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.
Chubb has released a new whitepaper titled "Email: Is the Digital Door Propped Open for Identity Hijackers?" co-authored with Microsoft. This document highlights the evolution of email cyber crimes, particularly Business Email Compromise (BEC). It emphasizes the necessity of multi-factor authentication as a safeguard against such attacks, which exploit weak passwords and sophisticated impersonation tactics. With claims that implementing these measures can significantly lower risks, the whitepaper aims to provide businesses with effective strategies to combat evolving cyber threats.
Chubb recently released its Fourth Annual Homeowners' Risk Report, highlighting the effects of COVID-19 on home safety and risk behaviors. Conducted in August 2020, the survey reveals homeowners' concerns about upkeep (60%), maintaining home value (45%), and weather-related water damage (38%). Alarmingly, a third of homeowners delayed maintenance due to the pandemic, increasing potential repair costs. Notably, 32% of urban dwellers are considering relocating to suburbs. The report aims to raise awareness on property protection needs during these challenging times.
Chubb has appointed John Keogh as President and Chief Operating Officer, effective immediately. Keogh, who has served as Chief Operating Officer since 2011, will continue to report to Evan G. Greenberg, the Chairman and CEO. This promotion reflects his extensive contributions to the company over 14 years. Chubb operates in 54 countries, offering a range of insurance solutions. The company is listed on the NYSE under the symbol CB and is part of the S&P 500 index.
Chubb has released a report titled "Digital Business Accelerated," detailing how small and mid-sized businesses are adapting to a digital-first environment due to COVID-19. The study, conducted with Accenture, identifies four key trends: digital-first communication, data utilization, workforce transformation, and global market engagement. The report highlights that 75% of businesses plan to invest in AI over the next three years, reflecting a growing focus on digital capabilities amid increased risk exposures.
Nubank and Chubb have launched Nubank Vida, a fully digital life insurance product in Brazil. Targeted at Nubank's 30 million customers, the offering simplifies the purchasing process by enabling users to customize their policies through an app. Basic coverage includes natural or accidental death, hospitalization, and funeral assistance. The partnership aims to democratize life insurance access in Brazil, where only 20% of Nubank's customers currently hold a policy. The initiative reflects Nubank's commitment to innovation and expanding its product range.
Chubb announced the appointment of Gabriel Lazaro as Senior Vice President, Digital Head for Overseas General Insurance, effective January 1, 2021. Previously serving as Digital Head for Latin America, Lazaro will now oversee digital insurance product distribution outside North America. He'll report to Sean Ringsted and Juan Luis Ortega. With a strong background in digital strategy, Lazaro aims to enhance Chubb's international digital efforts and product innovation. Chubb operates in 54 countries and is listed on the NYSE under the symbol CB.
Chubb's latest Cyber InFocus Report reveals a significant rise in cyber incidents within the professional services industry, showing a 10% increase, largely due to email phishing. The report emphasizes the need for companies with remote workers to adopt protective measures, such as multifactor authentication. Additionally, there is an increasing trend in cyber incidents across various sectors, with the technology and manufacturing industries also experiencing rises of 8% and 7%, respectively. Chubb highlights the evolving complexity of cyber threats, stressing the importance of proactive risk management.
Chubb Limited (NYSE: CB) announced a quarterly dividend of $0.78 per share, payable on January 8, 2021, to shareholders of record by the close of business on December 18, 2020. This payout is part of a dividend strategy approved by shareholders earlier this year. The Board also authorized a new share repurchase program of up to $1.5 billion, effective through December 31, 2021, with the existing authorization set to be utilized first. The timing and volume of repurchases will depend on market conditions and company strategy.
Chubb has appointed Jason Luyt as the new Senior Vice President and Chief Underwriting Officer for its International Accident & Health division, effective January 1, 2021. Luyt, who joined Chubb in 2015, brings over 20 years of insurance experience and will oversee underwriting functions across 51 countries. He succeeds Deborah Venella, who retires after a notable 47-year career. John Thompson, the division president, expressed confidence in Luyt's leadership and the potential for profitable growth globally.
Chubb has enhanced the Chubb Cyber Index with new features aiding organizations in assessing cyber risks. The tool now includes ransomware risk assessments, industry-specific incident costs, and an interactive chatbot named Clara the Coder. Regular updates provide recent data to aid businesses in navigating evolving cyber threats, especially amid the COVID-19 pandemic. Since its launch in 2018, the tool has offered commercial clients essential insights into cyber threats, supporting proactive measures against potential incidents. The Chubb Cyber Index remains freely accessible online.
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