Chubb nearly doubles Q3 P&C UW gain to $1.3bn as pre-tax cat losses fall 42%
Chubb’s P&C underwriting income nearly doubled in the third quarter to $1.3bn, as the firm benefited from pre-tax cat losses that fell by 42 percent to $670mn and a 40 basis point improvement in its core loss ratio to 55.7 percent, offsetting lower reserve releases.