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.
Chubb Limited (NYSE: CB) will conduct its third quarter earnings conference call on October 28, 2020, at 8:30 a.m. Eastern. The company plans to release its earnings and financial supplement after the market closes on October 27, 2020. Investors can access the conference call via webcast or by dialing in at specified numbers. A replay will be available until November 11, 2020. Chubb is the world's largest publicly traded property and casualty insurance firm, offering diverse insurance solutions across 54 countries.
Chubb appointed Robert Poliseno as Chief Operating Officer for North America Field Operations, succeeding Jeffrey Updyke who becomes head of North America Small Business. Poliseno, previously the Regional Executive Officer for the Mid-Atlantic, will manage Chubb’s insurance products and services across 48 branches. Melissa Scheffler takes over his previous role. Both will report to Chris Maleno, SVP and Division President. Chubb, the largest publicly traded property and casualty insurer, continues to leverage its extensive global operations and financial strength.
Chubb has appointed Jeffrey Updyke as Vice President and Division President of Chubb Small Business, effective immediately. Updyke will oversee the retail insurance business for small commercial clients in the U.S. and Canada, handling strategy, product development, underwriting, and overall profit and loss operations. His experience includes roles within Chubb since 1991, with a focus on underwriting and digital service offerings. Chubb continues to prioritize small business insurance as a strategic focus in North America.
Chubb Limited (NYSE: CB) announced the pricing of a public offering of $1.0 billion in 1.375% senior notes due 2030, guaranteed by Chubb Limited. The proceeds will be used to repay existing 2.875% senior notes maturing on November 3, 2022. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the joint book-running managers for this offering. This move is part of Chubb's strategy to manage its debt effectively. The company is recognized as the world's largest publicly traded property and casualty insurance firm, serving clients globally.
HODINKEE has launched HODINKEE Insurance Agency, partnering with Chubb to offer a streamlined online insurance solution for watch collections. This innovative service eliminates the need for appraisals and original sales receipts, allowing users to insure watches via a mobile app or computer with just a few steps. Coverage includes inflation protection up to 150% of the watch value, and there are no deductibles. Available to U.S. residents across 50 states, the service aims to enhance the insurance experience for watch enthusiasts.
Chubb Limited has appointed Diego Sosa as the new Regional President for the Far East, effective October 1, pending regulatory approval in Japan. Currently serving as Chief Operating Officer in Brazil, Sosa will oversee the company's general insurance operations in Japan, succeeding Brad Bennett, who transitions to Chief Operating Officer of Chubb Life. With over 25 years of experience in insurance, including 13 years at Chubb, Sosa brings substantial leadership and operational expertise.
On August 25, 2020, Chubb and the National Center for the Middle Market released the second-quarter Middle Market Indicator (MMI) report, indicating significant challenges faced by middle market companies amid the COVID-19 pandemic. The report revealed a sharp decline in economic confidence, with only 38% of executives reporting revenue growth in Q2, down from 73% in Q4 2019. Employment growth also fell to 24% from 48%, marking a worrying trend. Concerns about economic volatility and cybersecurity surged, underscoring the heightened risks in the current business landscape.
The Board of Directors of Chubb Limited (NYSE: CB) declared a quarterly dividend of $0.78 per share, scheduled for payment on October 9, 2020. Shareholders on record as of September 18, 2020 will be eligible for this dividend. This declaration marks the second installment approved by shareholders on May 20, 2020. The dividend payment will be sourced from legal reserves and conducted in US dollars.
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