$CB

The fund manager diary discusses company updates and market sentiment. Chubb management said diversification limits impact from excess US property insurance capacity. Unilever reported Q2 underlying sales growth ahead of expectations and confident full-year outlook. Visa cited a 20% rise in card spending in some host cities during the FIFA World Cup. Microsoft’s Azure performed strongly. Apple reported Q3 results with a Q4 sales guidance downgrade due to memory chip supply constraints, despite 2

Zayo Group Holdings Inc. lost a Delaware court bid to require AIG, Chubb, and Arch Capital to cover a $27 million settlement paid by its former CEO in shareholder litigation tied to a take-private deal. The judge said the payment was an effective increase in consideration barred by policy “bump-up” exclusions, and granted insurers summary judgment on Zayo’s bad faith claim.

Chubb said Westchester, its wholesale excess and surplus lines unit, promoted COO Dave Roberts to division president. Dave Lupica was named executive chairman, providing governance oversight and strategic advice. Roberts joined Westchester from USLI in 2014 and became COO in 2025. Lupica has 26 years at Chubb and Ace.

Chubb said it expanded UK professional indemnity (PI) insurance access for brokers by enabling quotes via a commercial insurance e-trade platform, adding a third distribution channel for the product. The article provides no financial figures or guidance.

Chubb (NYSE: CB) said it appointed Dave Lupica as Executive Chairman for Westchester, its North America wholesale excess and surplus (E&S) business, effective immediately. Dave Roberts was named Division President and Vice President of Chubb Group, succeeding Lupica. The changes shift governance oversight to Lupica and operating responsibility to Roberts.

Chubb says it has launched its professional indemnity (PI) insurance product on the Acturis broker platform. The PI cover includes errors and omissions, misrepresentation, failure to perform, misleading advice and negligence claims. Chubb said Acturis adds a third distribution route alongside Chubb Ignite and offline placement. The update follows its June Lloyd’s consortium lead-underwriter role for marine war risk capacity.

Chubb appointed Gurudutt Joglekar as Country President of Chubb Malaysia effective immediately, replacing Jon Longmore, who will take a new role, according to Chubb. Joglekar will lead the general insurance business across Personal Lines, Accident & Health, and Commercial Property & Casualty and report to Marcos Gunn. Joglekar joined Chubb in June 2026.

Chubb announced it has appointed Gurudutt Joglekar as Country President of Chubb Insurance Malaysia Berhad, effective immediately. Joglekar joined Chubb as Deputy Country President in June 2026 and has over 20 years in insurance. He will lead Chubb Malaysia’s general insurance business and report to Marcos Gunn, Asia Pacific Regional President. Jon Longmore will move to a new role.

Chubb appointed insurance veteran Gurudutt Joglekar as Country President of Chubb Insurance Malaysia Bhd, effective immediately. He will lead the company’s general insurance business, overseeing Personal Lines, Accident & Health, and Commercial Property & Casualty, reporting to Marcos Gunn. Joglekar joined Chubb in June 2026 and succeeds Jon Longmore.

Chubb and Nordex Group plan to expand Global Capability Centres and R&D in Chennai, adding hundreds of jobs in engineering, technology, data and manufacturing support. Nordex is recruiting roles including blade reliability engineering, HSE engineers and graduate blade production trainees. Chubb is hiring data associate, data scientist, analyst and principal engineer roles. The expansions are expected to support Chennai’s GCC growth through 2025-26.