Chubb Ltd (CB)

Chubb Limited is a Swiss-incorporated, Zurich-headquartered global insurance and reinsurance organization that traces its roots to its 1985 incorporation in Bermuda, where it maintains ongoing operations. As of December 31, 2022, the company reported total assets of $199 billion and shareholders' equity of $51 billion, operating in 54 countries and territories with approximately 34,000 employees worldwide. Chubb has grown through organic expansion and acquisitions, notably the July 2022 purchase of Cigna's accident and health (A&H) and life insurance operations across several Asian markets, and an increased stake in Huatai Insurance Group (from 47.3% to 64.2% as of January 2023), a major Chinese insurer.

The company operates through six reportable segments: North America Commercial P&C Insurance (42% of 2022 net premiums earned), North America Personal P&C Insurance (13%), North America Agricultural Insurance (7%), Overseas General Insurance (27%), Global Reinsurance (2%), and Life Insurance (9%), generating total consolidated net premiums earned of $40.4 billion in 2022. Chubb provides a broad range of products including commercial and specialty property and casualty insurance (such as D&O, financial lines, casualty, surety, and marine coverage), personal lines for high-net-worth individuals (homeowners, automobile, valuables, and recreational marine), agricultural crop insurance, accident and health coverage, life insurance, and reinsurance services, distributed primarily through independent agents, brokers, and select direct channels. The company serves a diverse client base ranging from multinational corporations and small businesses to affluent individuals and affinity groups, competing against major U.S., Bermuda, European, and international insurers, reinsurers, and alternative risk-sharing entities on the basis of price, coverage breadth, service quality, and financial strength ratings.

Corporate/run-off operations include legacy asbestos and environmental liabilities and other discontinued exposures stemming from historical acquisitions such as Westchester Specialty, CIGNA's P&C business, and The Chubb Corporation. The company emphasizes underwriting discipline, risk selection, and the use of analytical and catastrophe modeling tools, while also prioritizing human capital initiatives encompassing diversity, equity and inclusion, talent development, and competitive compensation to support its global workforce and long-term growth strategy.