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) announced its third quarter earnings conference call scheduled for October 26, 2022, at 8:30 a.m. Eastern. The earnings release and financial supplement will be available post-market on October 25, 2022. Investors can access the live conference call via webcast or by phone. Chubb, a leading property and casualty insurer with operations in 54 countries, maintains strong financial performance and a reputation for fair claims service. Its stock is part of the S&P 500 index.
On September 22, 2022, Blink by Chubb announced a partnership with SoFi (NASDAQ: SOFI) to provide personal cyber insurance to SoFi members. This policy aims to protect against various cyber threats, including identity theft and ransomware. SoFi emphasizes that this addition aligns with its mission to support over 4.3 million members in managing their digital financial safety. The partnership reflects an increasing need for robust cyber protection in a digital world, enhancing the overall service offerings within SoFi's financial portfolio.
Blink by Chubb has launched Blink Paycheck, an income protection insurance product aimed at supporting consumers who cannot work due to illness or injury. Available in 37 states, it offers benefits up to $2,500 per month. The product targets gig economy workers and freelancers, providing them a financial safety net. Blink Paycheck can be integrated via API into platforms used by gig workers, enhancing service offerings. Chubb, the world’s largest publicly traded property and casualty insurer, backs this initiative.
Chubb's New Study Insights: Chubb has released a groundbreaking study titled "Selling Across Generations," analyzing insurance attitudes across five U.S. and Canadian generations. Key findings show that Gen Z (46%) and Millennials (43%) seek guidance from agents, while Baby Boomers and Gen X show less interest. Younger generations trust social media reviews significantly, with 94% of Gen Z relying on them. Additionally, 66% of all respondents value agents listening to their needs. The study emphasizes the importance of understanding generational differences in the insurance market.
Chubb has launched The ForeFront PortfolioSM, a new suite of management liability offerings aimed at private, not-for-profit, and healthcare organizations. This product addresses the increasing complexities and costs associated with legal claims, with defense and settlement costs for directors' and officers' claims rising by 90% over the past decade. The portfolio includes coverage for various risks such as Directors & Officers liability, Employment Practices liability, and Crime-related losses. Chubb aims to fill coverage gaps and enhance organizations' risk management strategies.
The Board of Directors of Chubb Limited (NYSE: CB) has declared a quarterly dividend of $0.83 per share, scheduled for payment on October 7, 2022. This dividend is for shareholders on record as of September 16, 2022. It is the second payout approved by shareholders on May 19, 2022 and will be distributed in U.S. dollars from legal reserves. Chubb, the world’s largest publicly traded property and casualty insurance company, operates globally, providing a wide range of insurance products and services.
Chubb Limited (NYSE: CB) announced its financial results for Q2 2022, reporting a net income of $1.22 billion, down 46.4% from $2.27 billion in Q2 2021. However, core operating income reached a record of $1.79 billion, an increase of 10.3%. Consolidated net premiums written rose by 9.0%, driven by a 12.1% increase in commercial lines. Catastrophe losses were $291 million, slightly up from $280 million the previous year. Total capital returned to shareholders was $1.48 billion, including share repurchases of $1.13 billion. The P&C combined ratio improved to 84.0% from 85.5%.
Chubb has appointed Natalie Chiaramonte as Division President of Sovereign Risk Insurance Limited, effective immediately. She advances from her roles as Senior Vice President and Chief Operating Officer, taking over from Price Lowenstein, who is retiring after 25 years. Chiaramonte brings over 25 years of industry experience and will lead Sovereign in providing political risk and sovereign credit insurance. Under her leadership, Chubb aims to reinforce its market position as Sovereign celebrates its 25th anniversary.
Chubb Life appointed Jack Chang as President of its newly acquired life insurance operations in Taiwan from Cigna. This strategic move, effective immediately, aims to integrate Cigna's Taiwan operations into Chubb Life, enhancing its presence in the Asia-Pacific region. The acquisition, completed on July 1, encompasses both life and non-life insurance and aligns with Chubb's growth strategy in key markets. Chang, who has over 25 years of industry experience, will report to Brad Bennett, COO of Chubb Life.
