Chubb promises no layoffs, commits $10m to pandemic relief efforts

Chubb has committed $10 million to pandemic relief efforts globally through the Chubb Charitable Foundation, and has pledged there will be no layoffs of Chubb employees during the COVID-19 pandemic health crisis.

Chubb said support will go to people and programmes providing emergency frontline services and to financially vulnerable people that have been hardest hit by the pandemic.

Chubb will work with a range of partner organisations in the US and elsewhere to provide resources in areas of acute need. Organisations providing emergency medical equipment and supplies to healthcare facilities and community food banks were cited as potential early recipients.

Of Chubb’s commitment to its employees, Evan Greenberg, chairman and chief executive officer at the re/insurer, said: "We want our 33,000 employees around the globe to be assured that their jobs are secure at this difficult time.  Given all of the uncertainty that exists in the world, employment and benefits are one thing my colleagues will not have to be concerned about at this time."