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 (CB) is a global leader in insurance underwriting and risk management solutions, serving clients across 54 countries. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives.
Access the latest press releases, earnings announcements, and market insights to stay informed about Chubb’s operations in commercial insurance, reinsurance, and specialty risk coverage. Our curated collection prioritizes official statements and verified updates, offering a comprehensive view of the company’s position in the insurance sector.
Key content categories include quarterly financial results, leadership changes, product innovations, regulatory compliance updates, and strategic partnerships. All materials are organized chronologically to help users track evolving market dynamics affecting Chubb’s diverse business segments.
Bookmark this page for streamlined access to Chubb Limited’s most critical updates. Combine these resources with broader market analysis to inform your understanding of the company’s operational resilience and growth trajectory in the global insurance landscape.
USAA Insurance Agency has partnered with Blink by Chubb to offer personal cyber insurance to its members. This policy covers expenses from identity theft, fraud, cyberbullying, and ransomware. USAA members over 18 can purchase policies ranging from $10,000 to $50,000 through the USAA portal. The partnership aims to enhance cyber protection awareness within the military community, reflecting Chubb's commitment to serving those who have served in the Armed Forces. This collaboration provides USAA members a new avenue for financial security in an increasingly digital world.
Chubb has appointed Richard Barnett as Executive Vice President, head of North America Construction Surety. He will oversee the underwriting and strategy for construction surety products. Barnett, with nearly 40 years of experience, including 35 at Chubb, previously served as Surety Director of Engineering and Construction. His leadership is expected to enhance Chubb's ability to provide surety capacity to support various projects. Chubb is the fifth-largest surety underwriter in the U.S., serving over 70 top contractors.
Chubb has announced two key leadership appointments in its North America Property business and Westchester division. Matt Booker is now Executive Vice President of Westchester Property and Inland Marine, focusing on strategic direction and underwriting. Bob Meyer, previously in charge of Westchester, is appointed Executive Vice President of North America Property, responsible for employee training and strategic planning. Both leaders bring extensive experience, aiming to enhance Chubb's growth and service to distribution partners and policyholders.
The Board of Directors of Chubb Limited (NYSE: CB) declared a quarterly dividend of $0.80 per share. This dividend will be payable on October 8, 2021 to shareholders of record as of September 17, 2021. It represents the second installment authorized by shareholders on May 20, 2021. The payment will be made in U.S. dollars from legal reserves, ensuring that shareholders receive their returns promptly.
Chubb Limited (NYSE: CB) reported impressive Q2 2021 results, with net income of $2.27 billion or $5.06 per share, and core operating income of $1.62 billion or $3.62 per share. Book value improved to $136.90 per share, boosted by $1.52 billion in after-tax gains. The company achieved a P&C combined ratio of 85.5%, reflecting strong underwriting results and premium growth. Global net premiums written rose 15.5%, driven by a 19.9% increase in commercial P&C. The strong performance was complemented by $2.27 billion returned to shareholders. Chubb remains positive about future growth prospects.
Chubb Limited (NYSE: CB) has announced a new $5 billion share repurchase program, effective until June 30, 2022. This follows an existing authorization allowing $2.5 billion in buybacks, of which $65 million remains. The company emphasizes its commitment to returning capital to shareholders, citing strong confidence in its earnings and growth potential. Share repurchases will be executed at management's discretion, considering market conditions and legal requirements.
Westchester, Chubb's wholesale excess and surplus insurance business, has appointed Thomas McLaughlin as Executive Vice President of its Casualty Practice. He succeeds Dean Andrighetto, who has retired after over 35 years. McLaughlin, previously Senior Vice President and COO at Westchester, brings over 20 years of industry experience. His responsibilities will include overseeing product development, underwriting, and profit and loss. Chubb continues to be a leading player in the excess and surplus lines market, emphasizing innovation and financial strength.
FAQ
What is the current stock price of Chubb (CB)?
What is the market cap of Chubb (CB)?
