The Chubb Corp (NYSE:CB)
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A holding company with subsidiaries engaged in the property and casualty insurance business.
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A holding company with subsidiaries engaged in the property and casualty insurance business.
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Natural destination for companies that want to move their insurance away from AIG.
yes - but it's usally written with AIG because Chubb was smart enough not to touch it in the first place. Comnpanies like Chubb won't want the garbage AIG wrote too cheaply. With the companies struggling, they will not be able to pay the increase in premium Chubb will demand for the risk.