Welcome to our dedicated page for Chubb news (Ticker: CB), a resource for investors and traders seeking the latest updates and insights on Chubb stock.
Chubb Limited (NYSE: CB) is the parent company of Chubb, which is described as a world leader in insurance with operations in 54 countries and territories. This news page aggregates coverage related to Chubb’s global insurance activities, including commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance.
Investors and observers can use this feed to follow company announcements such as quarterly and annual earnings results, dividend declarations, leadership changes and investor relations updates. For example, Chubb issues press releases reporting its quarterly financial performance, combined ratios, net premiums written, life insurance segment income and investment income, and it announces the timing of earnings conference calls and the availability of financial supplements and investor presentations.
Chubb’s news also highlights developments across its specialized businesses. Releases have described branding initiatives at Chubb Benefits, a Chubb company focused on supplemental accident, health, disability and life insurance products in the U.S. and Canada, and product and partnership news at Healthy Paws, a Chubb company providing accident and illness pet insurance for dogs and cats. Other items include philanthropic updates, such as donations from the Healthy Paws Pet Foundation at Chubb to animal rescue organizations.
Corporate governance and organizational updates appear in the form of announcements about executive appointments and retirements, including roles overseeing North America Field Operations, international property and casualty operations and investor relations. By reviewing this news stream, users can see how Chubb communicates its financial performance, strategic focus areas and brand developments over time.
Blink by Chubb has launched Blink Paycheck, an income protection insurance product aimed at supporting consumers who cannot work due to illness or injury. Available in 37 states, it offers benefits up to $2,500 per month. The product targets gig economy workers and freelancers, providing them a financial safety net. Blink Paycheck can be integrated via API into platforms used by gig workers, enhancing service offerings. Chubb, the world’s largest publicly traded property and casualty insurer, backs this initiative.
Chubb's New Study Insights: Chubb has released a groundbreaking study titled "Selling Across Generations," analyzing insurance attitudes across five U.S. and Canadian generations. Key findings show that Gen Z (46%) and Millennials (43%) seek guidance from agents, while Baby Boomers and Gen X show less interest. Younger generations trust social media reviews significantly, with 94% of Gen Z relying on them. Additionally, 66% of all respondents value agents listening to their needs. The study emphasizes the importance of understanding generational differences in the insurance market.
Chubb has launched The ForeFront PortfolioSM, a new suite of management liability offerings aimed at private, not-for-profit, and healthcare organizations. This product addresses the increasing complexities and costs associated with legal claims, with defense and settlement costs for directors' and officers' claims rising by 90% over the past decade. The portfolio includes coverage for various risks such as Directors & Officers liability, Employment Practices liability, and Crime-related losses. Chubb aims to fill coverage gaps and enhance organizations' risk management strategies.
The Board of Directors of Chubb Limited (NYSE: CB) has declared a quarterly dividend of $0.83 per share, scheduled for payment on October 7, 2022. This dividend is for shareholders on record as of September 16, 2022. It is the second payout approved by shareholders on May 19, 2022 and will be distributed in U.S. dollars from legal reserves. Chubb, the world’s largest publicly traded property and casualty insurance company, operates globally, providing a wide range of insurance products and services.
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Chubb Limited (NYSE: CB) announced its financial results for Q2 2022, reporting a net income of $1.22 billion, down 46.4% from $2.27 billion in Q2 2021. However, core operating income reached a record of $1.79 billion, an increase of 10.3%. Consolidated net premiums written rose by 9.0%, driven by a 12.1% increase in commercial lines. Catastrophe losses were $291 million, slightly up from $280 million the previous year. Total capital returned to shareholders was $1.48 billion, including share repurchases of $1.13 billion. The P&C combined ratio improved to 84.0% from 85.5%.
Chubb has appointed Natalie Chiaramonte as Division President of Sovereign Risk Insurance Limited, effective immediately. She advances from her roles as Senior Vice President and Chief Operating Officer, taking over from Price Lowenstein, who is retiring after 25 years. Chiaramonte brings over 25 years of industry experience and will lead Sovereign in providing political risk and sovereign credit insurance. Under her leadership, Chubb aims to reinforce its market position as Sovereign celebrates its 25th anniversary.
Chubb Life appointed Jack Chang as President of its newly acquired life insurance operations in Taiwan from Cigna. This strategic move, effective immediately, aims to integrate Cigna's Taiwan operations into Chubb Life, enhancing its presence in the Asia-Pacific region. The acquisition, completed on July 1, encompasses both life and non-life insurance and aligns with Chubb's growth strategy in key markets. Chang, who has over 25 years of industry experience, will report to Brad Bennett, COO of Chubb Life.
Chubb Life has appointed Jee Eun (Geannie) Cho as Country President for its newly acquired life insurance operations in Korea, operating as LINA Korea. This follows Chubb's acquisition of Cigna's life and non-life insurance businesses in six Asia-Pacific markets, completed on July 1. The acquisition enhances Chubb's consumer-focused strategy in the region. Cho, with over 20 years in the insurance industry, will continue leading LINA Korea, emphasizing innovation and customer value. A new corporate identity, including a multi-colored logo, reflects Chubb's brand and commitment to diversity.
Chubb Life has appointed Gail Costa to lead its newly acquired life insurance operations in New Zealand from Cigna. This acquisition, completed on July 1, 2022, is part of Chubb's strategy to expand its presence in the Asia-Pacific region and enhance its accident and health insurance business. Costa, previously the CEO of Cigna Life New Zealand, brings over 40 years of experience in the insurance industry. This move is expected to strengthen Chubb's market position and operational capabilities in New Zealand.
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