clients and distribution partners. Effective immediately, Chris Martin, current President of Chubb Workplace Benefits, has been named Division President of Chubb North America Accident and Health.
Chubb (CB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Chubb announced today that Tim Stapleton has been named Executive Vice President, Financial Lines, Overseas General Insurance, the company's international general insurance business in 51 countries. In his new role, Mr. Stapleton will have executive oversight of Chubb's management and professional liability lines of business, which span public, private, not-for-profit and financial institution directors and officers coverages, as well as its errors and omissions and cyber products. His responsibilities will include oversight of the division's strategy, product and business development, underwriting operations, and profit and loss performance.
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet...
Chubb is celebrating the 10th anniversary of its proprietary and award-winning digital Worldview® platform which provides real-time access to Chubb's systems and expertise in one easy to use application. The platform helps risk managers at large U.S. and multinational companies and their brokers efficiently manage their insurance programs, while being able to quickly and easily interpret data and communicate seamlessly with Chubb experts around the globe.
The Aristocrats returned minus 35% from Jan. 1 through March 23, trailing the broader market by about five percentage points. But since then, the Aristocrats’ total return is about 42%, close to the S&P 500’s result.
Chubb today announced the appointment of John Fielding as Senior Vice President, General Counsel, Global Government and Industry Affairs. In this role, Mr. Fielding will provide legal, regulatory and policy guidance and advice to Chubb's state, federal and international government affairs team. He will coordinate and ensure consistency in advocacy throughout the company's government affairs activities and will represent the company in a wide range of regulatory and industry settings.
A new survey released today by Chubb finds that Americans working from home due to the COVID-19 pandemic are remaining productive, working the same or more hours and are staying connected with family and friends. When the pandemic subsides, a significant majority (74%) want to work from home more frequently than in the past. But the Chubb survey also finds signs of strain as Americans struggle to find the right work/life balance in a work-from-home environment. Many Americans are snacking, drinking and eating more. Cyber attacks are a real risk, particularly for the wealthy. Physical pain in wrists, backs and shoulders has increased, potentially from poor ergonomics in home workstations. Concerns about financial well-being are high among respondents at all income levels.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
Shares of many insurance companies fell by double-digit percentages in the first six months of 2020, according to data provided by S&P Global Market Intelligence. Shares of Allstate (NYSE: ALL), which primarily sells auto and homeowners insurance, were down 13.8% in the first half of the year. Specialty insurer Markel (NYSE: MKL) saw its shares tumble 19.2%.
After notching a roughly 18% gain in April and May, the S&P 500 has gained only about 2% since early June. Here are Barron’s picks for S&P 500 stocks with attractive, but not ultrahigh, dividend yields.
Chubb Limited (NYSE: CB) today announced global net catastrophe loss estimates for the second quarter of 2020 of $1,807 million pre-tax, or $1,510 million after tax. These estimates include COVID-19 global pandemic losses of $1,365 million pre-tax, or $1,157 million after tax, and other natural catastrophe losses of $312 million pre-tax, or $249 million after tax, primarily attributable to severe weather-related events in the U.S., as well as civil unrest-related losses in the U.S. of $130 million pre-tax, or $104 million after tax. The COVID-19 losses represent the company's best estimate of ultimate insurance losses resulting directly from the pandemic and consequent economic crises.
The successful public offering of (LMND) the so-called Insurtech backed by (9984) is a vote for digitizing an insurance industry that is hundreds of years old to provide better and cheaper coverage for customers, Tim Bixby, the company’s chief financial officer, told Barron’s. Lemonade (ticker: LMND) went public Thursday on the New York Stock Exchange and saw its shares rocket 139% in its first day of trading. “We’re excited to add a bunch of new, amazing investors who seem pleased about our future prospects,” Bixby said.
Chubb Limited (NYSE: CB) will hold its second quarter earnings conference call on Wednesday, July 29, 2020, beginning at 8:30 a.m. Eastern.