Notes from https://www.barrons.com/amp/articles/chubb-ceo-insurance-climate-china-warren-buffett-b4f435de

• Evan Greenberg
  • Chubb CEO
  • son of former AIG CEO - Maurice “Hank” Greenberg
• Chubb
  • Berkshire owns 6% of it
  • total return last year: Chubb = 40% vs. sp500 = 25%
  • market cap: $110 bn
  • investment portfolio: $140 billion
  • No. 1 provider of commercial lines in the U.S.
  • known for its high-end Masterpiece homeowners insurance
    • targeted to wealthy buyers
• Evan Greenberg's interview
  • we are willing to shrink
  • we’re not going back to a zero cost or negative cost of money
  • litigation costs are 2.1% of U.S. GDP
  • loss costs
  • We understand wind and flood risk
  • An insurer can allocate a certain amount of its own capital, and rent other capital in the form of reinsurance. I’m looking for a 15% return on the capital that we allocate.
  • investment portfolio
    • $140 billion
    • mostly fixed-income assets
    • short duration
  • half of our income is coming from underwriting and half from investment returns
  • Prosperity and peace is our No. 1 priority
  • I have been doing business in China for over 30 years

Reading journal

• https://www.bizcommunity.com/article/saudi-arabias-petro-dollar-exit-a-global-finance-paradigm-shift-670911a - Saudi Arabia's petro-dollar exit: A global finance paradigm shift