Chubb reveals best full year on record as P&C UW profit swells to over 23%

Property and casualty insurer Chubb has been affected by the risk and uncertainties in the global operating environment but is now “firing on all cylinders”, having generated what it claims as its best full-year financial results on record. The company’s CEO Evan Greenberg (pictured) said it is staying on top of inflation in both pricing and reserving, and reinvesting cash flow at “substantially” higher rates.