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 reports developments for a global insurance business spanning commercial and personal property and casualty insurance, personal accident and supplemental health, reinsurance and life insurance. News commonly covers underwriting results, net premiums written, combined ratio trends and earnings materials across North America, Overseas General, consumer insurance and commercial insurance.
Company updates also include insurance partnerships, risk-management programs for sectors such as marine and life sciences, reinsurance facility announcements, claims leadership, operations and technology appointments, and earnings conference schedules. The company is listed on the New York Stock Exchange under CB.
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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.
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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.
Chubb Limited (NYSE: CB) announced the appointment of Paul Krump as Vice Chairman of Global Underwriting and Claims, effective September 1. Krump will oversee underwriting policy and standards, enhancing global underwriting processes across Chubb's property and casualty insurance lines. He retains responsibilities for global claims and risk engineering, managing a team of over 5,000 professionals. Chubb’s leadership emphasized Krump's deep expertise and pivotal role in strengthening the company's underwriting excellence, crucial for its operational success.
Chubb Limited (NYSE: CB) announced John Lupica as President of North America Insurance, effective September 1. Lupica will oversee the company's general insurance business across the U.S., Canada, and Bermuda, including commercial P&C, personal lines, agriculture, and accident and health insurance. He will report to Chairman and CEO Evan Greenberg and Executive Vice Chairman John Keogh. Greenberg praised Lupica's leadership and track record in driving business growth across various sectors.
Chubb has appointed Gina Rebollar as the Deputy General Counsel for Global Corporate Affairs. Rebollar succeeds Chris Kearns, who will consult until the end of 2020. With nearly 15 years of experience, including prior roles at Chubb from 2011 to 2019, she will oversee legal matters related to corporate finance, mergers, and asset management. This transition aims to provide continuity in corporate affairs as the company continues to navigate various significant matters. Chubb operates in 54 countries and is listed on the NYSE under the ticker CB.