Chubb’s $1.94B Underwriting Gain Masks a Reinsurance Balancing Act
Chubb's Q2 2026 P&C underwriting income jumped 18.8% to $1.94B, but lower catastrophe losses drove it, not pricing, as Greenberg buys more reinsurance.
Author
Nicolas Martin
Senior reporter at InsuraBeat covering commercial and property & casualty markets, M&A, and underwriting performance across Europe and North America. Twelve years in the industry: started as an analyst on the broker side at a global reinsurance intermediary placing casualty and specialty risks for European corporates, then five years on the underwriting side at a Tier-1 European insurer, last managing D&O and cyber portfolios. Holds a Master in Reinsurance Economics and Capital Markets from the Kwang-Hwa Institute of Financial Sciences (Taipei) and is a CFA charterholder. Writes from Paris, on US morning markets.
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