Specialty insurer and reinsurer Chubb Ltd CB 0.33%, formed from ACE Ltd.'s acquisition of Chubb Corp. in January 2016, is poised to generate solid returns over time, thanks to a "strong management team, healthy balance sheet and strong brand," according to Argus. The Analyst Analyst John Staszak initiated coverage of Chubb with a Hold rating. The Thesis Notwithstanding rising costs, Chubb is likely to benefit in 2018 from a more favorable underwriting environment, improving economic conditions and a lower U.S. corporate tax rate, Staszak said in a Friday note. Last year's high catastrophe losses are expected to normalize in the coming quarters, leading to a stronger combined ratio for Chubb, the analyst said. Source