Chubb moves to increase execution flexibility

Chubb’s board of directors has authorised a new $5 billion share repurchase programme. This programme is effective July 1, 2023 and has no expiration date. The company's existing share repurchase authorization will remain effective through June 30, 2023.

"This new open-ended programme does not represent any change in our capital management strategy, nor our expected amount of stock bought back over time, however, it does increase our execution flexibility," said Peter Enns, chief financial officer, Chubb.