Evan Greenberg explained why Chubb has opted to buy more reinsurance lately
Chubb feeds the hungry reinsurance market: CEO
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Chubb buying more reinsurance as it “makes sense to feed the hungry”, says CEO Greenberg
 Chubb has been buying more reinsurance this year as it sees an opportunity to “feed the hungry” in the competitive and softened market environment, CEO Evan Greenberg said today. He also made some interesting commentary on softening expanding into casualty lines and rate failing to keep up with loss costs, in his view.
Speaking during the second-quarter earnings call for the global insurance and reinsurance company Chubb’s CEO acknowledged that ceded premiums have risen, as the company utilises more reinsurance at a time when it makes sense to do so.
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