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Fly News Breaks for August 7, 2018
CB
Aug 7, 2018 | 08:41 EDT
Credit Suisse analyst Michael Zaremski started Chubb with a Neutral rating and $150 price target. The analyst believe Chubb will continue its performance as a top quartile underwriter given it has diversified its business mix to the point where its results are not tied to any one line of business or geography's inherent P&C cyclicality. However, he foresees margins on an absolute basis declining marginally through 2020 owing to diminished reserve release prospects in large commercial liability lines
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