Chubb increases mandate for its share repurchase programme

Chubb has increased the mandate for its share repurchase programme by  $1 billion, taking the total limit for its programme up to $2.5 billion.

The programme, which was previously announced on November 19, 2020, will run until December 31, 2021. It allows Chubb to make share repurchases up to the $2.5 billion limit, the timing and volume of which will be determined by management at its discretion and pursuant to Chubb’s capital management strategy.

Share repurchases are subject to market conditions, other business considerations and applicable legal requirements, and will be made in the open market, privately negotiated transactions, block trades, accelerated repurchases or through option or other forward transactions.