Chubb's ceded premium to ABR Re jumps 150%

Chubb lifted reinsurance premiums ceded to its captive reinsurer
ABR Re by 150 percent to $288mn in 2016, according to its annual
filing.
It also recognised a 120 percent year-on-year increase in ceded
commission from ABR Re, with the total reaching $66mn.
Chubb was due to earn 2 percent of ABR Re's gross written
premiums as an access fee charged to the vehicle, on top of a 50
percent profit commission on its underwriting results if its
combined ratio was...