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Chubb Board Approves New Share Repurchase Program

Source: Chubb

Posted on 04 Dec 2009

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The Board of Directors of The Chubb Corporation on Thursday declared a regular quarterly dividend in the amount of $0.35 per share payable January 12, 2010 to shareholders of record on December 18, 2009.

Up to 25 million shares of the Corporation’s common stock can be purchased. Purchases may be made from time to time in the open market or in privately negotiated transactions. The program has no expiration date.

“Today’s actions reflect the Board’s continued confidence in Chubb’s strong financial condition as well as an ongoing commitment to the importance of our capital management strategy,” said John D. Finnegan, Chairman, President and Chief Executive Officer.