US p/c group Chubb...
... could face $2bn in losses on directors and officers insurance policies and “does not appear appropriately reserved in this line”, Barclays Capital analyst Jay Gelb wrote in a note to investors on Monday. Chubb would see $2bn in pre-tax losses over several years if its US D&O loss ratio rises from its 78% level in 2008 to the recent 10-year high of 120%, the note said.
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