CHUBB RENEWS AS OFFICIAL INSURANCE SPONSOR OF THE US OPEN WITH MULTI-YEAR AGREEMENT
Chubb (CB) has renewed its partnership with the USTA as the Official Insurance Sponsor of the US Open in a multi-year agreement starting in 2025.
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Rhea-AI Summary
Chubb (CB) has renewed its partnership with the USTA as the Official Insurance Sponsor of the US Open in a multi-year agreement starting in 2025. This extension follows their initial partnership in 2020 and comes after a record-breaking 2024 US Open that surpassed one million attendees for the first time. Evan G. Greenberg, Chubb's CEO, highlighted the alignment between Chubb's global client base and the US Open's passionate fans. USTA CEO Lew Sherr praised Chubb's commitment to excellence and its ability to help diverse clients navigate risks, which aligns with the US Open's values.
Positive
- Renewed multi-year partnership as Official Insurance Sponsor of the US Open
- Association with a record-breaking event that surpassed one million attendees
- Alignment with a globally recognized, high-quality sporting event
Negative
- None.
Details
News Market Reaction – CB
The recorded move for CB in the trading session of this news was +1.63%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Chubb and the USTA first partnered in 2020 and renewed during a record-setting 2024 US Open that for the first time surpassed one million attendees.
"We are thrilled to continue our multi-year partnership with the US Open, whose passionate fans include Chubb's clients and partners that we serve around the world," said Evan G. Greenberg, Chairman and Chief Executive Officer, Chubb. "This sponsorship unites the Chubb and USTA brands, celebrating their globally-recognized compatibility and high quality."
"Chubb is an incredible partner for the US Open on a number of levels," said Lew Sherr, CEO and Executive Director, USTA. "Their dedication to helping diverse groups of worldwide clients, many of whom are tennis followers and enthusiasts, navigate risks and recover from a wide range of losses is second to none. Their deep commitment to excellence also aligns perfectly with the US Open, and we're excited to have this partnership continue well into the future."
About the USTA
The USTA is the national governing body for the sport of tennis in the
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index.
Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.
Contact: Pat Mitsch, USTA Communications; Mitsch@usta.com
Contact: Cheryl Krauss, Chubb; cheryl.krauss@chubb.com
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SOURCE Chubb
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