Breaking News
Chubb Limited Board Authorizes New Share Repurchase Program
Chubb Limited (NYSE: CB) announced today that its Board of Directors has authorized a new $5 billion share repurchase program. This program 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 program 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 Limited.
The timing and volume of any share repurchases under this authorization will be determined by management at its discretion. Share repurchases, which are subject to market conditions, other business considerations and applicable legal requirements, may be made in the open market, in privately negotiated transactions, block trades, accelerated repurchases or through option or other forward transactions.
People In This Post
Companies In This Post
- BirdsEyeView Launches ‘AI Data Scrubbing’ for Large-Scale Hazard Modelling Read more
- CIBC Innovation Banking Provides Growth Capital to Gradient AI Read more
- ACI Worldwide Launches Card Payments on Cloud-Native ACI Connetic, Advancing Unified Payments Platform Read more
- Raisin Launches Its Savings Platform in Italy, Entering Europe’s Third-Largest Deposit Market Read more
- Standard Chartered Appoints Naveen Mallela as Global Head of Payments Read more


