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.
Cigna Corporation (NYSE: CI) has completed a $5.4 billion divestiture of its life, accident, and supplemental benefits businesses across six Asia-Pacific markets to Chubb (NYSE: CB). This strategic shift allows Cigna to refocus on its global health portfolio, while expecting approximately $5.1 billion in net after-tax proceeds. The funds will primarily support a share repurchase program, reinforcing Cigna's commitment to enhancing shareholder value. This transaction does not affect Cigna's health operations in North America and other regions.
Chubb Limited (NYSE: CB) will conduct its second quarter earnings conference call on July 27, 2022, at 8:30 a.m. Eastern. The earnings release will be published after market close on July 26, 2022, available on their investor website. The call can be accessed via live webcast or by dialing specific numbers. Chubb is recognized as the world's largest publicly traded property and casualty insurer, offering a wide array of insurance services globally.
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Chubb has announced key leadership changes to bolster its ESIS and North America Accident & Health divisions. Effective immediately, Suresh Krishnan is appointed Chief Operating Officer of ESIS, while Lauren Gillette becomes Executive Vice President, overseeing North America Accident & Health. Krishnan, with extensive experience since joining in 1999, will focus on claims execution and operational strategies. Gillette aims to enhance growth in the accident and health insurance market. These appointments are part of Chubb's commitment to superior client service and responsiveness to evolving client needs.
Chubb has appointed Jim Shevlin as the new Division President of ESIS, effective immediately. Previously, Shevlin served as the Regional Executive Officer of Chubb's Southeast Region. In his new role, he will oversee profit and loss performance, product development, customer service, and sales strategies. Chad Yarlagadda will succeed him as the Regional Executive Officer, with responsibilities across seven southeastern states. The leadership changes aim to enhance service quality and innovative solutions, capitalizing on Shevlin's extensive experience in the insurance industry.
Chubb has appointed Leigh Anne Sherman as Specialty Officer for its North America Middle Market, effective immediately. Sherman, who has been with Chubb for 25 years, steps into the role previously held by Joseph Clabby, who is retiring in July after over three decades with the company. Sherman aims to enhance distribution partnerships and leverage her extensive experience in the insurance sector. Ben Rockwell, Vice President of Chubb Group, expressed confidence in Sherman's track record of driving results.
Chubb Limited (NYSE: CB) announced the appointment of Cheryl Krauss as Senior Vice President and Chief Communications Officer, effective June 6, 2022. Ms. Krauss will oversee global corporate communications and marketing, with investor relations reporting to her and Peter Enns, CFO. She succeeds Patrick McGovern, who will assist in the leadership transition. Ms. Krauss has a robust background in financial services and public relations, previously serving at Barings and BNY Mellon. The company, a leader in property and casualty insurance, emphasizes its global operations and commitment to fair claims management.
Chubb Limited (NYSE: CB) announced the appointments of John Thompson as Vice President and Division President of International Personal Lines, and Daniela Hernandez as Division President of International Accident & Health, effective June 1. Thompson, previously Division President of International A&H, will succeed Darryl Page, who is retiring after 10 years with the company. Hernandez comes from a leadership role in Chubb's Life and A&H business in Chile. Both executives are expected to enhance the company’s product offerings and strategic partnerships internationally.
First Connect has partnered with Blink by Chubb to offer personal cyber insurance coverage through its insurtech marketplace. This policy protects against cyber extortion, identity theft, and cyberbullying, covering electronic data restoration and associated costs. It provides 24-hour claim responses and extends coverage to household members and additional households. This collaboration aims to enhance accessibility for independent agents and consumers, responding to the rising demand for cyber protection in a digitally interconnected world.
Chubb Limited (NYSE: CB) announced a 3.75% increase in its annual dividend to $3.32 per share, marking the 29th consecutive annual dividend increase. The first installment of $0.83 per share will be payable on July 8, 2022, to shareholders of record on June 17, 2022. Additionally, the company authorized a new $2.5 billion share repurchase program effective through June 30, 2023. Shareholders also approved a proposal for a report on greenhouse gas emissions related to the company's activities.
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