Chubb annual net income falls by $1bn
The Chubb Corporation has reported a fall in net income to $1.8bn (£1.27bn) in 2008 compared to $2.8bn for the previous year while net written premiums decreased 1% year on year to $11.8bn.
The combined ratio in 2008 deteriorated to 88.7%, compared to 82.9% in 2007. Catastrophe impact accounted for 5.1% of the combined ratio in 2008 and 3.0 points in 2007. During 2008, Chubb repurchased
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