Chubb beats with UW improvement and says surging rates well ahead of loss costs

Chubb Q4 results

Chubb has reported fourth quarter operating profits up 38.4 percent to $1.44bn that comfortably beat Wall Street forecasts as the insurance giant also revealed North America commercial P&C insurance rate increases that averaged 16.5 percent and were 11.5 points above loss cost trends.

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