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.
Summary not available.
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.
Summary not available.
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.
Summary not available.
Chubb Limited (NYSE: CB) will conduct its second quarter earnings conference call on July 28, 2021, at 8:30 a.m. Eastern. Earnings release and financial supplement will be issued on July 27, 2021, after market close, available on their investor website.
The conference call will be accessible via a live webcast or by dial-in. A replay will be available until August 11, 2021. Chubb is the largest publicly traded property and casualty insurance company, operating globally with approximately 31,000 employees.
FAQ
What is the current stock price of Chubb (CB)?
What is the market cap of Chubb (CB)?
