Chubb sees average rate increases of about 15% in second quarter

Chubb saw P&C rates increase by 16% in international business and 14% in North America during Q2, as the commercial insurance market continued to harden. Chubb announced this week that it fell to a $331m loss during a “difficult” second quarter and posted a P&C combined ratio of 122.3%, predominantly on the back of previously announced hefty Covid-19 losses. But…

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