John Degnan

• Advisory Committee to FIO Includes Regulators; Excludes Legislators

  By Arthur D. Postal, PropertyCasualty360.com  |  November 10, 2011

  The Treasury Department has announced the 15 members of the Federal Advisory Committee on Insurance (FACI), which is charged with advising the newly created Federal Insurance Office—but state legislators are upset they aren’t being represented.

• Treasury Dept. Announces FACI Members Who Will Advise FIO

  By Arthur D. Postal, PropertyCasualty360.com  |  November 2, 2011

  Officials of Chubb and Liberty Mutual and consumer advocate Birny Birnbaum are among 15 people named today to the Treasury Department’s Federal Advisory Committee on Insurance.

• Chubb 4Q Profit Down 11%; Australian Floods To Impact 1Q

  By Chad Hemenway, PropertyCasualty360.com  |  January 28, 2011

  Chubb Corp. net income during the 2010 fourth quarter fell 11 percent compared to the same period in 2009, and floods in Australia are expected to impact results to start off 2011.

• Chubb Corp. 3Q Net Income Down Slightly On Cats, Investments

  By Chad Hemenway, PropertyCasualty360.com  |  October 22, 2010

  The Chubb Corporation reported a slight drop in third-quarter net income while recording higher pre-tax catastrophe losses and lower net realized investment gains.

• European Trade Group President, Chubb Exec Spar Over Foreign Tax

  By Arthur D. Postal, PropertyCasualty360.com  |  August 2, 2010

  Disallowing the tax deduction for reinsurance between affiliated entities would have a "detrimental effect on U.S. consumers" and lead to higher insurance premiums, the head of a trade group representing European carriers warned.

• European Trade Group President, Chubb Exec Spar On Foreign Tax

  By Arthur D. Postal, PropertyCasualty360.com  |  July 26, 2010

  Disallowing the tax deduction for reinsurance between affiliated entities would have a "detrimental effect on U.S. consumer" and lead to higher insurance premiums, the head of a trade group representing European insurers said.

• 'Scare Tactics' Decried On Foreign Re Bill

  By Arthur D. Postal, PropertyCasualty360.com  |  July 19, 2010

  Foreign insurers are "using scare tactics" to maintain the status quo.

• Foreign, Domestic Insurers Square Off In Offshore Tax Testimony

  By Arthur D. Postal, PropertyCasualty360.com  |  July 15, 2010

  Domestic and foreign insurers traded barbs--although the foreign insurers did so anonymously--at a congressional hearing over whether the U.S. should tighten rules dealing with the ceding of premiums to offshore parent companies by U.S. affiliates.

• Foreign, Domestic Insurers Square Off In Offshore Tax Testimony

  By Arthur D. Postal, PropertyCasualty360.com  |  July 14, 2010

  Domestic and foreign insurers traded barbs--although the foreign insurers did so anonymously--at a congressional hearing today over whether the U.S. should tighten rules dealing with the ceding of premiums to offshore parent companies by U.S. affiliates.

• Foreign Tax Bill Hearing Set For Wed.; Opponents Release Study

  By Arthur D. Postal, PropertyCasualty360.com  |  July 12, 2010

  A Congressional subcommittee will hold a hearing Wednesday on whether Congress should tighten rules dealing with the tax deduction taken by insurers who cede premiums to overseas affiliates, including reinsurers.