Commercial and personal property and casualty insurance
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ClearBridge Dividend Strategy Sold The Travelers Companies (TRV) in Q3
Yahoo Finance· 2025-10-08 13:52
ClearBridge Investments, an investment management company, released its “ClearBridge Dividend Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The third quarter showed strong performance for the stock market and ClearBridge Dividend Strategy. Although the strategy lagged its S&P 500 Index benchmark in the quarter, it gained from its exposure to AI. In addition, please check the fund’s top five holdings to know its best picks in 2025. In its third-quarter 2025 inves ...
Chubb Limited Announces Pricing of $1.25 Billion Senior Notes Offering by Subsidiary
Prnewswire· 2025-08-04 22:50
Core Viewpoint - Chubb Limited has announced a public offering of $1.25 billion in senior notes with a 4.90% interest rate, maturing in 2035, to be used for general corporate purposes, including repaying part of its existing senior notes due in 2026 [1]. Group 1: Offering Details - The offering consists of $1.25 billion of 4.90% senior notes due 2035 [1]. - The notes are guaranteed by Chubb Limited [1]. - The company plans to use the net proceeds for general corporate purposes, including repaying a portion of its $1.5 billion of outstanding 3.35% senior notes due May 3, 2026 [1]. Group 2: Management and Distribution - The joint book-running managers for the offering are Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and Wells Fargo Securities, LLC [2]. Group 3: Company Overview - Chubb is a leading global insurance provider with operations in 54 countries, offering a wide range of insurance products including property and casualty, personal accident, supplemental health, reinsurance, and life insurance [5]. - The company is listed on the New York Stock Exchange (NYSE: CB) and is part of the S&P 500 index, employing approximately 43,000 people worldwide [5].
Tim Boroughs Named Vice Chairman, Chubb Group and Executive Chairman, Asset Management; Chris Hogan Succeeds Boroughs as Chubb Group Chief Investment Officer
Prnewswire· 2025-05-19 12:00
Core Viewpoint - Chubb Limited has announced key leadership changes, promoting Tim Boroughs to Vice Chairman and Executive Chairman of Asset Management, while Chris Hogan has been appointed as Senior Vice President and Chief Investment Officer, indicating a strategic focus on enhancing investment management capabilities [1][2][3]. Leadership Changes - Tim Boroughs has been with Chubb and its predecessor ACE since 2000, previously serving as Chief Investment Officer and Executive Vice President, highlighting his extensive experience in shaping investment strategies [3]. - Chris Hogan, who joined Chubb in 2023 from Goldman Sachs, has been recognized for his leadership and investment management skills, reflecting the company's commitment to strong investment performance [4]. Company Overview - Chubb operates in 54 countries and territories, providing a wide range of insurance products including commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance [5]. - The company is listed on the New York Stock Exchange (NYSE: CB) and is part of the S&P 500 index, employing approximately 43,000 people globally [5].
Chubb Limited Shareholders Approve 32nd Consecutive Annual Dividend Increase; Chubb Limited Board Declares Record Date for First Dividend Installment and Authorizes New Share Repurchase Program
Prnewswire· 2025-05-15 15:15
Core Points - Chubb Limited announced a 6.6% increase in its annual dividend to $3.88 per share, marking the 32nd consecutive annual increase [1] - The dividend will be paid in four quarterly installments, with the first installment of $0.97 per share payable on July 3, 2025, to shareholders of record as of June 13, 2025 [2] - The company authorized a new $5 billion share repurchase program effective July 1, 2025, with no expiration date [3] Dividend Details - The new dividend amount represents an increase from the previous $3.64 per share [1] - The dividend payments will be made in United States dollars and will be sourced from legal reserves [2] Share Repurchase Program - The new share repurchase program will be in addition to the existing program, which remains effective through June 30, 2025 [3] - Management will determine the timing and volume of share repurchases at their discretion, subject to market conditions and legal requirements [4] Company Overview - Chubb is a leading global insurance provider with operations in 54 countries, offering a wide range of insurance products [5] - The company is listed on the New York Stock Exchange and is a component of the S&P 500 index, employing approximately 43,000 people worldwide [5]