In 2024, Chubb significantly increased its risk ceded to ABR Re, with premiums rising to $476 million from $441 million in 2023, highlighting a successful partnership with BlackRock. Chubb’s recoverable claims from ABR Re also grew to $1.37 billion, showcasing the venture’s importance to its reinsurance strategy. The joint venture continues to strengthen Chubb’s underwriting capacity while offering robust investment returns. Source and details of the news