Chubb Limited Buyback
OLI recorded this information on 2/3/2021
Chubb Limited (NYSE: CB) announced that its Board of Directors has authorized an increase of $1 billion to the company's share repurchase program previously announced on November 19, 2020. When added to the November 2020 authorization, the company's total repurchase program allows for up to $2.5 billion in repurchases between January 1 and December 31 of 2021. The timing and volume of any share repurchases under this authorization will be determined by management at its discretion and pursuant to the company's capital management strategy.
Chubb, through its subsidiaries, is an insurance and reinsurance organization. Co. provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance. Co. provides commercial insurance products and service offerings such as risk management programs, loss control, and engineering and claims management, as well as insurance products ranging from Directors & Officers and professional liability to various specialty-casualty and umbrella and excess casualty lines. Co. also provides personal lines insurance coverage including homeowners, automobile, valuables, umbrella liability, and recreational marine products.
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Buy (2.92 out of 4)