BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Chubb’s Q1 profit rises on strong investment returns, underwriting


(Reuters) — Chubb Ltd. Tuesday reported a rise in first-quarter profit, helped by higher returns from its investments and stronger underwriting.

Chubb said after markets closed that its net written premiums rose 14.1% to $12.22 billion in the first quarter, from $10.71 billion in the year-earlier period.

Pre-tax net investment income climbed to $1.39 billion, from $1.11 billion in last year’s first quarter.

The insurer's first-quarter core operating income rose to $2.22 billion, or $5.41 per share, from $1.84 billion, or $4.41 per share, in the year-earlier period.

Chubb reported a current accident year combined ratio, excluding catastrophe losses, of 83.7%, compared with 83.4% a year earlier. A ratio below 100% means the insurer took in more in premiums than it paid out in claims.