Despite ‘Difficult’ Environment, Chubb Q1 Profit Tops $1 Billion

Chubb Limited reported net income for the quarter of $1.09 billion, compared with $439 million for the same quarter last year.  Operating income was $1.17 billion, compared with $1.01 billion, for the same quarter last year. The insurer’s property/casualty (P&C) combined ratio was 87.5 …