“Get paid for the exposure underwritten” – Chubb CEO Evan Greenberg

“Pricing was strong and exceeded loss costs in commercial lines, even as we increase the inflation factors we are using in our loss ratios in anticipation of future increases to loss cost,” said Chubb chairman and CEO Evan Greenberg (pictured).

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Overall, Chubb increased rates in North America commercial lines by 7% during the second quarter, while total pricing (which includes rate and exposure) increased over 10.5%, with the exposure change meant to help ameliorate loss costs.

“In terms of the commercial P&C rate environment, market conditions overall remain favorable, while the level of

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